New research from KPMG indicates Canadian manufacturers are increasingly moving operations “on-shore” in North America, due to rising energy costs and increased inflation in low-cost jurisdictions like China and India. The “Canadian Manufacturing Outlook 2014” report says Canadian manufacturers will be able to take advantage of this trend because of their proximity to the U.S. and reputation for making higher quality goods.
A CBC News article discussing the report findings claims shrinking lead times and manufacturing new products are also encouraging more on-shore manufacturing. The findings, based on a survey of 154 manufacturing executives, show 4% of Canadian manufacturers planned to source from China this year, as compared to 31% in 2013.
“The strongest companies having withstood tough times are well positioned to compete locally and globally,” says KPMG’s Laurent Giguère, one of the authors of the report. “Canadian manufacturers are the busiest they’ve been in many years, and it is essential for these companies to remain focused on future success, thinking ahead rather than simply fighting to survive.”
Lista manufacturing solutions can help Canadian manufacturers operate at peak efficiency in the years to come. From perishable and CNC tool storage to assembly workbenches and quality area workspaces, Lista’s comprehensive range of storage solutions can improve manufacturing productivity and efficiency.