In spite of the uncertain fate of NAFTA, the world’s largest free-trade agreement between Canada, the United States, and Mexico, Canada’s tech sector continues to thrive. Some may point to the nation’s favourable immigration policies used to attract highly-skilled foreign workers, while others point to factors like infrastructure, political stability, or a favourable taxation climate as primary reasons for this boon. Whatever the case may be, Canada is becoming a world leader in tech.
PROFIT 500 list ranks Canada’s fastest growing companies in terms of revenue. Rankings are carefully allotted based on a company’s performance over the last five years, and are organized by industry and geographical location. While a cursory glance gives you an insight into some viable investment options, a deeper look solidifies that Canada’s tech sector shows no signs of slowing down.
For instance, the Canadian automation firm Absolute Industrial Automation ranked #123 on 2017’s PROFIT 500 list, and has reported a growth of nearly 600% in the last five years.
Trends in Canada’s manufacturing industries
Despite the decline Canada has seen in its manufacturing industries over the last decades, the trend is now shifting because of the rise of automation technologies. Why is this? Thanks to advances in automation technology, manufacturers can now produce the goods much affordably and efficiently in domestic plants. Here are some additional trends that’s happening in this industry:
Many Canadian businesses are committed to branding themselves as "Made in Canada." Although many companies make use of global suppliers and supply chains, the final assembly stage of the manufacturing process is completed domestically. And this process requires a great deal of automation technology and relevant operator skills.
JIT (just in time) manufacturing
JIT used to be found largely in the automaking industry only. As Canadian manufacturers look to operate leaner and efficient assembly lines, many companies are applying JIT to their manufacturing process. These means that in addition to qualified automation machine operators, there’s a demand for those with the ability to build and deploy JIT logistical systems to work cohesively with automation technology.
Automation technology doesn’t only exist on the factory floor. Canada’s agricultural industry in Canada has quickly and quietly become one of the most advanced in the world. As a global producer of consumables, Canada already employs a vast fleet of automatic harvesting and cultivating equipment. This presents unique and secure job opportunities for the automation operator.
A growing workforce
To someone currently working in the manufacturing sector in Canada, the words “automated production” might cause some alarm. And while it’s true that facilities that convert their operations to employ more automation require fewer hands-on employees, automation is responsible for creating a number of new and exciting career paths within the industry.
Whether you’re already working in the manufacturing or are choosing a new career path, it’s worth building your skills for a rising industry in automation. For instance, an industrial automation training course equips you with the tools and skillsets you need to be competitive in an increasingly automated industry.
Thanks to automation and advanced technology, Canada’s economy will continue to thrive over the next decades.