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Advanced Manufacturing Sector Challenges Discussion
Jun 28, 2024
Lecture Notes: Discussion on Advanced Manufacturing Sector Challenges
Introduction
Purpose
: Discuss challenges and opportunities in the advanced manufacturing sector.
Host
: Jason, located in Northwest Territories.
Participants
: Eclectic group of business leaders.
Focus
: Supply chain issues, value creation, innovation, and international partnerships.
Current Major Challenges
General
Supply chain disruptions: Conflict in Ukraine, trade tensions, demographic changes, and logistics bottlenecks.
Transition from supply chains to value chains: Involves innovation and partnerships.
Individual Perspectives
Kevin Fernandez, Macrodyne
Company
: Largest hydraulic press manufacturer in North America.
Challenges
: Disruptions in electronics and robotics supply; capital goods infrastructure issues.
David McNaughton, Palantir Technologies
Company
: Focuses on real-time data integration for complex supply chains.
Challenges
: Lack of data from supplier’s suppliers; geopolitical and logistical disruptions.
Solutions
: Better understanding of supply chain complexities through data aggregation.
Barry Hunt, Prescient
Company
: Engineer infection prevention technologies and PPE production.
Opportunities
: Increase domestic production of critical products like PPE.
Challenges
: Regulatory restrictions, labor shortages, and ongoing healthcare impacts like long COVID.
Louis Antoine, DeepSight
Company
: Develops AR software for knowledge management in manufacturing.
Focus
: Addressing labor and skill shortages.
Gary, CarboCrete
Company
: Cement-free concrete producer.
Opportunities
: Carbon-negative products and leveraging slag and CO2 injection.
Challenges
: Supply chain issues and skilled manpower shortage.
Eric, Saskatchewan Industrial Mining Suppliers Association
Focus
: Supply chain constraints and opportunities in mining and nuclear fuel sectors.
Challenges
: Labor shortages and high transport costs.
Mitch, Mosaic Manufacturing
Company
: Develops 3D printing solutions for factory floors.
Challenges
: Scaling production and overcoming early adopter risk for customers.
Opportunities
: Reduce manufacturing costs and lead times through parallelization and automation.
Billy Rideout, Exergy
Focus
: Additive manufacturing and supply chain resilience in heavy industry.
Challenges
: Capital-intensive installations; ensuring reliable parts supply.
Sean
Role
: Works with smaller companies to help them grow and manage their businesses.
Challenges
: High costs associated with nearshoring and labor shortages.
Future Prospects and Strategies
Onshoring and Nearshoring
Data Insight
: Onshoring hasn't yet significantly changed import figures for Canada.
David’s Perspective
: Long-term opportunities for Canada despite protectionist U.S. policies.
Barry’s Insights
: Importance of procurement and collaboration between government and industry.
Specific Opportunities
Louis Antoine’s Perspective
: Shift in vocational training to just-in-time training using advanced tech.
Gary’s Focus
: Great potential for carbon-negative products, looking at both old and new solutions for supply issues.
Eric’s Perspective
: Canadian resources and minerals as strategic advantages.
General Consensus
: Canada's unique advantages in resources, talent, and geopolitical stability.
Conclusion
Call to Action
: Continued collaboration among industry, government, and academia essential to leveraging opportunities.
Networking & Next Steps
: Encouraged mutual follow-ups and leveraging the discussed opportunities.
📄
Full transcript