Current state and future prospects in a Canada’s automotive industry.
The 20th annual Global Automotive Executive Survey (GAES) looks at the state of the automotive industry as it enters a phase of restructuring and change as a whole, both in Canada and around the world. This year's survey showed that a shift in the industry is imminent and that key players will need to build on core competencies while defining a new role for themselves beyond traditional expertise.
As new trends, economic shifts, trade issues, and technological advances come into focus for Canada's auto industry, more challenges and opportunities lie ahead. No doubt, we have reached an inflection point. It's a fork in the road formed by both domestic and international factors, cross-border tariffs, customer trends, and trade challenges south of our border. These factors combined are influencing how car makers respond to market demands and reshaping the roles that both original equipment manufacturers (OEMs) and their suppliers play within an ever-evolving supply chain.
To bolster Canada's position in the global automotive space, OEMs, suppliers, and auto-tech innovators must demonstrate their agility and ability to set the standard for industry innovation.
Download The State of Canada's Auto Sector: Recalculating the Route Ahead to find out how we can push forward.
For further details, visit the interactive platform for KPMG's Global Automotive Executive Survey at kpmg.com/GAES2019.