Made in North AmericaResults of Deloitte's survey can help manufacturers improve their competitiveness |
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To answer that question, Deloitte surveyed 321 executives of leading North American manufacturing enterprises — and their responses may both surprise and hearten you. The survey was conducted in association with Canadian Manufacturers & Exporters (CME) , and the National Association of Manufacturers (NAM) and the Manufacturing Institute in the United States. A positive outlook predominates Equally notable was the fact that many executives credit the North American Free Trade Agreement (NAFTA) for improving their revenue growth and business performance. “NAFTA has opened many doors of opportunity for companies across North America,” notes Jayson Myers, president of CME. “We need to build on that to equip our companies with the right tools to be globally competitive.” Enhance your competitive position As survey results show, the barriers to competitiveness remain formidable, running the gamut from labour costs and government policies to raw materials costs and availability of skilled workers. Yet, North American executives are signalling that their competitive capabilities are sufficiently robust to overcome these challenges. While much work lies ahead, the future of manufacturing in North America looks bright. |
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As key drivers of productivity and innovation, manufacturing companies play a pivotal role in North America’s economy. Yet years of market turmoil have taken their toll on the sector, prompting industry players to wonder if globalization will ultimately compromise the productivity, competitiveness and profitability of domestic manufacturers.
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Embracing change
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