https://padlet.com/qayyamj/4uynbd1kkbtuaua1 By Qayyam Jamal en-us 2021-12-06 19:15:42 UTC 2025-11-26 12:09:45 UTC hello@padlet.com https://cdn.britannica.com/56/194256-050-0DACD0D3/Concept-illustration-world-countries-trade-relationships.jpg qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1931996498 Welcome to the wall of supply and demand in international trade. 
This wall aims to explain what International Trade is and shed some light on the effect of supply and demand in that form of trade. It also aims to show how the Canadian supply chain has been affected since the beginning of the COVID-19 Pandemic. ]]> 2021-12-06 19:30:56 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1931996498 qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1932068167 International trade is the trade of goods and services between countries through imports and exports. It is also the supply chain that allows the more intricate goods and services to be created. The video goes on to explain how before the 19th century most European countries prioritized self-sufficiency through mercantilism to increase exports and limit imports to increase the country's gold supply. This brought on the idea of comparative advantage which meant that countries focus on making goods that they are better at than anyone else and import what they don't have time or resources to make. This then lead to the country's worth not being measured by their gold supply but by their productivity (Gross Domestic Product (GDP)). Through this international trade blew up worldwide and lead to the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) that make rules governing intellectual property and the rules and regulations around international trade. The video explains how making the rules and regulations can be a tricky thing as there are always winners and losers when it comes to trade. It then goes to say how Canada, the US and Mexico made the North American Free Trade Agreement (NAFTA) to increase trade between those countries and this agreement was used as a blueprint for other countries around the world.

I chose to use this video for my wall because it quickly and efficiently explains what International Trade is and how the world moved from Mercantilism to International Trade as we know it today. The images and animations also help make the video easy to understand and engaging enough that the information doesn't come out dry and monotonous. ]]> 2021-12-06 20:09:14 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1932068167 qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1932231878 This video uses the example of apples to show how supply and demand effect the trade in that product between Canada and the US. It starts by showing how the markets and their equilibrium prices would supposedly look if there were no trade between the countries. Then, by introducing a free trade price it goes to show how the US consumer surplus is negatively affected and the Canadian consumer surplus is positively effected. It also shows how the opposite is true for the producer surplus in both countries, favorable for the US and unfavorable for Canada. It then shows how the Net Gain from the trade positively affects both countries by comparing the consumer surplus to the producer surplus. 

This is a great introductory video to the effects of supply and demand in international trade as it is easy to understand and uses an example to show their effects. The graphs highlight the supply and demand in each country and shows how trade affects that graph to emulate the consumer surplus, producer surplus and net gain.]]> 2021-12-06 22:09:41 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1932231878 qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1932259109 This panel goes in and looks at the issues with the current supply chain in Canada including but not limited to the surge of imports, loss of productivity due to social distancing and full shutdowns from COVID,  shortages in transportation (truckers), issues with globalization, climate change and over-reliance on products from China. The panel then proceeds to look into possible solutions to alleviate the supply chain crisis not only in Canada but on the global scale. This includes updating infrastructure of ports to utilize blockchain and artificial intelligence technologies like they do in Dubai for logistics and warehousing. They also speak on how Canada should begin to look at securities for the next potential crisis, be that re-shoring in Canada or at least North America, diversifying our sources to not rely on a single source, in this case China and also strengthening the North American supply chain so that it is more resilient by relying on each other. They also speak to how globalization today is skewed and there is no true global supply chain but a Chinese dominant supply chain and to resolve some the issues we need to shift towards true global and regional supply-chains. Finally, they speak on how the Canada needs to find a way to create demand for local products to grow the local market and reduce the reliance on other countries in the supply chain.

I personally love this panel, it lets us hear from experts in the field on issues in the supply chain on a global scale. I particularly like how they look into some possible solutions for the crisis that isn't just simply re-shoring everything because it's not feasible in the world today. ]]> 2021-12-06 22:34:38 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1932259109 qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1932268981 This News segment shows how the surge of imports in Canada has affected the supply chain. The amount of shipping containers being left in yards has increased nearly 50% since the start of the Pandemic. Because of the of the lock downs, the surge in demand for imported items has increased which has increased the amount of containers being used for imports. Shipping companies have since limited the amount of containers that are being used to export Canadian goods and taking empty containers back to Asia where the demand for them is higher. There is now a delay in when consumers get their products and the higher demand for the imported products is driving up prices.

I chose this video because it was interesting but also how it shows the effect high importation can throw supply chains out of balance. One thing I learned that really struck me is that shipping companies are opting to return empty containers to countries with high export rates instead of doing what used to be the norm in filling those containers with goods from the country they are in to ship elsewhere.


