Canadian Manufacturing Outlook 2012: Push and Pull – Reducing Costs and Investing in Innovation presents the results of a Canadian survey of 150 senior Canadian manufacturing executives, with the majority (70 percent) of respondents in a C-level role and 79 percent are responsible for, or significantly involved in, their company’s sourcing/manufacturing strategy.
The manufacturing industry is a vital component of the Canadian economy and a significant contributor to our economy. In a time of steady economic growth it is no wonder Canadian manufacturers feel well positioned to succeed and grow their business.
Optimism, in fact, is moving manufacturers forward. KPMG’s third annual Canadian Manufacturing Outlook survey finds that companies in the sector are confident in their business strategies and are looking to expand into new markets to help deliver the efficiencies that are being demanded throughout the value chain.
Other key findings include:
- Transformational innovation has begun and it is seen as the key driver for increased productivity and growth for the future
- Canadian manufacturers are looking to increasing efficiency to get even more out of the value chain
- As Canadian manufacturers expand their sourcing efforts outside of North America the need to invest resources to manage risk must be also considered.