Canadian manufacturing leaders are reporting a generally positive, albeit cautious, view of their prospects for 2017 despite lower than expected economic growth in 2016. Recent world events such as the U.S. election and uncertain near-future trade agreements; a weak Canadian dollar; declining oil prices; and global economic instability have caused levels of cautious optimism for the future of Canadian manufacturing.
The annual Manufacturers’ Outlook report, produced by PLANT Magazine in partnership with sponsors SYSPRO Canada, Grant Thornton LLP, and Machines Italia with the Italian Trade Commission, benchmarks leading Canadian manufacturing executives’ business practices for the year, including outcomes and impacts and their opinions and insights into the future of the Canadian manufacturing industry. The report also contains data from a national survey of more than 500 senior manufacturing executives and key insights from a follow-on roundtable discussion by twelve manufacturing executives, industry analysts, and providers of services.
Highlights from the report include:
- Insights into the changing world of manufacturing, including opportunities and challenges to business innovation and growth
- Leading strategies and tactics for growth such as breaking into new markets, developing new lines of business, and cultivating top talent
- An overview of the key areas of business manufacturing leaders need to pay close attention to, when planning for scalable and sustainable growth in 2017—and beyond