Canadian Electrical Wholesaler

March 22, 2022

CEW StatisticsCanadaLogo 400The Industrial Product Price Index rose 3.1% month over month in February and 16.4% year over year. The Raw Materials Price Index rose 6.0% month over month in February and 29.8% year over year.

Industrial Product Price Index

In February 2022, the Industrial Product Price Index rose 3.1% month over month and 16.4% year over year. This was the sixth consecutive monthly increase, and the largest monthly gain in more than 42 years, since January 1980 (+3.8%).

In February, prices for energy and petroleum products rose 8.5% month over month and 44.6% compared with the same month in 2021. The price of motor gasoline exiting refineries in Canada was up 8.0% in February on a month-over-month basis, and was 42.1% higher than February 2021. The price of diesel fuel exiting refineries in Canada rose 9.2% month over month and 47.8% year over year. These increases were mostly attributable to higher prices for crude oil. Russia's aggression against Ukraine and sanctions against Russia contributed to market uncertainty about oil supply going forward. This occurred while global oil inventories were low. According to the U.S. Energy Information Administration, commercial oil inventories in the Organisation for Economic Co-operation and Development were at their lowest level since mid-2014.

Prices for primary non-ferrous metal products rose 5.7% in February, led mainly by higher prices for unwrought aluminum and aluminum alloys which rose 10.6% month over month and 39.8% year over year. Basic and semi-finished products of aluminum and aluminum alloys (+14.5%) also contributed to the monthly increase in this group. Global aluminum supplies tightened in February as higher energy prices led to production curtailments at European smelters, despite continued demand. Inventories in Shanghai, as well as in London Metal Exchange (LME) warehouses, have fallen since the start of 2022. The benchmark price of aluminum at the LME hit its highest level since 2008 on February 8.In addition to high energy costs, uncertainty about future supply from Russia also drove up the price of aluminum. Prices for unwrought gold, silver, and platinum group metals, and their alloys (+3.3%) were also up compared to January.

The price of softwood lumber was up 8.3% month over month in February, a fifth consecutive monthly increase, which followed a large drop between May and August. On a year-over-year basis, softwood lumber was 31.2% higher than February 2021. Steady demand, transportation problems, and labour issues all contributed to the persisting high prices for Canadian softwood lumber.

Prices for intermediate food products rose 3.3% month over month in February and 27.9% year over year. This was the 25th consecutive month of year-over-year increases for this commodity group. Prices for soybean oil were up 24.2% month over month and 157.2% compared with February 2021. This was partially attributable to unfavourable weather conditions in Brazil, the world's top global producer and exporter of soybeans.

Prices for ammonia and chemical fertilizers rose 0.5% month over month in February, a 10th consecutive monthly increase. On a year-over-year basis, prices for this product group were up by 88.2%.

Raw Materials Price Index

In February, the Raw Materials Price index rose 6.0% month over month and 29.8% year over year.

Prices for conventional crude oil were up 12.1% month over month in February and 58.4% year over year. According to estimates from the U.S. Energy Information Administration's short-term energy outlook, global petroleum consumption outpaced global supply for the 13th consecutive month in February. Amidst this imbalance, uncertainty due to the Russia's aggression against Ukraine and its consequences on energy supply drove oil prices up.

Prices for metal ores, concentrates and scrap increased 3.8% on a monthly basis. Within this group, prices for iron ores and concentrates rose 8.6%. Gold ores, concentrates and mill billion (+2.9%), as well as silver ores, concentrates and mill bullion (+2.3%), also posted monthly increases.

Higher prices for hogs (+10.6%) and unprocessed milk (+6.3%) led the rise in animals and animal products (+3.2%). Hog prices rose due to tightness in market supply, while unprocessed milk prices rose following a review by the Canadian Dairy Commission of Canadian farm gate milk prices and various other costs used in administering the supply management system.

Source

In-House or Managed EDI: How to Determine the Right Fit for Your Business

IDEA  EDIElectronic data interchange (EDI) is the most commonly used B2B eCommerce technology. Based on standards, this computer-to-computer exchange of business documents between trading partners increases efficiency while cutting costs by simplifying processes across the entire supply chain.

More documents are shared and processed in less time with greater accuracy, accelerating business cycles by up to 61% and reducing the number of transactions with errors by 30–40%.

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CEW-31-UNEnvironment-WorldAccreditation-400.jpgClimate change poses very real risks to people and the environment. Extreme weather events like the destructive storm we just saw in Ottawa that left thousands without electricity for days, and damaged homes and critical infrastructure, are a stark reminder that we must take action, now.

Countries around the world agree – achieving a more sustainable future is a top priority. Commitments like the UN’s Sustainable Development Goals (SDGs), the landmark Paris Agreement and the ISO London Declaration, bring nations into a common cause to undertake the ambitious efforts it takes to tackle one of our time’s most critical challenges.

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Selling ServicesBy David Gordon, President, Channel Marketing Group

As every distributor knows, there is a labor and driver crisis in every market. It affects hiring warehouse staff as well as drivers. Today’s competition for labor is further exacerbated by competitive environments that can pay $20 / hour plus benefits (aka Amazon and others.) Further, within the electrical industry, many electrical contractors are faced with their own staffing challenges.

