Many Canadian business leaders understand this is not the time for business as usual. There’s a need for immediate action, but no quick fixes. Our 28th Global CEO Survey, while conducted before the full possibility of US trade actions against Canada became apparent, found a growing recognition among respondents of the urgency to invest in long-term competitiveness and productivity growth. In the last five years, 60% of Canadian CEOs have taken a least one significant action to reinvent their businesses. This can include expanding into new markets, acquisitions, shifting production to other countries and adjusting product portfolios.
It’s unclear how long these trade measures will last. But by combining the right strategy, structure, culture and technology, organizations can reimagine how they create, deliver and capture value, helping them lead through disruption.
Our highly connected teams across Canada, the US and Mexico are collaborating to help companies manage their immediate challenges and prepare for what’s next. Many companies are discovering that tariff adjustments can lead to significant cost increases across their supply chain. Our proprietary Tariff Impact Assessment (TIA) tool can quantify the exact dollar exposure of potential tariffs specific to your organization as part of a comprehensive scenario analysis. This tool can uncover hidden risks and opportunities, providing a clear picture of potential costs and strategies to mitigate risks. We’re combining our TIA tool and other technologies with our deep industry knowledge and specializations in tax, trade, corporate structuring, deals, data and economics to create an integrated approach that helps organizations navigate the uncertain times ahead.
We’ve created our Tariffs and Trade Policy Resource Centre to provide businesses with materials and insights to help assess and manage the impact of new tariffs across North America. Read our articles and analysis below or reach out to our team to discuss how companies can navigate the changes ahead.
PwC Canada Industrial Manufacturing and Automotive Sector Lead , PwC Canada
Tel: +1 416 320 8175
National Leader of Economics & Policy Practice, PwC Canada
Tel: +1 416 520 5859