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5G Hyperconnected Smart City Linking smart cities and 5G combines two of the most hyped topics in technology. This hype can lead to overinflated expectations and unrealistic scenarios, but beyond the hype, important changes are happening.

Much is talked about how distributors needing to sell services to differentiate themselves. They need to create/provide solutions and will need to generate revenue from these services.

As the spread of COVID-19 rapidly increases around the world, companies are beginning to prepare for the possible impact of the virus on their operations.

Value of Canadian Building Permits - January The total value of building permits issued by Canadian municipalities increased 4.0% to $9.2 billion in January. Increases were reported in six provinces, led by British Columbia (+52.1% to $2.2 billion).

The use of reels is fundamental to the safe and efficient handling, transportation and distribution of wire and cable to the end user.

LDS caught up with General Manager of EiKO’s Canadian division Stephen Lee, who was kind enough to take some time out of his busy schedule to share his perspective on the industry.

Survey Says Of those surveyed pay steadily increases in correlation with experience level, topping out at $74,000. Overall, the average salary for these branch managers in Canada is $68,305.

Q4 GDP Growth in real gross domestic product (GDP) slowed to 0.1% in the fourth quarter, owing to a decrease in business investment and weak international trade. These declines were offset by increased household spending. Final domestic demand edged up 0.2%, after rising 0.8% in the third quarter.

The Winds of Change — Blowing in the Right Direction

By John Kerr

The past nine weeks have been to say the least a challenge across the electrical industry. From agents to suppliers, from end users to the electrical channel, all have been affected, all have been forced to think differently and all have begun the journey to retooling the way we operate.

This is the third report in our series quantifying and exploring how electrical wholesalers have had to adapt and how they are looking to find a way forward. For this we have taken a different approach from our previous reports in that we have incorporated the results from our recent survey alongside personal interviews and discussions with electrical distributor teams across Canada

Darkest Before the Dawn, Part 2

By John Kerr

I spoke in my previous article about my father’s quote darkest before the dawn. Well, he had another saying clearly brought forward by his growing up in the depression. He would say, “Money is not everything. It just helps,” and at a time like this when there are so many storylines of effort above and beyond the call, and so many initiatives underway by electrical distributors, there will be a rallying right across the country. The electrical distributors are moving, reacting, and more adaptable than ever before.

The current situation we find ourselves in is to say the least fluid, dynamic and somewhat disconcerting for many, but underlying it is a focused, disciplined approach to addressing the new norm and new reality. Some branches remain closed, some open with minimal staff, and others rotating staff and working differently than ever before.

Recent public reports by Wesco and Rexel have indicated drops approaching 23% through mid April and clearly ones that demonstrated a slowdown from mid March. Our discussions with both distributors and end users/contractors alike confirm their buying and purchasing activity were curtailed more aggressively in early April.

Over 106 electrical distributors responded to our recent survey with 73% from corporate and branch management.

Electrical Safety in the Home is More Important Than Ever Before

By Gurvinder Chopra

This June, Canadians will commemorate Electrical Safety Month; June also marks the fourth month of the COVID-19 pandemic national lockdown. For many Canadians, working from home has become the new normal. As confinement continues, the demand for constant power feed to connect to the world we now live, work, and play in at home has grown substantially. Homes are being equipped with new technologies that offer plenty of benefits, but they also place high demand on electrical systems at home, potentially causing serious safety risks.

Moving from Survivability to Thriveability

By David Gordon

In talking with distributors and manufacturers it is clear that many are actively in the planning and pivoting mode, moving from survivability to thriveability. They’ve stabilized their business financially, emotionally (from a staff viewpoint) and operationally. Now they are looking at “doing business,” and more financially secure ones are identifying ways to take share.

This doesn’t mean that others are not planning and pivoting. Some didn’t miss a beat; others typically don’t do much planning and live in the moment.

Value of Building Permits Declined 13.2% in March

Building Permits - March The total value of building permits issued by Canadian municipalities decreased 13.2% to $7.4 billion in March, with declines reported in seven provinces and two territories. The $1.1 billion national decrease was the largest since August 2014. This reflected notable drops in Ontario (-12.9%), Quebec (-18.1%) and British Columbia (-19.4%), which coincided with efforts to slow the spread of COVID-19.

Value of residential permits down

The total value of residential permits decreased 13.1% to $4.6 billion in March.

EFC Economic Forecast Series: What Shape will the ...

EFC’s Economic Forecast Series webinar will deliver global, national, and regional economic ...

Darkest Before the Dawn, Part 2

Changing Scene

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