Industries have talked about fee-based services and many industry leaders are seizing upon the opportunity to diversify their income stream, improve profitability AND add a valuable service to their customers.

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Eplan Elements CollaborationWhy Use Elements Collaboration

Elements Collaboration represents a new alternative to conventional Project Data Management softwares. It is is a low cost and effective alternative to your dedicated PDM. Here's why:

EPLAN is built from the ground up with features you value in a Project Data Management software. As such, it is faster and can be better integrated to your workflow. This means that you can potentially save on the cost of an additional software without sacrificing productivity.

 

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BirdRecently, Bird Construction Inc. was pleased to announce that it has been selected to lead the design and construction of a state-of-the-art, net-zero plant protein processing facility for Phyto Organix Foods Inc. in Strathmore, Alberta. The value of the progressive design-build contract is approximately $125 million.

Bird will lead the design and construction of the facility and the 3D connectivity to the processing equipment. The 100,000 square foot facility will be the first net-zero plant protein processing facility in North America, employing industry-leading technology solutions to recycle and reuse water, leverage low emission energy sources, and reduce overall energy consumption. 

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Statistics CanadaReal gross domestic product rose 1.1% in February, the largest monthly growth rate since March 2021. Inflationary pressure remained in April 2022, when the Canadian Consumer Price Index (CPI) rose 6.8% year over year, a slight increase from March 2022 (+6.7%).

After surging by nearly 340,000 in February, employment rose by an additional 73,000 in March as Omicron-related restrictions eased, and was little changed in April. After reaching a record low of 5.3% in March, the unemployment rate edged down 0.1 percentage points to 5.2% in April.

 

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Become a Wiser Approved Installer

SchneiderGet access to exclusive benefits, product discounts and resources that will help you drive more business, and lower energy bills for your clients.

 

 

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Changing Scene

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AD and TORBSAAD and Torbsa Limited are announcing an agreement to merge the two groups. The merger is expected to close July 1, 2022. Established in Ontario in 1966, Torbsa is a shareholder-owned group made up of twenty-seven independent building supplies distributors, with 48 locations across Canada.

Rob Dewar, president of AD Canada, discussed how Torbsa's strong leadership and financial success made the buying group an ideal match for AD. Rob Dewar, president of AD Canada, discussed how Torbsa's strong leadership and financial success made the buying group an ideal match for AD.

 

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IDEAThe Industry Data Exchange Association, Inc. (IDEA), in collaboration with the National Electrical Manufacturers Association (NEMA) and the National Association of Electrical Distributors (NAED), announces the launch of the Harmonized Data Model (HDM) Advisory Council.

The Harmonized Data Model (HDM) initiative is defining a unified data model in IDEA Connector that enables manufacturers to easily syndicate to multiple formats and empowers distributors’ eCommerce experiences with more consistent, normalized product data.

 

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AimliteAimLite is proud to announce that its Products Warranty has been awarded certification by the National Lighting Bureau’s (NLB) Trusted Warranty Program. The NLB Trusted Warranty Program recognizes excellence in lighting companies that meet objective quality standards and practices regarding their warranty administration.

In order to obtain that certification, AimLite was assessed based on five criteria: formal warranty process, warranty language, length of business/warranty insurance, technical evaluation, and claims review evaluation. By complying with the five evaluation criteria, AimLite clearly demonstrates its commitment to providing quality products and services to its customers.

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EIN FE LEED 400

Franklin Empire Inc., the largest independently owned electrical distributor in Canada, and MONTONI are excited to launch the construction of the company’s new headquarters designed to support future growth. This family-owned 4th generation company is also celebrating its 80th anniversary this year. In summer 2023, Franklin Empire employees will move into their new facility of nearly 190,000-square-feet, conveniently located along Autoroute 40 at the junction of Autoroute 13 in Saint-Laurent and close to the Ericsson and VSL campuses developed by MONTONI. The building, which will be targeting a LEED certification, will triple the firm’s warehouse space and double its office area, while improving the customer experience and providing employees with a work environment adapted to the new reality of today’s job market.

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S&C Electric CompanyS&C Electric Company recently announced Anders Hultberg as its new president of S&C Electric Canada Ltd. Hultberg will assume his new role as the existing president, Angelo Gravina, transitions into retirement.

Hultberg’s vast industry experience includes developing and executing strategies and aligning complex operations to achieve sustainable business growth. Before joining S&C, Hultberg was the senior vice president and managing director of the high-voltage business for North America at Hitachi Energy (formerly ABB Power Grids). Hultberg’s 27-year career with ABB provided him with a variety of operational experience in production, operation, marketing, sales, and R&D. He also held numerous ABB leadership roles across the world, including the past nine years in Canada.

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Peers & Profiles

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Larry SternThe Industry Data Exchange Association, Inc. (IDEA), the electrical industry-endorsed technology service provider and eBusiness standards body, announces its 2022 Board of Directors. Larry Stern, President of Standard Electric Supply, is the IDEA Board Chair for the coming year.

“Larry’s experience and strong leadership are a driving force to tackle industry challenges and pursue IDEA’s roadmap. Today, with the increasing complexity and the increasing volume of data that needs to be exchanged, IDEA is focused on our mission to facilitate the exchange of complete, high-quality transactional and eCommerce product content and serve as the standards body for the electrical industry.” said David Oldfather, President and CEO of IDEA.

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