According to a recent survey of nearly 650 factory executives by the Canadian Manufacturers and Exporters (CME), there are a lot reasons to be optimistic about the next three years as manufacturers plan to boost spending, hire more workers, and generate greater profits.
“That’s what I see out there – a lot of optimism,” CME chief executive Jayson Myers said in an interview. “Canadian companies have weathered the deepest recession since the 1930s, and the companies that have survived have found more market opportunities. Many of them are busier than ever.”
Two-thirds of those surveyed intend to increase spending on machinery and equipment, and more than half said they would increase spending on research and development.
Local manufacturers who plan to export their products can take advantage grants available to cover the costs of travel and marketing expenses to industry events outside of Canada. With coverage of up to 50% of eligible expenses, now is the time to consider your move into the global marketplace. Talk to Sovereign Consulting representative today to find out how you can qualify. Call 416-746-9044 or send us an email!
Source: Globe and Mail