Canadian Electrical Wholesaler

Mar 24, 2020

Wholesale Sales - JanuaryWholesale sales increased for a second consecutive month, up 1.8% to $65.2 billion in January. While all subsectors reported higher sales, gains were concentrated in the motor vehicle and motor vehicle parts and accessories and the miscellaneous subsectors.

In volume terms, sales grew 1.7%.

Motor vehicle and agricultural supplies industries drive higher sales in January 

Sales in the motor vehicle and motor vehicle parts subsector grew 3.0% to $11.3 billion in January. The bulk of this growth (about 80%) is attributable to the motor vehicle industry, up 3.0% to $9.1 billion. This was a second consecutive increase for both the subsector and the industry. 

Sales in the agricultural supplies industry increased 10.5% to $2.4 billion while inventories declined 4.5% in January. This was the primary contributor to higher sales in the miscellaneous subsector, up 3.1% to $8.4 billion. In January, Canadian exports of potash to the United States increased 6.4%, according to Canadian International Merchandise Trade data, while exports of this product to China declined 65.7% on an unadjusted basis.

Higher sales in seven provinces, led by Ontario

Higher sales were recorded in seven provinces, together representing 87% of total wholesale sales.

Sales in Ontario rose 2.2% to $34.1 billion in January, a third increase in four months. While higher sales were recorded in each subsector, the motor vehicle and motor vehicle parts and accessories subsector, the largest in the province, contributed the most (+3.9% to $8.0 billion). The increase in the subsector followed a slower fourth quarter in 2019, where sales declined 1.9% from the previous quarter, partly due to motor vehicle manufacturing strikes, rail transit impacts and motor vehicle manufacturing plant closures.

The agricultural supplies industry in the miscellaneous subsector (+26.6% to $987 million) contributed the most to the higher sales in Saskatchewan as the province posted an increase of 6.4% to $2.2 billion in January. This partially offset the lower sales in the fourth quarter for the subsector in this province.

Inventories edge up

Wholesale inventories edged up 0.1% to $92.1 billion in January.

For the month, higher inventories in five subsectors were almost entirely offset by lower inventories in the miscellaneous (-2.6% to $11.5 billion) and the machinery, equipment and supplies (-0.5% to $26.7 billion) subsectors. 

The highest inventories were recorded in the personal and household goods subsector (+1.4% to $16.4 billion) and the motor vehicle and motor vehicle parts and accessories subsector (+1.3% to $13.6 billion).

The inventory-to-sales ratio declined from 1.44 in December to 1.41 in January, the lowest ratio since April 2019. The inventory-to-sales ratio is a measure of the time (in months) required to exhaust inventories if sales were to remain at their current level.
Wholesale Sales - January

 

 

 

 

 

 

 

 

 

 

 

Source: Statistics Canada, www150.statcan.gc.ca/n1/daily-quotidien/200323/dq200323a-eng.htm

 

 

David GordonBy David Gordon

We’ve gone from looking at the coronavirus from afar to being in the middle of the coronavirus storm. It’s obviously changed the business and outlook for the year. While tragic, and disruptive, the phrase “this to shall pass” should be kept in mind.

Some thoughts regarding doing business in the coronavirus era:

1. Take care of your people.  If they are concerned about family, they are less focused on business. 

 

Read More

Wholesale Sales - JanuaryWholesale sales increased for a second consecutive month, up 1.8% to $65.2 billion in January. While all subsectors reported higher sales, gains were concentrated in the motor vehicle and motor vehicle parts and accessories and the miscellaneous subsectors.

In volume terms, sales grew 1.7%.

Motor vehicle and agricultural supplies industries drive higher sales in January 

Sales in the motor vehicle and motor vehicle parts subsector grew 3.0% to $11.3 billion in January. 

Read More

 

Dawn WerryBy Dawn Werry


It’s no surprise that the coronavirus is impacting manufacturing, with production site shutdowns and travel and meeting restrictions. In fact, last month, IHS Markit estimated that manufacturing was the third most impacted industry, behind wholesale and services.

This has hit manufacturers in various ways. Some companies, even those whose primary products or components are manufactured in the hardest hit regions, have seen little or no impact on their ability to meet customer demand. 

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LedvanceLEDVANCE has announced the closure of their Eastern Distribution centre located in Bethlehem, Pennsylvania and move its operations to their Versailles, Kentucky facility. Matt McCarron, Vice President of US and Canada Salesreleased the following statement:

In order to better serve our customers, LEDVANCE continuously looks at maximizing our business processes. As part of that effort, we have recently reviewed our supply chain in order to find synergies that will better service our customers.  Working with industry leading experts and distribution network is in the best interest of our customers, and our ability to maintain or improve our service levels.

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SouthwireOn March 23, 1950 Southwire was founded by Roy Richards Sr. Our organization, which would revolutionize the industry, started making wire and cable with just 12 employees and three machines.

Today, we celebrate 70 years of successful business, quality and service. From our humble beginnings, we have grown from 12 to approximately 7,500 employees and a footprint that has maintained its roots but grown into an internationally recognized organization with employees located in more than 40 cities in the United States and seven countries around the world.

 

 

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Sean Bernard is the Intelligent Controls Manager, Canada for Ideal Industries. Sean resides in ...
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Omid NadiOmid Nadi, Trade Marketing Manager with Ledvance, is a Ryerson University grad coming out of their Marketing management program.

“During my education I had a big interest in innovation, disruption, and data analytics,” he noted, which has influenced his career direction.

While he was in school, he spent four years in appliance sales, “that really gave me a foundation and an understanding of sales and communication.”

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