ameri resources


Need an office in metro Detroit, Alabama or Toronto? Office suites, meeting rooms, virtual offices, network access




free downloads
USA: "USA AutoBook 2016" Preview

USA: "USA AutoBook 2016" Preview. AutoBooks provide comprehensive information including contact details on the automotive industry. Download this 38-page USA Preview by Autobook International.

proceed to download
eJournals





back to index backAMERItalk June,  2017


Canadian manufacturing sector falling behind in digital production revolution, says BDC

A BDC study says that 42 per cent of Canadian manufacturing businesses have not yet initiated a digital shift, and those companies will soon be at a disadvantage against competitors.

A new Business Development Bank of Canada (BDC) study released today finds that 39 per cent of Canadian manufacturing businesses have started to implement digital projects.

The study also found that, while only three per cent of manufacturing SMEs have fully digitized their production, 17 per cent of manufacturing SMEs are preparing to do so.

The impact of this revolution promises to be remarkable and Canadian manufacturers have a lot of work to do to catch up. The BDC study draws its conclusions from a recent Canada-wide survey of 960 Canadian SME entrepreneurs.

“Our study clearly demonstrates that it pays to embrace the digital shift. The Canadian businesses that have been early adopters of digital technologies have increased their productivity, reduced their costs and improved the quality of their products,” says Pierre Cléroux, chief economist and vice-president of research at BDC.

“However, 42 per cent of Canadian manufacturing businesses have not yet initiated their digital shift. These businesses will be at a disadvantage against their competitors.”

Cléroux says the world is already witnessing the impact digital transformation is having in Europe and the U.S., where highly automated and flexible factories now compete against low-cost factories in Asia.

“In order to survive, Canadian businesses must innovate, because the international competition is on the cutting edge of the Fourth Industrial Revolution,” he says.

Survey highlights:

- Businesses in Canada that have adopted the digitization of their production forecast higher growth and enjoy increased productivity and lower operating costs.

- Quebec (45 per cent), Manitoba and Saskatchewan (44 per cent) top the list of provinces that have initiated the digital shift. British Columbia (39 per cent) and Ontario (39 per cent) come in mid-pack, Alberta follows with 35 per cent and the Atlantic provinces trail behind at 32 per cent.

- The overall level of investment in these technologies remains low. The majority of Canadian SMEs have invested less than $100,000 compared with an international average of $261,000.

- The main obstacles to implementation of digital technologies are the lack of a qualified workforce, excessive costs and the difficulty in understanding the benefits.

Indeed, digital production is no longer a technology of the future. Ontario’s AGS Automotive Systems is using digital technology to gain a competitive edge.

AGS employs highly connected sensors and monitors that fuel data mining. The company is also looking into using 3D printers, also known as additive manufacturing technology. AGS’s head office is in Toronto, and it has six manufacturing facilities in Canada and U.S.

Joe Loparco, co-president at AGS, says the cost savings and productivity gains can be enormous.

“The auto industry is one of the most competitive sectors in the world, and AGS has long used sophisticated technologies such as robotics to boost productivity and improve quality,” says Loparco. “The use of digital manufacturing technology is the next leg on that journey.”

Get a copy the full study, Industry 4.0: The New Industrial Revolution – Are Canadian manufacturers ready? here.

BDC is a crown corporation bank tasked with supporting Canadian entrepreneurship, with a focus on small and medium-sized businesses. Its investment arm, BDC Capital, offers equity, venture capital and flexible growth and transition capital solutions.

Source: Canadian Manufacturing - GAI



previous page

go top
search our site


Loading

AMERItalk

Other articles from the same issue (June,  2017).

The Future of High Tech Patent Litigation in the Auto Industry
play read on

UAW Focuses on Safety in Tesla Organizing Effort
play read on

Auto industry growth strategies: Fasten your seatbelts
play read on

Trade Policy in the First 100 Days: Implications for Automakers and Suppliers
play read on

Autos: North America Build Still Seen Above Expectations in Q2 2017 (download report)
play read on

Trucks: North America Rebound May Be Set to Slow (May 2017 download report)
play read on

New Materials/New Skills for Automotive Skilled Trades
play read on

Auto Dealers: Border Adjustment Tax Will Hurt Dealers and Customers
play read on

Report: 288,000 American Workers in 48 States are Building Technology for Cleaner Cars Today
play read on

Report: 'Clean Diesel' Cars Fade in US
play read on

Compliance Grows Up: Increasing Budgets and Board Access Point Toward Greater Prominence, Independence
play read on

"Shifting" Away From Hourly Pay ... Be Aware of Potential Pitfalls
play read on

Industry 4.0 and the digital twin
play read on

The 3-D Printer That Could Finally Change Manufacturing
play read on

Canadian manufacturing sector falling behind in digital production revolution, says BDC
play read on

What American Manufacturers Can Learn From Henry Ford
play read on

U.S. Supreme Court Limits Jurisdiction in Patent Cases
play read on

U.S. Tax Compliance Toughens for Intercompany Transactions
play read on

America’s declining mobility has millennials feeling stuck
play read on

Understanding the great potential of Chinese investment in the US
play read on

Americans Believe Manufacturing Industry Critical to Country’s Prosperity
play read on

Middle Market Manufacturers: Surprisingly Suited to Capitalize on IoT Advantages?
play read on

How tenant incentives are reshaping the U.S. office market
play read on

Email Outside of Working Hours Not a Burden to US Workers
play read on

TSA offers advice for passengers before summer travel season
play read on

Silver Tsunami Washing Over the U.S. Workforce
play read on

Lack of Workers, Not Work, Weighs on the Nation’s Economy
play read on

Corporate Tax Reform to Have Positive, Domino Effect on U.S. Industrial Economy
play read on

Failed Workplace Drug Tests Reach 12-Year High
play read on

TaxNewsFlash-United States
play read on

Tennessee DOR Explains New Law Permitting Manufacturing Companies to Elect Single Sales Factor Apportionment
play read on

NLRB: Nonunion Employees Do Not Have A Right To A Co-Worker’s Presence During Investigatory Interviews
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120