Digital media developers often struggle to grow their businesses internationally. This missed opportunity can significantly limit revenues and reduce future growth potential; however, government incentives exist to help remove international market barriers. Organizations such as the Ontario Creates (formerly OMDC) provide access to government funding to offset expenses to improve the viability of export market…
Toronto-based businesses have a phenomenal opportunity when it comes to exporting products internationally. There are government funding programs and other resources available to companies of all sizes and industries; the key is knowing how to access them. Many of the hurdles businesses must face to export their products globally can be minimized through the development…
Approaching the end of an uninspiring 2016, Canadian export confidence slipped to its lowest recorded point since Fall 2012. This decline make sense; in a year marked by Mexico’s overtaking as the United States’ #2 exporter and the election of Donald Trump, Canadian businesses are waiting cautiously to see what the future brings. The Trade…
The Canadian Digital Media Network’s CDMN Soft Landing program allows startups and small and mid-sized businesses to access new markets, collaborate with international partners, and improve global sales at reduced cost. Eligible export expansion initiatives may receive up to $4,000 in reimbursable expenses for projects lasting up to three months. CDMN Soft Landing will cover…
2016 wasn’t a great year for Canadian exports destined for the United States. In fact, Canadian exports decreased by 7.7%, despite a relatively low dollar value that should have increased competitiveness. Canadian exports to the U.S. have suffered a decline since early in 2015 while other top American trade partners (China, Mexico) have remained much…
Developing international markets is an imperative strategy for any business who is seeking to drive revenues and become globally competitive. Although it can be expensive and risky to act on an expansion plan, doing so can lead to a range of benefits such as generating substantially higher revenues, developing a more reliable value chain, and…
Ontario’s economic health is largely affected by manufacturing exports. In 2015, Ontario manufacturers generated nearly $290 billion in revenue; approximately $197 billion of this was from international customers. Manufacturers who export their products play a valuable role in boosting the province’s economy, from creating high value jobs to generating wealth that fuels future investments. But…
Disclaimer: This article does not endorse either political party or presidential nominee. Today is the American presidential election. We’ll soon know who the next leader of the United States is, and with that knowledge, we can begin looking at the new administration’s incoming changes. Yesterday’s blog reviewed Trump’s platform; and in an effort to analyze…
Most Canadians share an inaccurate, out-of-date view of how businesses grow and succeed in international markets. Gone are the days where businesses manufactured products in Canada and shipped them internationally; now companies must extend beyond borders and become part of an integrated international value chain. Traditional trade measurements fail to recognize is the effect that…
Ferrero International is the world’s third-largest manufacturer and distributor of confectionary goods. The company, best known for their chocolate treats, has an expansive network of 22 manufacturing facilities worldwide including Canadian operations in Brantford, Ontario. Ferrero Rocher, Nutella, Tic Tac, and Kinder Surprise are just some of the products made there. The company’s Canadian subsidiary,…