Sponsored Content provided by PLANT partners: Whitepaper examines how they can thrive through the tough times predicted ahead Canadian manufacturers are cautiously optimistic in 2019. They are facing a variety of challenges, yet they are more open to new opportunities…
Bank of Canada’s measure for corporate confidence dropped into negative territory for the first time since Q3 of 2016.
Tariffs have increased manufacturing costs throughout North American supply chains.
Conference Board cites service-sector stability and rising exports.
The company had expected up to $285 million in sales from as many as 760 stores within the next year or so.
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Ability to expand export markets beyond North America key to competitiveness.
They anticipate sales the faster over the next 12 months, stronger overall from increasing US demand.
PLANT Manufacturers’ Outlook 2018 study shows they’re expecting business to be good, will invest in growth.
Prepare for a vastly different business future by setting the right strategic priorities.
Forecast for global economic growth was unchanged at 3.5%.
That’s despite uncertainty arising from potential protectionist bent of Trump’s administration.
They claim to be managing disruptions but study suggests they aren’t backing that belief up with action.
Canadian forecast is 2.2% GDP with surging exports and less investment cuts in energy sector
Study says Canadian manufacturers must look to innovation, new geographies to fuel growth.