SUBSCRIBE | EXPAND | HOME | QUARTERLY

Posted Tuesday October 8, 2019


___________________________
Markets

Made in Canada Reports on Consumer Demand for Canadian Products

"Quality" Canadian brands need more visibility online, product availability; 96% of international consumers surveyed have a favourable view of Canada; Awareness of Canadian products is strong abroad, especially among younger groups; Lack of availability makes it difficult for overseas consumers to choose Canadian brands.

There is an opportunity for retailers in overseas markets to capitalize on increased consumer demand for Canadian brands and products and increase sales. While 71.5% of Canadian exports went to the United States in 2018, consumer demands are increasingly coming from elsewhere. In a report released today, PwC Canada conducted a survey of 3,521 consumers in seven key countries—Australia, France, Germany, Italy, Japan, Mexico and the United Kingdom—on their perceptions of Canada and Canadian goods and brands.

"Consumers in overseas markets aren't necessarily familiar with Canadian companies. If a brand isn't doing enough to identify themselves as Canadian, a customer might recognize a brand name without realizing it's Canadian," said Anita McOuat, PwC Canada's National Leader, Technology, Media & Telecom (TMT) and Consumer Markets. "The positive traits associated with being Canadian like trustworthiness, reliability and quality have created a halo effect for Canadian goods. That's an easy shorthand for brands entering into new markets."

Digital channels are increasing brand awareness
In many cases, a digital approach will be at the heart of establishing a presence in international markets, followed by careful and gradual expansion to other channels as those efforts produce results. More than ever before, people are becoming familiar with Canada via digital channels. Two-thirds of respondents were at least generally aware of Canadian products, and awareness tended to be significantly higher amongst younger generations who are more active on digital channels. Overall, 96% of respondents held a positive view of Canada. Of those surveyed, 40% say they've visited Canada and only 4% said they had no interest in ever coming to this country.

72% of respondents report having bought Canadian products
At the top of the product categories, 89% believe Canadian furniture and home goods to be of the same or better quality, while 88% said the same for food and beverages. Across all product categories, respondents pointed to a greater likelihood to buy Canadian goods in the future.

Partnerships bringing Canadian brands into new markets
The top barrier to purchasing Canadian goods, by a wide margin, was that Canadian products aren't available in their country. According to the Made in Canada report, the current geopolitical environment makes it an ideal time to take a look at readiness for international expansion.

"Canadian brands should look at partnerships with distributors as well as local and national retailers. Many customers prefer buying Canadian goods through a local or national retailer, so making sure the retailer has consistent availability and supply is key to effective international expansion," said Myles Gooding, PwC Canada's National Retail & Consumer Leader.

On the financial side, structuring operations in a way that minimizes tax burdens and maximizes the return of earnings to Canada is an important part of keeping revenues in Canada.











exchangemagazine.com is distributed twice weekly; Tuesday and Thursday


Not a Subscriber? Receive more articles on business issues
Sent directly to your email in-box.


contact us

Publisher is Exchange Business Communication Inc.
No part of this article may be reproduced without written permission from the publisher.
Email Publisher

ISSN 0824-45
Copyright, 2019

Share Your Story: pressrelease @ exchangemagazine.com
Expand Your Reach:
advertise @ exchangemagazine.com
Publisher: Exchange Business Communication Inc., PO Box 248, Waterloo, Ontario, Canada
Email Editor

Content published on this site represents the opinion of the individual, organization and/or source provider. Exchangemagazine.com is a online daily journal of Exchange Business Communication Inc. (1997) Publishers of Exchange Magazine est. 1983. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2019. Submitted editorials, comments and releases are copyright of respective source(s).