Canadian Manufacturing Outlook 2016 | KPMG | CA

Canadian Manufacturing Outlook 2016

Canadian Manufacturing Outlook 2016

What will it take for Canadian manufacturers to invest in growth initiatives, reach their goals, and stay competitive?

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What will it take for Canadian manufacturers to invest in growth initiatives, reach their goals, and stay competitive?

KPMG surveyed more than 220 executives from across the country, gaining valuable insights about their companies and the future of Canadian manufacturing.

Growth is on the agenda

Growth is definitely top of mind with manufacturing executives, both now and in the next two years. However, economic uncertainty appears to be holding Canadians back and there remains some hesitance to act, especially compared to their global counterparts.

Here’s what Canadian manufacturing executives are saying:

  • 57% consider exploiting opportunities for growth as their top strategic priority today;
  • 66% are focusing on increasing market share within existing geographic markets/sectors in the next 2 years;
  • 55% are focusing on entering new geographic markets in the next 2 years;
  • 51% have spent less than 3% of their revenues on R&D and innovation;
  • Factors that will impact growth over the next 3 years: currency fluctuations (46%), economic growth (44%), and pricing pressures (41%).

Explore the report

So, what will it take for Canadian companies to invest in growth initiatives, reach their goals, and stay competitive? Find out in KPMG’s Canadian Manufacturing Outlook 2016 [PDF 1.7 MB].

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