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Wholesale Sales 2021 Sales of wholesale goods rose 0.5% in May to $72.2 billion, the third consecutive monthly increase. More than 95% of the gain came from the food, beverage and tobacco subsector, which reported growth of 2.7%. Sales were higher in four of the seven subsectors, representing 72% of total wholesale sales.

GDP May to June 2021 Real gross domestic product (GDP) contracted 0.3% in May, following a 0.5% decline in April, and total economic activity was approximately 2% below February 2020’s pre-pandemic level.

Littelfuse, Inc., an industrial technology manufacturing company has reported financial results for the second quarter ended June 26, 2021.

Greenlee’s JobSite Live program launched as a way to complement in-person events and allow Greenlee to continue to interact with professionals during the pandemic.

Early Spring Covid Restrictions In late March and early April 2021, a sustained increase in COVID-19 cases — considered to be the third wave of the pandemic — was noted in several provinces.

EIN ABB 50 400

ABB is an international company with a large global presence, but did you know that a significant percentage of the products sold in Canada are also designed and manufactured locally?

Looking back to early 2020, the industry entered the first quarter with a sense of a solid year ahead, one that would easily eclipse 2019, and then in mid-March the brakes went on and relatively quickly.

Investment in building construction cooled slightly in May, decreasing 1.9% to $19.4 billion. This was the first drop in seven months. Residential construction investment (-2.7%) was down for the first time since April 2020, while non-residential construction increased slightly.

GDP Contracts - April 2021 Real gross domestic product (GDP) contracted 0.3% in April after 11 consecutive monthly increases. With the first decline in 12 months, total economic activity remained at about 1% below its level before the COVID-19 pandemic in February 2020.

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Monthly Estimates of Business Openings and Closures, May 2021

Statistics Canada There were slightly fewer active businesses (-0.1%; -1,208) in May compared with a month earlier, marking the first time since May 2020 that the number of closures outpaced openings.

The number of business openings decreased by 11.5%, the largest percentage decrease since December 2018 and the second consecutive month with negative growth (Chart 1). The number of business closures declined by 2.9%, following a 2.5% increase in April. The decline in the number of business openings in May was largely driven by fewer entrants (-16.4%). The number of entrants in May was below the 2015-to-2019 average for the first time since August 2020.

488 Days: Thoughts on the COVID Period — March 17, 2020 to July 17, 2021

By John Kerr

Looking back to early 2020, the industry entered the first quarter with a sense of a solid year ahead, one that would easily eclipse 2019, and then in mid-March the brakes went on and relatively quickly.

On both the supplier and distribution sides, many took a reactionary stance and then quietly planned their next moves. Thinking differently, adding stock and doubling down on inventory, looking at alternative shipping methods and figuring out how to stay close to the customer are among the attributes of those that pivoted well and have come out of the dark in great shape.

Non-Mortgage Borrowing From Chartered Banks in March 2020 Shattered the Previous Record

Non-Mortgage Borrowing from Chartered Banks in March 2020 The outstanding credit debt of private non-financial corporations doubled from the height of the financial crisis in 2008 to early 2020. At the onset of the pandemic in March 2020, businesses added a record $52.1 billion in credit debt to their balance sheets. However, according to a new study, as other sources of financing became available and businesses adapted to the pandemic, outstanding loan balances with banks declined for eight consecutive months.

The study Trends in Canadian business debt financing: Before and during COVID-19 looks at the types of credit debt private non-financial corporations incurred prior to and during the COVID-19 pandemic, and examines how they used that liquidity to weather the economic turbulence during this period.

Investment in Building Construction Dipped 1.9% in May

By David Gordon

As we transition from the pandemic many wonder about the future of sales, meaning, “What will the sales process (sales model) look like in the future,” and, essentially, “What is the role of / for outside salespeople?”

In reality, this question was asked pre-pandemic as management lamented that Sales wasn’t being as productive as they desired. Companies are always seeking to improve their processes, whether it is having salespeople better penetrate accounts, identify and call on new customers, use a different (new?) sales method...

EiKO Global, LLC Announces Expansion Through the ...

Premise LED Inc. is a Canadian based lighting manufacturer and market leader dedicated to supplying ...

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