Key Takeaways
for Canadian
Manufacturers
Sales growth and cost
reduction continue to be the
strategic mainstays of Canadian
manufacturing. So is the triedand-true preference to avoid risk
in an effort to maintain consistently
strong performance. There are some
areas, however, in which Canadian
manufacturers can test more risky waters
when it makes sense.
Seeking growth in new geographic markets
While due diligence is required to determine where in the world it makes the
most financial sense for your company to export or produce its goods, along with
where your biggest markets are and how you can get closer to them, the benefits
of expanding globally can be substantial. For most Canadian manufacturers, where
sales growth is the top priority, having a strategy for moving into new markets
should be a focus now, if it is not already.
Increasing supply chain efficiency through v