Survey Finds Only Two-Thirds of Executives Familiar With USMCA

A PricewaterhouseCoopers survey of 400 executives found that only two-thirds are familiar with USMCA, but of those who are, 88% said their firms have taken action to comply with the changes from NAFTA. For firms that said they were taking action in February, 54% were evaluating their supply chains; 38% hiring new workers and 26% moving manufacturing. It's not clear how the economic crisis caused by COVID-19 pandemic may have affected these plans.