The ability for a business to compete on a global economic level is important in building a sustainable economy in a particular region with which a company operates.
Kryton International Inc. and many other international businesses that operate with a head office out of British Columbia are experiencing many competitive challenges of a global economy, as is all of Canada.
In an effort to spread awareness regarding competitive challenges using examples from businesses and company leaders in the region, BC leaders have been sharing their point of views in BC Chamber of Commerce hosted roundtable discussions across the province, with the next in Nanaimo on Wednesday, September 17th.
For almost 30 years, Canada has been losing its competitive edge, lagging behind the United States and most OECD countries. On Tuesday of this week we slipped another notch to rank 15th on the World Economic Forum’s annual list of most competitive countries, down from 9th place in 2009. In a recent report from the Conference Board of Canada, British Columbia received a “D” in productivity and competitiveness compared to other economies worldwide and ranked 7th when compared to the other provinces in Canada.
The Nanaimo roundtable discussion will feature three presentations, including Kryton’s President & CEO Kari Yuers, on competitiveness drawing upon their extensive business knowledge and experience. Specifically, Kari will be touching on why competiveness is important for Kryton, as well as other industries.
After the presentations, a discussion will breakout amongst the event goers in order to delve further into the challenges faced and how to improve productivity in a business to overcome the disadvantages placed in the market.
This Nanaimo session will be the sixth of eight forums held in BC, with the first five proving valuable.
The Business Leaders’ Regional Roundtable Discussion will take place in Nanaimo from 1-4 p.m. on Wednesday, September 17th.