Description: In the early days of the SARS-Cov-2 pandemic, many Canadian companies responded to the requests from the federal and various provincial governments to help fill the need for personal protective equipment (PPE) for our health care workers. But now 90% of those businesses have collapsed as Canadian governments and hospitals have inked contracts with large providers. The president of the industry association representing PPE business owners says “We’ve got an industry that is just running on fumes.”
Date: March 16, 2023
1) Do you feel our governments should show some loyalty to manufacturers who responded to provide PPE early in the pandemic?
2) Given that we have had the original SARS crisis earlier in the century, followed by the Covid waves of the last three years, how much extra should Canadians be willing to pay to ensure suppliers of PPE are still around for the next crisis?
3) On page 1-7 of Wiley’s Managerial Accounting: Tools for Business Decision-Making we read of the various roles of the chief financial officer. If you were a CFO at a government or a hospital purchasing essential supplies, what criteria would you consider in addressing this issue of PPE procurement?