Here is my look at manufacturing

1. Manufacturing
Sector – Canada
– September
2023
Senior Customer Success Manager (Data
and AI), Business and Data Strategist
Paul Young CPA CGA
September 15, 2023

2. Senior Customer Success Manager –
Data and AI
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – ESG and Sustainability Policy Development and
Reporting
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga

3. Agenda
• Canada Manufacturing Sales Analysis
• Canada PMI Index
• Producer Price Index
• Raw Materials Price Index
• Manufacturing / Subsidies
• ESG
• Demand Planning and Forecasting
• Analysis / Planning Analytics Workspace
3

4. Canada Manufacturing Sales
4
Source – Stats Canada

5. Canada Manufacturing Sales
5
Source – Stats Canada

6. Canada Manufacturing Sales
6
Source – Stats Canada

7. Canada Manufacturing Sales
7
Source – Stats Canada

8. Canada Manufacturing Sales
8
Source – Stats Canada

9. Canada PMI
Source -https://www.fxempire.com/macro/canada/manufacturing-pmi 9

10. Commodities
10

11. Produce Price Index / June 2023
11

12. Raw Materials Price Index
12

13. Manufacturing / Subsidies
13
Blog - Manufacturing Growth Is Strong. So Why Are We Subsidizing It - https://www.linkedin.com/posts/paul-young-
055632b_manufacturing-growth-is-strong-so-why-are-activity-7085584870583779331-
DZOF?utm_source=share&utm_medium=member_desktop
“In 2020, the US generated 2.4 times more value-added in manufacturing than China.”
A loss of manufacturing jobs and a declining share of manufacturing in affluent western economies, both real and
painful, have etched a deep impression in public perception that manufacturing in the West is in trouble. For some
politicians, protecting domestic manufacturing has become a rallying cry. It is a rare issue where President Biden
and former President Trump seem to align. Enthusiastic advocates are calling for new subsidies, tax breaks, tariffs,
regulations, and other measures. Before jumping into action, however, it would be good to examine exactly how dire
the situation is.

14. ESG and the Professional Accountant
14
Blog – The role of Professional Accountant with ESG adoption - https://www.linkedin.com/posts/paul-young-055632b_4-aicpa-
cima-leaders-discuss-global-sustainability-activity-7085472012382474240-
hNFX?utm_source=share&utm_medium=member_desktop
https://www.fm-magazine.com/news/2023/jul/4-aicpa-cima-leaders-discuss-global-sustainability-standards.html
“"Companies are an integral part of society, and their ability to generate cash over the short, medium, and long term is
inextricably linked to their access to resources and relationships throughout their value chain," he said. "Finance professionals
will need to account for how these resources and relationships are being managed.
"Companies must make connections between their sustainability-related financial disclosures and their financial performance. The
CFO and his or her team will be at the forefront of forging these connections."
I will also add it is not just companies but also the public sector that will also need to adopt ESG policies and reporting.
There are few challenges with implementing ESG, and it starts with policy development and data management. Establishing the
key metrics and how often those metrics are updated will be part of the overall data management architecture for ESG reporting
and compliance.

15. Demand Planning and Forecasting
15

16. Predictable Demand Forecasting
16

17. Planning Analytics Workspace
17

18. What is next for Canadian Manufacturing
• The manufacturing sector in Canada will continue to face many challenges.
18
Blog – Analysis and Commentary – Manufacturing – Canada – July 2023
Summary:
 Prior was -1.7% (revised to -2.0%)
 Inventories -0.7%
 Inventory to sales 1.74 vs 1.70 prior
 Unfilled orders -1.0%
 Capacity utilization 77.6% vs 80.8% prior
Canadian manufacturing sales increased 1.6% to $71.9 billion in July, led primarily by higher
sales of food products (+3.1%), petroleum and coal products (+4.6%) and transportation
equipment (+2.4%). Meanwhile, sales of paper (-4.6%) and plastics and rubber (-3.4%) products
decreased the most.
The numbers point to a slowdown.
Source – https://www.forexlive.com/news/canada-july-manufacturing-sales-16-vs-07-expected-
20230915/
Other sources and links:
Algoma - https://www.theglobeandmail.com/investing/markets/stocks/ASTL-
Q/pressreleases/20212887/algoma-steel-issues-inaugural-annual-esg-report/
Risks - https://reciprocity.com/blog/top-10-risks-faced-by-the-manufacturing-industry/
Forestry - https://globalnews.ca/news/9962398/new-facility-canfor-houston-bc/
Mining - https://news.gov.bc.ca/factsheets/new-government-actions-will-help-bcs-mining-sector-thrive
GDP - https://thoughtleadership.rbc.com/canadas-economic-engine-is-gearing-down/
Steel Production - https://www.steelorbis.com/steel-news/latest-news/us-raw-steel-production-down-
05-percent-week-on-week-1305684.htm or
Food costs - https://www.linkedin.com/pulse/challenges-addressing-high-food-costs-all-levels-
government-young
Steel Production.pdf Top Rkisks and
Manufacturing.pdf
Canada July
manufacturing sales +1.6% vs +0.7% expected.pdf
canfor and houston
mill.pdf
mining.pdf RBC and GDP.pdf