AEROSPACE. A SOARING OPPORTUNITY.
Canada finished first in the G7 with a 6.5 percentage point cost advantage over the U.S. – making a huge difference to your bottom line. These are findings from the Competitive Alternatives: KPMG’s Guide to International Business Costs, 2006 edition which provides a comprehensive analysis of aerospace production costs in nine countries and 128 cities in North America, Europe and Asia-Pacific. A major global player, Canada’s aerospace sector has tripled its share of world production in the past 25 years, growing to more than 400 companies and investing Cdn$1 billion in research and development.
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KPMG’s aerospace model focussed on a business operation manufacturing aircraft parts and other aerospace products requiring a workforce of primarily skilled technicians and operators.
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THE BOTTOM LINE:
- Canada ranks No. 1 in the G7 as the most cost-competitive investment location in the aerospace sector.
- Canada’s strength in the aerospace sector is further complemented by the country’s No. 1 G7 rank in precision manufacturing and electronic sectors.
- Canada offers the lowest labour and benefits costs in the G7, with a more than 13 percent advantage over the U.S.
- Seven Canadian cities rank among the top 10 most cost-competitive G7 locations with Sherbrooke, Charlottetown, Moncton, Halifax and Quebec City in the top five.
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LOW-COST HOT SPOTS
1. Sherbrooke
2. Charlottetown
3. Moncton
4. Halifax
5. Quebec City
6. St. John’s
7. Montreal
8. Winnipeg
9. Waterloo Region
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