Canadian manufacturers aim to hit $1 trillion in sales 2030
This article appeared in the The Canadian Press on April 27, 2016
The Canadian Manufacturers and Exporters (CME) launched a new national initiative in Winnipeg today with the goal of doubling output by 2030.
Jason Myers, CEO of the national organization, said Canada's manufacturers and exporters need to leverage the expertise that already exists and integrate technology to better address more demanding customers needs.
The idea is for the sector to hit $1.2 trillion in sales, exports of $696 billion and an estimated 4.1 million additional jobs by 2030.
Myers said countries such as Germany already have plans to manage new challenges and capitalize on new digital technologies in what is being called the fourth industrial revolution.
"Canada needs to keep pace," Myers said. "We can no longer afford to see businesses in Canada lag behind those in other jurisdictions when it comes to competing for investment, customers or talent."
Not counting the oil sector, Canadian manufacturing has grown by 25 per cent over the last two years, growing by three times the rate of the economy as a whole.