Roger Geisinger, AMBA Executive Director
Happy New Year to all. A new year brings optimism for better days ahead. Let us hope we are in the FINAL Covid wave! One of the first nations, South Africa, to be hit with the Omicron virus has now reported a steep decline in new cases. Let's hope for a similar trajectory in Alberta and the rest of the world!
The new year will have us face a quickly changing economy. What will the impact of inflation have? How long before the bottleneck of supply chain management is unclogged? Our industry has faced numerous supply issues in the past few years with extended delivery times and seemingly endless rounds of price increases. What impact will the Federal Government "War on Carbon" have?
With all the changes ahead there will also be opportunity. The Alberta government has plans for billions of investment dollars being spent on developing our Hydrogen sector. The energy sector is also likely to start making investments, although on a much smaller scale than in the past. Agri food, agriculture and forestry will also create demand for new facilities.
Well managed companies that have reigned in debt and kept their core staff in place will be well positioned to take advantage of the opportunities that become available.
On behalf of the AMBA Board I wish you a Happy, Healthy and Safe New Year!!!!