The year ahead should see the economic pendulum shift from a “wait-and-see” approach to spending to a significant upward trajectory. Canadian manufacturers that are prepared for industry changes and that have the right financing in place will be able to capitalize on the upswing when it’s time.
The likelihood is that the Canadian economy will likely slow down further before trending upward next summer. With the mythical “soft landing” a real possibility, businesses should move from that wait-and-see approach by mid-year. The key for manufacturers will be to understand the forces and trends that will shape the industry in the coming year, and to take time now to determine how they will leverage those trends.
- Key industries will serve as economic proxies.
- Cross-border deals and U.S. investment may grow.
- As-a-service financing will continue to gain traction.
- Innovative financing programs will help manufacturers move equipment.
- IoT will increasingly shape manufacturing equipment.
- Work in achieving Sustainable Development Goals will mature.
Interested? Read on for details, and learn how and where you can take off after that soft landing. |
