OTTAWA (ON), October 26, 2021 /CNW/ – Canadian Manufacturers & Exporters (CME) congratulates the new cabinet and looks forward to working with new ministers on Canadian manufacturing priorities.
“The manufacturing sector is essential for from Canada economy. Not only does it produce the essential goods that we use every day, but it is also the basis of regional economic development. However, the sector has been lagging for several years – it is losing investment, production and jobs. This is why we must act now by putting in place the necessary measures to ensure the competitiveness of our manufacturing companies and to ensure that they have the workforce they need”, declares Denis DarbyPresident and CEO of CME.
4 priorities for the manufacturing sector
CME believes from Canada the objective should be to attract at least 2% of annual manufacturing investment in the OECD, or $50 billion annually in from Canada manufacturing sector over the next decade.
The Association therefore invites the new ministers to commit themselves to the 2% challenge and to work with manufacturers to put in place an effective and global industrial strategy for Canada which focuses on the following key priorities:
- Get the workers we need;
- Stimulate investments in innovation and advanced technologies;
- Increase Canadian exports; and
- Adopt a net zero strategy.
Disrupted supply chains
In recent months, supply chains have suffered many disruptions and are now more fragile than ever. CME urges newly sworn in ministers to work closely with manufacturing and exporting companies to minimize impacts.
“The erosion of our industrial competitiveness has had a direct impact on the ability of our manufacturing companies to react and recover from the crisis. It is now essential to question the type of economy we want to build. This pandemic has clearly demonstrated the importance of investing in our manufacturing capabilities now,” concludes Denis Darby.
During the last federal election campaign, CME unveiled its “Manufacturing Now” platform detailing the Association’s key recommendations to ensure the growth of the manufacturing sector.
Fast facts
- The manufacturing sector accounts for more than 10% of from Canada gross domestic product.
- Manufacturers directly support more than 1.7 million jobs in Canada.
- Total manufacturing sales in 2019 exceeded $685 billion.
SOURCE Canadian Manufacturers and Exporters
For further information: Ady Stefan Calin, Manager, Communications and Branding, Canadian Manufacturers & Exporters, (514) 293-3765, [email protected]
Related links
cme-mec.ca
