Currently, automobiles and light-duty vehicles are the largest Canadian manufacturing exports. With the introduction of self-driving and electric vehicles to the market in the last 10 years, this may be a feasible market to begin offering competitive manufacturing rates. The Green Aviation market also addresses the concerns of aerospace machinery contributing to greenhouse gases and global warming.
The European Union has introduced the “Flightpath 2050” plan which aims to reduce nitrogen oxide emissions, carbon dioxide emissions and noise pollution levels in the airways by 2050. Canada moved to join the EU’s plan by implementing their own Green Aviation Research and Development Network. The need for more efficient materials, alternative fuels and more quiet engines are driving some of the new fields of manufacturing in Canada.
Smaller plants have also become a renewed trend, mirroring what is occurring in the United States. This trend mirrors the manufacturing boom in the 1970s and then in the early 1990s. While the small-plant boom ended in the 1990s, the resurgence has piqued the interest of analysts. This study suggests that perhaps smaller companies can outsource some of their in-house tasks, allowing them to remain cost-efficient and still productive.
Canadian manufacturers – in particular CEOs – should also be mindful of cyber security risks. In an age where data breaches are becoming all too common, customers want guarantees that their information will not be leaked. Additionally, any vendor offering manufacturing software should be ready to safeguard it against cyber attacks and other digital threats.