]]> 2021-12-06 22:44:07 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1932268981 qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934465434 In the first few months of the Pandemic, Canada's exports had dropped 28.4% from the previous year hitting the lowest they had been since 2009. Although the numbers did increase drastically by July, by the end of the year the numbers were still lower than they were from before the Pandemic. Imports also saw a decline in April and May but by June and July the numbers were more normalized and by October they had surpassed the pre-pandemic numbers. The demand for energy products, one of Canada's largest exports, had fallen 36.6% in 2020 due to global shutdowns. Crude oil was responsible for more than 75% of that decrease, by the end of 2020 the export of crude oil was down 26.8% from 2019. Similar situations arose in the trade of motor vehicles and parts, first half of the year saw a major decline in demand, production and exports but unlike energy products they did somewhat stabilize by the second half of the year though the numbers were still lower than those of 2019. Unlike the previous two exports, farm products showed strong export growth, even with the pandemic in full swing. The exports of goods in the industry was up 14.9% to a record high of $43.6B. The demand for metallic and non-metallic minerals, mainly gold, also grew globally in 2020. The demand for consumer goods surged to record highs during the Pandemic year. Imports were up 1.4% from 2019 to reach a record high of $127.2B. 

I chose this website because it is an official Canadian site showing all the stats from the 2020 year. The site gives a more detailed look at to how the Pandemic and other factors affected International trade for Canada. It was interesting to see how the import numbers were down at the beginning of the pandemic when there was global uncertainty but rose drastically when people started to accept the new norm and the numbers in the demand of consumer goods shows this as well. ]]> 2021-12-07 20:10:53 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934465434 qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934559940 Since the beginning of the pandemic, bottlenecks in the supply chain has led to congestion at ports around the world. In Canada, this means that there is a limited supply of goods in stores that is causing an increase in prices and this is not going to change anytime soon. To paraphrase Finance Minister Chrystia Freeland, "Shutting down an economy is a lot easier than turning it back on." Since 65% of Canada's GDP comes from trade, the blockages in the supply chain impacts both the economic activity within Canada and the living standards of all Canadians. The low to nonexistent demands in some commodities during the closures caused by pandemic, which are now seeing surges due to global re-openings, are causing bottlenecks at ports around the world including the L.A. port in the US and the port of Vancouver in Canada. These bottlenecks coupled with the limited supply of trucks for transportation are causing massive delays in the chain and ports are now filled with shipping containers. The imbalance of supply and demand are causing problems globally, there are too many of some products and not enough of others. This problem doesn't only affect products coming from other countries but to those manufactured in North America as well. Products that require a specific part from elsewhere in the world are also dealing with the consequences of the strained supply chain.

I really appreciate this article as it not only looks at how the supply chain crisis is affecting Canada but also how some of these problems are being seen worldwide. Sometimes we forget about the fact that not all imports are consumer goods and that bottlenecks in the supply chain can inhibit or delay the production of some local commodities.]]> 2021-12-07 21:18:05 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934559940 qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934580468 International trade is the exchange of goods and services between countries. Through international trade, consumers and countries gain the opportunity to be exposed to products that can't be found locally or a too expensive to produce in their own countries. 

This is a great article because it briefly and efficiently explains what imports and exports are. The definition of comparative advantage as well as it's origins and some criticisms on the concept. It also goes into the benefits of trading globally and the discussion of free trade vs. protectionism. In short, this is a great introductory article into what International Trade is.]]> 2021-12-07 21:35:18 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934580468 qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934599546 This site is a breakdown of trade in Canada from the choice range of 2007 to 2018. It allows us to look at the trade numbers of Canada internationally and internally as well as the breakdown by province / territory. It allows us to look at the total numbers but also lets us look a little deeper in and look at the trade for the different product categories as well as goods and services.

I chose this website because it lets us look at real numbers and the change of imports and exports through the years. I particularly like how you can look at the numbers for specific sectors of the trade market. ]]> 2021-12-07 21:51:39 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934599546 qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934615476 This image is to show how the supply chain crisis is causing an increase in the number of shipping containers being left at ports and shipping yards in Canada and around the world. ]]> 2021-12-07 22:05:59 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934615476 qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934621133 This image shows the supply demand graph with highlights around the consumer and producer surpluses as well as where the losses and tarrifs are on the graph.]]> 2021-12-07 22:11:15 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934621133 qayyamj https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934627232 1. That the increase in imports from China since the beginning of the pandemic has worsened an already skewed global supply chain.

2. This topic is relevant to me because the rise in demand of consumer products means that now there is a delay in receiving those products as well as price increase. This means a lot to me since I order products online a lot.

3. I would tell my family and friends to expect longer delays in receiving their items ordered online, especially if they're ordered from over-seas. ]]> 2021-12-07 22:17:23 UTC https://padlet.com/qayyamj/4uynbd1kkbtuaua1/wish/1934627232