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Wholesale sales rose 3.5% in November to $75.6 billion, the fourth consecutive monthly increase. Sales increased in six of the seven subsectors, representing nearly 99% of total wholesale sales.
The operating revenue of Canadian wholesalers declined 8.2% in 2020, falling to just below $1.1 trillion. The declines were primarily due to petroleum and petroleum products (-25.7%), as well as the motor vehicle and motor vehicle parts and accessories (-18.0%). Six of the seven remaining subsectors saw revenues increase in 2020.
Sign up for the Connected Business Readiness Assessments – special introductory rate ends March 1st . As you begin this year with a renewed focus on increasing efficiency and service levels, have you examined what your organization’s potential for change is?
We live in a world of connected, intelligent devices referred to as the Internet of Things (IoT), and each year new products are brought online to solve modern-day challenges.
Business openings were stable in September 2021 (-0.1%; -59) after several months of increases in the number of openings. The change in business closures was also relatively small compared with previous months, decreasing by 0.6% (-252) in September following an increase of 21.2% (+7,370) in August.
As 2022 kicks off some things look very much like 2021: COVID-19 is still with us, and many companies continue to face hiring challenges.
Investment in building construction advanced 1.2% to $18.0 billion in November with increases in every component except for industrial construction.
Read more: Investment in building construction, November 2021
Welcome to a new year and let me be one of the first to say, “happy New Year to you.” While some manufacturers, reps and distributors started their joint 2022 planning in Q4, for the majority of us the planning process starts in January.
For longtime AD Electrical – Canada member, Independent Electric Supply, 2021 marked a highly significant and impressive milestone: 100 years in business serving the electrical sector.
Lighting controls are devices and systems that support visual needs and energy management. Over the past 20 years, the general trend has been toward greater sophistication and abilities. In the last decade, the technology underwent a revolution as extraordinary as the shift from traditional to LED lighting.
Wanted: Flexible, Purposeful and Supportive Employment
Talent availability continues to be a key concern among business leaders in the electrical industry: in fact, over 60% of EFC members surveyed said they do not have a robust talent pipeline in place. This pipeline is even further constrained as a result of ongoing employment challenges spurred on by the pandemic.
A global phenomenon known as “The Great Resignation” is underway which reflects a wave of workers who are strongly considering leaving their jobs in search for work that is more closely aligned with their interests with employers who provide flexible accommodations and serve a strong purpose.
Building permits, September 2021
The total value of building permits rose 4.3% to $10.1 billion in September, led by Ontario (+6.3%). Construction intentions in the residential sector were up 8.2%, while the non-residential sector decreased 3.2%.
On a constant dollar basis (2012=100), building permits increased 3.4% to $6.9 billion.
Ontario drives residential permits up
High-value permits for two new condo buildings valued at over $300 million in the cities of Mississauga and Toronto helped push Ontario's multi-family permits up 40.4% to $1.7 billion in September.
Gross domestic product by industry, August 2021
Real gross domestic product (GDP) rose 0.4% in August, led by increases in accommodation and food services, retail trade and transportation. The continued easing of public health restrictions and further reopening across the country increased demand across many close contact service industries.
Overall, 15 of 20 industrial sectors were up as growth in services-producing industries (+0.6%) more than offset a decline in goods-producing industries (-0.1%).
Changing Scene
AD’s Electrical-Canada Division virtually welcomed members and supplier partners for its five-day 2021 Virtual North American Meeting on Oct. 25 - 29, 2021 with the goal of facilitating strategic conversations that help the division devise new ways to stay ahead of the competition.
The event facilitated over 1,200 face-to-face meetings with 40 member companies and 62 supplier companies, cultivating relationship, allowing participants to share best practices and enabling open communication.
RTI Expands Canada Distribution With Evolution
Expanding its North American footprint, leading control and automation manufacturer RTI today announced that it has named Evolution Home Entertainment Corp., a wholesale distributor of residential technology products, as the second RTI distribution partner for the Canadian market.
Evolution serves over 500 dealers across Canada, who now have the opportunity to get certified for the full line of RTI smart home control and automation products. With products shipping nationwide from its warehouse in Concord, Ontario, Evolution will also offer training and local dealer support to its dealers installing RTI systems.
Signify reports third quarter sales of EUR 1.6 billion, operational profitability of 11.1% and a free cash flow of EUR 85 million
Third quarter 20211
• Signify's installed base of connected light points increased from 86 million in Q2 21 to 92 million in Q3 21
• Sales of EUR 1,643 million; Comparable Sales Growth of -4.8%, impacted by global supply chain disruptions
• Order book increased by 90% in Q3 21 vs. Q3 20
• LED-based sales represented 83% of total sales (Q3 20: 82%)
Peers & Profiles
Kerith Richards on tED Magazine’s “30 under 35” Award
By Alyssa Kerslake
This past July, Kerith Richards, who has worked for Service Wire Company for the last seven years, was selected as one of tED Magazine's prestigious "30 under 35" winners.
"I was so surprised and totally honored. It meant a lot to me that my boss, and my company, thought highly of me to nominate me - and then to be compared and chosen from the other surely incredible nominees was pretty cool, too," said Richards of earning the distinction. "I was running out of time, I'll be 35 at the end of this year, but I feel like I'm just getting started in this industry."
Copper $US Dollar price per pound
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