Here is a brief look at the manufacturing sector for both Canada and the USA.

1. MANUFACTURING SECTOR –
ANALYSIS AND COMMENTARY
Paul Young CPA CGA
October 16, 2020

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Internal Controls
• SME – Financial Planning and Analysis
• SME – Business Strategy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. AGENDA
• USA Industrial Production
• USA Manufacturing
• Canada Manufacturing
• Global Manufacturing
• Technology / Manufacturing
• Key areas / recovery
• What’s next

4. USA INDUSTRIAL
PRODUCTION
Source -
https://economics.bmo.com/en/publications/detai
l/1df924f9-6269-4825-b558-5c1601a1d71e/ or
https://tradingeconomics.com/united-
states/business-confidence
PMI – Index – USA

5. USA
MANUFACTURING
Source -
https://www.reuters.com/article
/us-usa-economy-
manufacturing/u-s-
manufacturing-activity-near-1-
1-2-year-high-factory-job-
losses-persist-idUSKCN24Z1TO

6. UNITED STATES MANUFACTURING –
AUGUST 2020
• USA MFG Employment https://www.industryweek.com/the-
economy/competitiveness/article/22001153/can-us-manufacturing-be-made-great-again
• PMI - https://www.mql5.com/en/economic-calendar/united-states/ism-manufacturing-pmi
• MFG / September 2020 - https://www.reuters.com/article/us-usa-economy-manufacturing-idUSKBN26M6FT

7. CANADA MANUFACTURING
Source – Stats Canada - https://www150.statcan.gc.ca/n1/daily-quotidien/201016/dq201016b-
eng.htm

8. GLOBAL
MANUFACTURING
Source -
https://www.industryweek.com
/the-
economy/article/22028530/glo
bal-manufacturing-contracts-
for-a-sixth-straight-month or
https://www.reuters.com/article
/us-global-economy/strain-on-
global-manufacturing-eases-
as-euro-zone-returns-to-
growth-idUSKBN24Z09D

9. TECHNOLOGY /
MANUFACTURING
• AI – Strong CAGR -
https://www.prnewswire.com/news-
releases/global-ai-in-manufacturing-market-2020-
2026-covid-19s-impact-on-the-industry-and-
future-projections-301108396.html
• AI being used to augment workers to support
manufacturing output -
https://www.themanufacturer.com/articles/60-of-
ai-powered-manufacturers-are-using-it-to-
support-workers/
• RPA is being used to support manufacturing -
https://whitelightgrp.com/2020/07/18/how-
manufacturers-are-leveraging-rpa-to-drive-
growth-and-efficiency/
• IBM Analytics / AI -
https://www.ibm.com/blogs/client-voices/ai-visual-
insights-drive-manufacturing-efficiency/

10. KEY AREAS
OF
RECOVERY
• Reshoring of medical equipment and supplies -
https://www.industryweek.com/supply-chain/article/21139479/rethinking-
the-supply-chain-during-covid19
• Expansion of healthcare related products -
https://www.canadianmanufacturing.com/regulation/economic-recovery-and-
business-growth-opportunity-identified-in-new-canadian-industry-sector-report-
260366/
• Demand for plastics -
https://www.houstonchronicle.com/business/energy/article/Petrochemicals-
industry-could-face-peak-demand-15544358.php
• Locally-made products - https://www.usw.ca/news/media-
centre/releases/2020/governments-could-stop-layoffs-at-evraz-steel
• Home renovations / tax credits - https://www.bnnbloomberg.ca/canadian-
home-reno-spending-hit-80b-in-2019-outpacing-overall-economy-
1.1478045
• More emphasis on skills trades -
https://www.slideshare.net/paulyoungcga/human-capital-management-of-
existing-and-future-employees
• Global Economy - https://www.slideshare.net/paulyoungcga/what-is-next-
for-the-global-economy-october-2020
• Many manufacturers have been moving towards zero-waste. More tax
policies need to be geared to support companies going to zero waste -
https://www.slideshare.net/paulyoungcga/how-to-best-support-a-circular-
economy

11. WHAT’S NEXT
• Countries around the world will need to refocus on critical areas of supply chain management -
https://www.slideshare.net/paulyoungcga/tranformation-of-supply-chains
• There are vulnerability to economic recovery from COVID19, i.e. low oil prices, high debt levels, risky
green deals, and job quality - https://www.slideshare.net/paulyoungcga/global-economy-current-state-
and-whats-next
• Small businesses continue to struggle the longer restrictions are placed on their businesses -
https://www.slideshare.net/paulyoungcga/survival-or-collapse-small-business
• Government needs to restructure its social, tax, economic and other policies -
https://www.slideshare.net/paulyoungcga/fiscal-management-debt-and-deficits-canada or
https://www.slideshare.net/paulyoungcga/fiscal-and-economic-management-state-and-local-
government-united-states