Industrial markets

Navigate industrial change with ESG insights, tech advancements, regulatory advice, and investment in your future

Navigate industrial change with ESG, regulatory advice, and investment in your future

Companies in the industrial markets space, including automotive, chemical, and manufacturing organizations, must be nimble to respond to the changing environment in which they operate. From economic fluctuations, technological advances, increased regulation, to shifts in consumer preferences, pressure is coming from all sides. ESG is the overriding disruption, and demands from government, regulators, and consumers for increased transparency are starting to impact supply chains. At the same time, new supply chains are transforming with the EV evolution.

As a result, companies in industrial markets are looking to solidify their strategies to embed technology and strengthen business models recognizing the evolving competitive landscape. This will require an integrated strategy and an innovative approach to foster transformative change, while managing costs and compliance. Economic pressures are also driving the need to find cost optimization opportunities and may give way for restructuring and opportunistic acquisitions for those that are well capitalized. Upskilling, retaining, and recruiting employees will also continue to be a primary focus with changing workforce needs as the use of different technologies increases in the industry.

Those who adapt and lead innovation will gain an edge in a highly competitive market, both from a profitability standpoint as well as an early advantage in attracting and retaining the workforce of the future.

Industrial markets

How we can help

As an audit industry leader for industrial markets, KPMG’s cross-functional capabilities and breadth of services can help you transform your business, enter new markets, and strengthen reporting and regulatory compliance. With insights gained from years of hands-on experience, our professionals understand the key issues faced by organization within industrial markets and work collaboratively to find industry-specific strategies to enhance performance and infrastructure.

Through our global network, we provide practical, industry-specific audit, tax, and advisory services—no matter where our customers do business. By combining our in-depth knowledge of the Canadian industry with the global reach of KPMG International’s member firms, we help our clients address today’s complex issues while maintaining focus on the opportunities of tomorrow. Here are just some of the services we offer on the issues that matter most to you.

ESG is integral in long-term value creation for industrial markets, our multidisciplinary teams can assist in navigating the relevant ESG priorities for your business to move forward in a meaningful and practical way. Our ESG specialists have the expertise to accelerate decarbonization plans and quantification, identify metrics for ESG reporting and auditing, and develop responsible and sustainable strategies, business models, operations and investments.

Our supply chain advisors can help manufacturers, automakers, and chemical companies transform their supply chains to become more transparent, resilient, responsive, and sustainable. Through Industry 4.0 tools and data-driven technologies, we assist our clients in strengthening supply chains to better identify and manage risks within inventory, logistics, and contracting on a global scale.

With frequent regulatory tax changes affecting industrial markets— from mandatory disclosure rules to customs and compliance changes with USMCA and Pillar Two global minimum tax rules—applying evolving rules to your business remains a serious challenge. We assist our clients in meeting compliance requirements while leveraging our extensive experience to enter new markets and develop tax strategy. In addition, we provide a variety of tax services to our industrial market clients, including:

Tax planning
Trade and customs support
Tax credit support
Research and development

Organizations within industrial markets must employ a multipronged approach to attract and retain skilled employees in today’s highly competitive labour market. Our People and Change specialists can support our clients with their talent strategy, change management, and inclusion, diversity, and equity (ID&E) strategy, particularly as the use of technology and AI change what businesses will need in the workforce of the future.

From robotics, 5G technology, to artificial intelligence, data collection and analytics, transitioning manufacturing operations from a traditional labour-based model to one that incorporates greater technology innovation is an individual journey for any organization. Our technology consulting specialists and alliances can help you build your digital strategy to enable your business to thrive and remain competitive in this quickly evolving landscape.

Our cyber security professionals can help to create a resilient and trusted digital ecosystem in an age where data is drastically increasing through the rise of smart factories, the Internet of Things (IoT), and interconnected technologies.

Frequently asked questions (FAQs)

We’ve built one of the nation’s strongest Industrial Markets practices, comprising audit, tax, and advisory professionals who help clients navigate challenges and opportunities to generate value. Our specialists have a proven track record of supporting industrial market organizations in the implementation of their growth strategies throughout Canada, the U.S., and globally.

We have expertise in areas such as complex accounting, tax advisory, due diligence, M&A, transaction advisory, capital asset planning, supply chain, development feasibility, finance function transformation, cyber security, digital transformation, ESG, and people and change. And through our global network, we provide practical, industry-specific audit, tax, and advisory services.

KPMG in Canada combines the responsiveness of a small firm with the strategic perspective of a large global network to serve industrial market organizations. Our solid, multi-disciplined knowledge of industrial markets is the cornerstone of developing an efficient and cost-effective approach to the services we provide.

With an extensive Canadian, U.S., and global network, we’re able to bring the right people with the right specializations together to meet client needs. We understand the industry on local, national, and global levels, which is critical for large global companies with operations in Canada, as well as large Canadian companies with a global network. Our specialists not only understand the impact of market forces, but how these forces interact together.