Manufacturing Excellence Forum - BC
EMC's Manufacturing Excellence Forum, held in Surrey, BC on October 9, 2024, focused on key issues, opportunities, and updates within the British Columbia manufacturing sector. It began with an overview of EMC's role as an organization supporting over 1,800 manufacturing firms across BC.
EMC President, JP Giroux, highlighted current challenges such as skills and labor shortages, rising costs, and the need for advanced manufacturing adoption. He also emphasized the economic contribution of the manufacturing sector in BC, its growth trajectory, and the importance of investments in upskilling through programs like the BC Youth in Manufacturing Initiative and other wage subsidy programs that EMC offers. Additionally, his presentation outlined the significance of industry collaboration, and the role of initiatives aimed at improving productivity, digitalization, and clean technology adoption. The session concluded with discussions on future trends and strategies to ensure competitiveness in the evolving global market.
The key takeaways from the Manufacturing Excellence Forum were:
Importance of Collaboration and Support: EMC emphasized its role in fostering collaboration within the manufacturing community, supporting over 1,800 manufacturing companies in BC through knowledge sharing, training, and industry-driven resources.
Skills and Labor Shortages: One of the top challenges identified is the ongoing skills gap and labor shortages. Addressing these challenges is crucial for the sector's growth, making upskilling programs vital.
Economic Contributions and Growth: Manufacturing plays a significant role in BC’s economy, contributing 6.17% to the province's GDP and employing over 175,000 residents. Sales are projected to grow, reaching $57 billion in 2024, driven by demand for cleaner technologies and exports.
Need for Advanced Manufacturing and Digitalization: The presentation highlighted the necessity of adopting advanced manufacturing processes, including automation, digitalization, and clean technologies, to remain competitive and resilient in a dynamic global market.
Financial Incentives and Training Support: EMC's programs have provided significant financial support to BC manufacturers, including $202,600 through the BC Youth in Manufacturing Initiative and $3.7 million through the WILWorks post secondary program. Upskill Canada has also contributed over $70,000 in upskilling / learning initiatives, helping companies adapt to new industry needs.
Emerging Trends and Strategic Focus Areas: Key trends for the next few years include managing energy costs, adapting to regulatory changes related to the low-carbon economy, and focusing on market expansion. Manufacturers are also preparing for changes in customer expectations and advancing their workforce capabilities.
Future Strategies for Competitiveness: To stay competitive, BC manufacturers are encouraged to focus on cost control, continuous improvement, innovation, and building a strong workforce. These elements are key for adapting to the evolving landscape and maintaining growth.
Special Thanks!
- Simon Fraser University, School of Mechatronics
- Invest Surrey
- Surrey Board of Trade
- Delta Controls
- TLC Solutions
- Ballistic Arts
- BDC