The report highlights the top results from a national survey, conducted by RK Insights, a leading global full-service market research firm, of 495 Canadian manufacturing owners and senior executives. Results from the study were tabulated and discussed at a live industry roundtable that consisted of 14 industry subject matter experts including analysts, manufacturers and service providers, on October 17th, 2017.
Several key findings from the 2018 report include:
- 44% of senior company executives are optimistic about the coming year, although most (50%) qualify their optimism with caution.
- American protectionism is worrying 92% of executives, followed by rising global protectionism (90%), US President Donald Trump’s impact on nation-to-nation relationships (88%) and the NAFTA renegotiation (88%).
- More than half of the senior executives are expecting orders and sales to increase (averaging 12% and 13%); but costs will also increase by 6%. Pricing will stay the same for 48% but 43% expect increases of 5%. Thirty-nine per cent see profits rising 8%.