According to Wood Industry’s forecast, 79 percent of Canadian respondents expected revenue growth this year — a figure that approximates a similar survey in the States by the Cabinet Makers Association (CMA). There, just over 86 percent of respondents to the CMA’s survey said they are anticipating revenue growth this year.
Today, that growth could come from almost anywhere on the globe. This may be the year, as the saying goes, to “go big or go home.” If you really want to grow your shop’s business, as a manufacturer, it’s not enough anymore to think locally, regionally or even nationally when you ask yourself, “Where is my next sale coming from?”
It is vital to look beyond our borders globally, says Gregory Trippenbach, the light manufacturing sector vice-president for Export Development Canada: “The bottom line is that you have to look outside of Canada to sustain growth, to create a long-term, viable business,” he says. Read more at Wood Industry magazine.
EDC is Canada's export credit agency, offering innovative commercial solutions to help Canadian exporters and investors expand their international business. EDC's knowledge and partnerships are used by more than 7,400 Canadian companies and their global customers in up to 200 markets worldwide each year. EDC is financially self-sustaining and a recognized leader in financial reporting and economic analysis.
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