TR Cutler, Inc.
www.trcutlerinc.com
Thomas Cutler
trcutler@trcutlerinc.com
888-902-0300
- Related Videos
- Related Articles
- Related Q&A
Canadian Metalworking Production & Purchasing Features TR Cutler’s Take on Emerging Markets
Despite the perils of paint tainted with lead in children’s toys, and poison in pet food products, the power of profit entices Canadian manufacturers into emerging markets which offer attractive growth opportunities. Fear, inexperience, and lack of a quality process control, causes less than one quarter of Canadian companies to enter the significant market potential of China, India, Russia, and South America. When functioning at the global level Canadian manufacturing companies can expect much higher revenue growth when taking advantage of emerging markets, according to leading industrial journalist TR Cutler, in the current issue of Metalworking Production and Purchasing in an article titled, “Productivity, profit primary motivators for entering emerging markets.”
Canadian productivity level, which measures the amount of resources required to produce a product is stagnating. Increases in capital, labor, and raw materials produce barely any additional output. For the past five years, the output per hour in the Canadian business sector grew only 1% annually, down from 2.4 % in the previous five years. Canada has lost ground to international competition. Canadian business productivity is slipping relative to many members of the Organization for Economic Co-operation and Development (OECD). Four decades ago Canada was ranked third, today 17th. The public and private sectors might work together on a productivity agenda that might include reduction in the federal debt-to-GDP ratio; elimination of inter-provincial trade barriers; removal of foreign ownership restrictions in key sectors; cutting the tax rate on capital; aligning immigration and economic objectives; greater investments in infrastructure, education and knowledge-based industries. Whether some or all of these productivity efforts transpire, profitability drives current free market capitalism.
The cost of materials and labor required to manufacture products tends to be far lower than in developed markets and the populations of the emerging markets represent significant revenue-earning potential, provided the manufacturer can adapt its product offering to the realities of that local market. It is difficult to ignore an Indian and Chinese population of more than two billion, seven times larger than all of North America. Ignoring these markets represent a significant missed opportunity for Canadian manufacturers.
Competition from international manufacturers working in emerging markets and exporting their goods to Canada creates a dramatic trade imbalance if these markets are ignored as global clientele. Thanks to the recent strengthening of the Canadian dollar, Canadian manufacturers could achieve a big boost in profitability. Most Canadian businesses are unprepared to deal with the rise of China as an economic power, according to a new study of manufacturers and exporters. Just over one third of the companies surveyed are already doing business with China, the majority of them with less than three years’ experience.
Ranked as the nation’s leading manufacturing journalist and an editor for more than 300 publications, TR Cutler, Inc. President & CEO Thomas R. Cutler, (www.trcutlerinc.com) has issued a PR Checklist for manufacturers. TR Cutler, Inc. was founded almost a decade ago. Cutler maintains extraordinary relationships with clients, journalists, editors, trendsetters, and key business leaders worldwide and has become a key resource for those writing about the manufacturing sector.
Cutler founded the Manufacturing Media Consortium™ in the 90's. This extraordinary group of more than 3000 journalists worldwide is writing about trends, data, case studies, profiles, and features in the manufacturing and industrial sector. Cutler has worked with thousands of media outlets to expand manufacturing media coverage.
Cutler has authored more than 2,000 articles for a wide range of manufacturing periodicals, industrial publications, and business journals including most of the leading monthly trade publications.
No Website? You Can Still Make Money Online
By: Rick Eriksen | 08/01/2009Do you want to make money online? There are some easy ways to make money online without having to know anything about html or even building a website. There are a few simple steps you should follow, but it does require some work. There is no such way to make...
Make Money From Home by Taking High Paying Surveys, No Scams Here!
By: Brett Barrington | 07/01/2009With the economy how it is, and the unemployment rate rising, everyone seems to be looking elsewhere for money. Well guess what, the internet is probably the biggest business in the world. There are many ways to make money, but a very solid way is to take surveys. I wil...
Make Money Work From Home - Tips For Avoiding a Scam
By: Kelly Heldreth | 07/01/2009Today you'll find that there are many great opportunities out there to make money working from home. However, along with some great opportunities, you'll find that there are many scams out there as well. While the opportunity to make money online is indeed a great one, you will find that...
Some Reasons for the Financial Crisis
By: Brown | 07/01/2009Socialism is a form of collectivism where the government controls what would otherwise be private property ostensibly for the good of society and usually for the purpose of promoting equality.
Why Saying Positive Affirmations Can be a Business Liability
By: Susan L Reid | 07/01/2009Ever wonder what's wrong with the touchy-feely advice that's so popular now-a-days telling people to stay positive, say affirmations, and just think good thoughts? Done correctly, positive affirmations can be a valuable ingredient for your business success. By following these three guidelines, you'll soon be on you way to using affirmations correctly and turning them from a business liability into a business asset.
A Best-practice Blueprint for Banishing "burning Hassles"
By: Adele Sommers | 07/01/2009Your organization may be experiencing "burning hassles" -- the sometimes hidden and sometimes obvious obstacles and sinkholes that keep people from performing ideally and dissolve morale, productivity, and customer satisfaction. This article provides the step-by-step, "how-to" formula for detecting and resolving hassles once and for all.
Coaching at Work: are There Different Kinds of Coaching?
By: Matt Somers | 07/01/2009The coaching literature is awash with articles on the differences between coaching and other methods of Human Resource Development and on different types of coaching. Indeed I have written many of them myself! This article is my attempt at providing a succinct yet useful summary.
Distinguishing Between Long and Short Term Goals
By: John Reiling | 07/01/2009In these lean times, cutbacks, scarcity of funding, and the need to streamline are symptoms of a tough environment. However, many of these management practices should really be occurring in both good times and bad. In portfolio management, especially, it is important to manage a healthy balance between short term and long term considerations.
Tracegains to Attend the Northwest Food Manufacturing & Packaging Convention and Exposition
By: Thomas Cutler | 07/01/2009 | SoftwareTraceGains to Attend the Northwest Food Manufacturing & Packaging Convention and Exposition
Statistical Process Control Blog by Hertzler Systems Has Large Following
By: Thomas Cutler | 07/01/2009 | SoftwareStatistical Process Control Blog by Hertzler Systems Has Large Following
Reusable Ibc Totes Add to Container Exchanger Offering
By: Thomas Cutler | 07/01/2009 | Small BusinessReusable IBC Totes Add to Container Exchanger Offering
Thomas R. Cutler Manufacturing Journalist Joins Sabew
By: Thomas Cutler | 06/01/2009 | Press ReleasesThomas R. Cutler Manufacturing Journalist Joins SABEW
Container Exchanger Shows Value of Reusable Plastic Pallets
By: Thomas Cutler | 06/01/2009 | Small BusinessContainer Exchanger Shows Value of Reusable Plastic Pallets
E-learning Profiled by Manufacturing Journalist Tr Cutler
By: Thomas Cutler | 05/01/2009 | Press Releasese-Learning Profiled by Manufacturing Journalist TR Cutler
Qc Software and Direct Selling Warehouse Issues Focus of Automation.com Feature Article
By: Thomas Cutler | 05/01/2009 | SoftwareQC Software and Direct Selling Warehouse Issues Focus of Automation.com Feature Article
Manufacturing & Technology Ejournal Profiles Six Sigma and Spc in the Midwest
By: Thomas Cutler | 05/01/2009 | SoftwareManufacturing & Technology eJournal Profiles Six Sigma and SPC in the Midwest