E491 – Current & Critical – Iggy Domagalski, The Canadian Industrial Landscape, Tariffs, Leadership & the Road Ahead
“I think the one thing I can say confidently, is that we really don’t know yet. We don’t know exactly how these tariffs will play out.”
With a legacy stretching back to 1858, Wajax stands as a cornerstone in Canada's industrial sector, recognized for its comprehensive range of products that keep the nation's industrial engines running. Yet the significant impacts of recent global economic challenges, such as tariffs and changing trade dynamics, influence Wajax's strategic decision-making and customer relationships. Iggy articulates how these macroeconomic variables ripple through the business, affecting Wajax and its extensive network of over 30,000 customers across various industrial sectors. He also offers insights into balancing the pressure of quarterly earnings calls and the scrutiny of analysts with the need for long-term strategic planning. Emphasizing the importance of a robust and capable leadership team, Iggy discusses how critical it is for operational excellence to be maintained amidst external pressures. He shares his philosophy on fostering a corporate culture that values inclusivity, open feedback, and personal development, allowing his team to thrive and innovate.