According to Statistics Canada, the manufacturing sector is expected to experience a moderate decline in employment rates by 2024, with a focus on upskilling and reskilling workers.
The Conference Board of Canada forecasts a 2% decrease in manufacturing employment by 2024, citing global economic uncertainty and technological advancements as key factors.
The Institute for Economic Development and Management predicts that Canada's manufacturing sector will shift towards high-tech and innovative industries by 2024, creating new job opportunities in fields like clean technology.
Monster Canada reports that while overall manufacturing employment may decline, certain provinces like Ontario and Quebec are expected to experience growth in the sector by 2024, driven by investments in automotive and aerospace manufacturing.
Canadian Manufacturers & Exporters highlights the need for manufacturers to invest in worker training and upskilling to remain competitive by 2024, with a focus on emerging technologies like AI and robotics.
Indeed Canada notes that the manufacturing job market is expected to become increasingly competitive by 2024, with a growing demand for skilled workers in areas like supply chain management and quality control.
A video by the Canadian Broadcasting Corporation explores the future of manufacturing in Canada, featuring expert insights on the impact of automation, trade policies, and shifting consumer demand on employment outlook by 2024.
PwC Canada releases a report on the manufacturing employment outlook for 2024, emphasizing the importance of digital transformation, innovation, and strategic workforce planning for manufacturers to remain competitive in a rapidly changing market.