When considering what foods to buy, more consumers are seeking products that cater to a balanced diet. In fact, when given the choice, 59% of consumers prefer to ‘eat clean’ and are more likely to purchase foods that are less processed. Today consumers are demanding greater access to whole foods such as fruits and vegetables,…
Guided by regulatory requirements and a shift in consumer preferences, electric vehicles are on the path to taking over global market share for new vehicle sales. While there are still many years ahead where internal combustion will reign supreme, the inevitable swing in market preference will eventually catch up. But when will this be? How…
As most business owners can agree, staying abreast of the latest top trends and consumer insights is crucial to success. Not only does this ensure that your business will stay ahead of competitors, but it also helps you prepare for the future and navigate industry-changing shifts with ease. Of course, pinpointing the most innovative ideas…
Automotive technologies are constantly improving to meet customer demand. The popularity of cutting-edge, technology-filled vehicles continues to increase across the world; therefore, automotive suppliers and technology developers must be willing to develop these systems. There are incredible opportunities for businesses who respond to growing interest for electric, autonomous, and connected vehicles. Canadian automotive companies should…
The future of electric vehicles (EVs) are becoming increasingly clear. Battery and engine technologies are being researched and developed at record pace; this has allowed global consumer demand to increase steadily. As more consumers begin to understand the technology and feel comfortable investing in electric vehicles, the market will become dominated by this trend. This…
New data released by Statistics Canada has shown that Ontario’s economy is strengthening, particularly in relation to employment. Although some metrics may fluctuate from month to month, contrasts to the same period last year (or even the last 10+ years) show some emerging trends all businesses should be aware of. In April 2017, Ontario’s unemployment…
Canada’s aerospace industry has been strong for decades, but new trends are transforming the industry and requiring aerospace manufacturers to be more proactive in their approach to growth. In 2015, Canada’s aerospace industry generated nearly $30 billion in revenues, of which 70% came from manufacturing – this marks an 11% increase between 2010 and 2015….
Since the notion of an ‘experience economy’ was first written about in 1998, the way businesses operate has changed. Forward-thinking businesses adapted their offering to include the staging of experiences, and in doing so, have driven revenues at an accelerated pace. In today’s economy, a memorable experience is much more valuable than any product or…
As spring approaches, business owners and executives should continue looking for growth opportunities in 2017 and beyond. A great way to stay up-to-date on current industry news and network with other thought leaders is by attending Ontario small business events. Industry focused events provide an outlet for professional networking and access to expert knowledge. Throughout…
The Canadian manufacturing industry is entering a technological revolution where significant challenges and opportunities will need to be addressed. This period will benefit some while displacing the need for others. As a result, manufacturers will need to be agile and make investments so that they can leverage strategic growth opportunities as they arise. PLANT Magazine’s…