This article is the 1st of a 3-part series on automotive trends: Part 1: Intelligent Mobility Part 2: Manufacturing Materials and Processes Part 3: Alternative Vehicle Propulsion Systems Vehicle automation, connectivity, and mobility services are automotive technology trends that have been around for decades. The industry has experienced profound advancements from a significant acceleration in…
Despite a strong business environment, Canadian businesses must navigate considerable challenges to grow and drive profit each year. Attracting customers, increasing revenue, developing a skilled workforce, and driving innovation are just some of the areas where businesses feel the most strained. As identified in the Future of Business Survey, led by the Organization for Economic…
The Bank of Canada’s Business Outlook Survey is a quarterly summary of interviews conducted between the bank and approximately 100 senior managers from businesses across Canada. The report’s purpose is to gather the perspectives of business leaders on topics such as demand, capacity pressures, and other economic indicators. Although it is a small sample size,…
The Government of Ontario has projected that by 2019 a total of 323,000 jobs will be created, but many of these positions will go unfilled. This is mainly attributed to employers’ inability to find properly trained and/or educated candidates to fill their roles. This growing challenge has made it difficult for business owners to develop…
Alternative transportation methods are growing in popularity across the world. Instead of owning or leasing vehicles, people are increasingly looking for ride-sharing and hailing services which can reduce the cost and responsibility associated with travel. These new trends have been gaining momentum for years, but have recently become common in urban areas with higher population…
One of the most exciting automotive technology trends happening in Canada and globally is the emergence of autonomous vehicles. Self-driving cars reduce involvement in the driving process; this helps eliminate accidents, lower fatigue and stress, and improves passenger productivity. It’s a disruptive trend that will impact automotive manufacturers and technology developers alike for the foreseeable…
For a several years, Ontario’s aerospace and aviation sector has experienced continuous growth despite emerging industry barriers, such as access to skilled labour. The province is home to some of the most prestigious aerospace companies; currently, the majority of the top 25 Canadian aerospace businesses are located in Ontario. The industry’s outlook is promising, however,…
The Bank of Canada’s quarterly Business Outlook Survey summarizes interviews between the bank and approximately 100 senior managers from businesses across Canada. Its purpose is to gather the perspectives of these businesses on topics such as demand, capacity pressures, and other economic indicators. The Summer 2017 Business Outlook Survey signalled that businesses are gaining strength…
Today, approximately 3,800 Ontario food and beverage processing companies provide crucial resources to both local and international consumers. The province continues to be an ideal location for business owners in the food and beverage industry based on access to natural resources, innovation, and skilled labour. In 2016, Ontario’s agriculture sector increased its total output by…
Smart, connected vehicles are transforming the global automotive industry. Consumers are now looking for technologically-advanced vehicles to support a ‘connected lifestyle’ where they can still be entertained, productive, and safe behind the wheel. Automotive manufacturers should take note of this shift and offer new valuable products or services to serve the connected vehicle market. There…