Samsung Elec says second quarter operating profit likely down 4 percent year on year

whalebeings.com
MISSISSAUGA, ONTARIO--(Marketwired - Oct 1, 2015) - Dead. Dying. On life support. Those three words are frequently used to describe Canadas manufacturing sector today. But theres no need to pull out the defibrillator. The reports of Canadian manufacturings death have been greatly exaggerated, says Jayson Myers, president and CEO of Canadian Manufacturers & Exporters. Its certainly not a sector thats asleep, let alone dead. Consider the facts: Manufacturing is Canadas largest business sector employing 1.7 million Canadians Industry pays $1.85 billion in weekly salaries Accounts for 11% of overall economic activity Responsible for 46% of all R&D Doesnt sound like a dying industry - far from it. Dont believe it? See for yourself during National Manufacturing Month (MFG MONTH) this October. CME in conjunction with BDO, is powering this month-long celebration of Canadas largest business sector. Manufacturers from every corner of the nation will open up their doors to the public to demonstrate that the industry is not just alive and well, but at the heart of innovation in the country. Events like Manufacturing Month brings the industry to the forefront and opens the dialogue for manufacturers across the country, says Mike Gillespie, BDO Canadas National Manufacturing & Distribution Leader. BDO is a proud supporter of the CME and their efforts to reshape the sector. The very nature of the industry is changing due to a number of factors including technological evolution, increasing global competition and changing customer demands. Manufacturing is undergoing a seismic shift, adds Myers. Its not the industry it was five years ago and it will continue to evolve at an unprecedented pace. The lesson that Canadian manufacturers have learned over the past 15 years is that they cannot compete simply on the basis of low costs or high volume production. They need to innovate. They need to specialize. They need to customize. They need to provide services as part of their customer solutions. They need to adopt new and advanced information and production technologies. And, they need to drive efficiencies throughout all aspects of their business and their supply chains. Join us as we shape the manufacturing industry of tomorrow - a high tech, highly skilled, high value and high paying industry that is alive and well and will power the Canadian economy for future generations. Better yet, visit a local manufacturing facility in your neighbourhood. Be a part of the solution, manufacture change. Visit www.mfgmonth.ca for more information. View comments
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