Investing in new productive assets and technology is critical to keep manufacturers competitive. Over 40% of manufacturers identify uncertain return on investment as the main reason why they are not investing in new technology. CME’s Technology Asessment Program helps companies understand what technologies are best suited for their needs and provides greater certainty on their investments.
WHY TECHNOLOGY ADOPTION
Manufacturers that invest in advanced technologies have a considerably better growth outlook than their non-adopting counterparts. They are more productive and more profitable. Despite this, based on recent CME research, Canadian companies are falling further behind their global competitors in technology adoption. This is largely driven by uncertainty over the benefit and the return on investment (ROI), according to our members.
Funding will be available beginning in April 2020.