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LOOKING FORWARD TO THE NEXT 150 YEARS
Happy 150th birthday, Canada. You look great for your age.
In the last 150 years, Canada has given the
world some real game-changers, including the
Robertson screw and, more importantly, the
Tim Hortons’ double-double. But as we celebrate our sesquicentennial, let’s not look backward but forward to our next 150 years and the
wonder it will bring.
Now is the time to chase excellence.
Astronauts, for example, don’t seek the silent
void of outer space because they are running
from the taxman. They do it because they are
driven, passionate dreamers.
It’s that type of commitment that we need at
the highest level of the manufacturing sector in
A recent KPMG survey has revealed that
Canadian CEOs are optimistic about the country’s domestic economic future, yet still a little
wary of the global outlook. This may reveal an
opportunity for Canadian companies to expand,
innovate, and succeed here at home.
The “2017 Canadian CEO Outlook” also states
that 75 per cent of CEOs view disruption as an
opportunity for their business, not a threat. Do
the disrupting or be disrupted, they say.
“This year’s Outlook emphasizes that dis-
ruption has become a fact of life for Canadian
CEOs and their businesses as they respond
to heightened uncertainty,” said Elio Luongo,
CEO and senior partner at KPMG in Canada.
“Importantly, Canadian CEOs see disruption
as an opportunity to transform their business
model, develop new products and services, and
reshape their business so it is even more suc-
cessful than it was in the past.”
So how do businesses ensure that they are
the ones pushing the envelope and not being
The survey pointed to these six important tips
to succeed in uncertain business times:
1. Digitize business functions
2. Limit brand risk
3. Increase speed to market
4. Strengthen client focus
5. Develop talent
6. Become more data-driven
Interestingly, innovation, which is a
much-travelled path to growth and success,
no longer made the list of top priorities, as
reported by KPMG’s survey. In uncertain times
these CEOs are mitigating risk and strengthen-
ing their cores.
In spite of innovation’s absence on the list, my
guess is that it will remain a priority for top
manufacturers. They will continue to innovate
while developing talent, speeding time to market, and utilizing the data produced on the shop
floor … at least for a few of the next 150 years.
JOE THOMPSON, EDITOR
In the last 150
years, Canada has
given the world
some real game-changers,