Results of SREDA's annual industry survey.The Saskatoon Saskatoon (săskət  n`), city (1991 pop. 186,058), S central Sask., Canada, on the South Saskatchewan River. Region Industry Survey Results 2006 report summarizes
the findings of the annual survey conducted by the Saskatoon Regional
Economic Development Authority (SREDA SREDA Saskatoon Regional Economic Development Authority (Canada) ) Inc. Various aspects of a
company's operations were analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. , including sales, prospects for growth, expansion plans, labour supply, employee skill level and work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work , and labour-management relations. Approximately 750 industrial companies in the Saskatoon region were contacted to participate in this year's survey with a response rate of 58%. Information was collected on businesses in targeted industry sectors, which are represented in the chart below. The composition of these Saskatoon region industries is dominated by manufacturing, but growth in emerging sectors such as Life Sciences and Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. are further diversifying the economy. [GRAPHIC OMITTED] Following are highlights from this year's survey: Sales revenues were stable or on the rise according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a majority of survey respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. . Compared to the previous year's sales, 92% indicated revenues were either up or steady. The Life Sciences and Mining and Mining Supply and Service sectors were the most positive with 100% of managers surveyed reporting stable or rising revenues. [GRAPHIC OMITTED] A high degree of confidence for future growth was expressed as 85% of managers surveyed indicated prospects were either excellent or good. The sectors of Mining and Mining Supply and Service (94%), Information Technology (90%), and Telecommunications (90%) were the most positive with prospects ranked as either excellent or good. [GRAPHIC OMITTED] As a result of increased sales and high prospects for growth, many companies from all industry sectors are planning expansions in 2006. Of all the companies surveyed, 18% are planning an expansion. The total value of expansion plans for all sectors is expected to be approximately $153 million. The Life Sciences sector accounts for around $113 million of that value while the Food Processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. sector accounts for nearly $13 million. In addition, according to participants, three industry sectors will lead the growth in full-time full-time adj. Employed for or involving a standard number of hours of working time: a full-time administrative assistant. full employment: Life Sciences (12% growth), Information Technology (6% growth), and Food Processing (3% growth). [GRAPHIC OMITTED] The findings of the annual survey provide current insight into the business climate in the Saskatoon region. A complete copy of the Saskatoon Region Industry Survey Results 2006 report is available on the SREDA Inc. website at www.sreda.com. Manufacturing 52% Mining/ Mining Supply and Service 3% Telecommunications 2% Transportation/ Warehousing 19% Food Processing 10% Information Technology 9% Life Sciences 5% Note: Table made from pie chart. Fair 12% Poor 3% Excellent 40% Good 45% Note: Table made from pie chart. Expand on Site 18% Relocate within Saskatoon 6.1% Relocate outside Saskatoon 1.0% Discontinue Operations 1.0% Downsize 0.5% Remain in Current Location 73.4% Note: Table made from pie chart. |
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