Industry Lens: Food Manufacturing—September 2022
The Conference Board of Canada,
September 16, 2022
This report examines the short-and medium-term economic and profitability outlook for Canada’s food manufacturing industry.
- The industry has increased capacity substantially over the last 10 years, with capacity growing by more than nearly all other manufacturing industries over that period.
- The outlook remains strong, but profit margins will face difficulties over the next year as companies struggle to pass on higher input costs to customers.
- Exports have become an ever more important part of the industry’s performance, a trend we expect will continue.