The Fastest Growing Companies of Canada.pdf

The Fastest Growing Companies of Canada.pdf
VOL-12 | ISSUE-04 | 2022 Novel Perspec ves The Traits of Emerging Business Leaders of the Modern Industry Prospects of Advancements Embracing the Innova ons in the Global Business Arena Abdul Munim Sheikh, President and CEO Al Safa Foods Canada Ltd. Abdul Munim Sheikh, President and CEO Al Safa Foods Canada Ltd. The Fastest Companies of Canada Growing www.insightssuccess.com
– Napoleon Hill Strength and growth come only through con nuous effort and struggle. ,
Editor’s Note
The Industry Leading Predecessors ovel businesses prioritize marketing, offer higher-quality products, and give better customer service. They provide an enormous selection of items, present new products more often, and are more adaptable to client requirements. The increased value put on tactics connected to introducing new items into new or present markets or current products into new markets exemplifies the importance of comprehensive offerings in inventive enterprises. The most significant differences between innovative and traditional organizations occur in the most qualifying tactics, which involve a passion for influencing new products, services, or a new market platform. The slightest difference occurs for the most conservative strategy, which consists in maintaining current products in Canada's current markets. While the importance of multi-development and external affairs, such as rivals and consumers as sources of initiation, is highlighted more strongly by the leading businesses, the actions of innovative enterprises are increasingly sensitive to market changes. Firms in every field commit around one out of every investment to market value growth, which may seem unexpected considering the aggressiveness of creative enterprises. Yet, as will be seen in the latest edition – The 10 Fastest Growing Companies of Canada will be a novel chronicle of leaders making a difference globally. Have an insightful read! PrashikD.Bombarde N
Novel Perspec ves The Traits of Emerging Business Leaders of the Modern Industry Prospects of Advancements Embracing the Innova ons in the Global Business Arena COVER STORY 08 32 20 Articles
16 Avnan Simplifying and Managing Supply Chain Transparently 24 Canadian Solar On an Endeavor towards a Better, Sustainable Wolrd. 28 CIMtech Mfg. Inc Simplifying and Managing Supply Chain Transparently 36 Foreseeson Your Go-to Brand for all things Manufacturing 40 Kingstec Technologies Inc Leaders in Offshore Manufacturing 44 Wa co A Legacy Built on Excellence in Quality Manufacturing
sales@insightssuccess.com December, 2022 Circulation Manager Tanaji Fartade Research Analyst Eric Smith Editor-in-Chief Merry D'Souza Kelly, David Business Development Executives Managing Editor Shruti Tikotkar Business Development Manager Prashik Bombarde Art & Design Head Art & Design Assistant Visualiser David King Co-designer Sonia Raizada Rohil Shinganapurkar Marketing Manager Joseph D'souza Technical Consultants Prashanth, Rajeshwari Technical Head Jacob Smile Assistant Technical Head SME-SMO Executive Gemson Digital Marketing Manager Alina Sege Assistant Digital Marketing Manager Renuka Kulkarni Copyright © 2022 Insights Success Media and Technology Pvt. Ltd., All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights Success. Reprint rights remain solely with Insights Success. Follow us on : www.facebook.com/insightssuccess/ www.twitter.com/insightssuccess Corporate Ofce Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - (614)-859-2600 Email: info@insightssuccess.com For Subscription: www.insightssuccess.com We are also available on : RNI No.: MAHENG/2018/75953 Sales Executives Mark, Alice Prachi Mokashi Assisting Editor Adiba Tarade Shreyasi Shelke Paul Belin The way of business solutions Deputy Editor Abhishek Joshi
Featuring Brief Company Abdul Munim Sheikh President and CEO Canadian Solar Inc. canadiansolar.com CIMtech Mfg. Inc cimtechmfg.com Air New Zealand airnz.co.nz Avnan avnan.com A1 Safa Foods Canada LTD. Alsafahalal.com Air New Zealand is one of the world's leading airlines, known around the world, not just for our name and our innovation but also for our reputation. We are dedicated to providing high-quality products without forsaking our beliefs. That is why we adhere to the halal standards as set out in the Holy Quran. Avnan provides comprehensive electronics design, manufacturing, supply chain, validation, and logistics solutions throughout its product life cycle. Canadian Solar (NASDAQ: CSIQ) is a global energy provider with successful business subsidiaries in 20 countries & regions on 6 continents. CIMtech is a Canada-based manufacturer of hydrogen fuel cell components and assemblies. Elle Holdich Head Anuj Jain CEO Dr. Shawn Qu Chairman, Chief Excecutive Officer & Chief Technical Officer Paul Ghotra CEO Chita Shinde VP Kingstec Technologies Inc. kingstec.com Post Holdings postholdings.com Foresesson Tchnologies Inc. foreseeson.com DHL Express dhl.com DHL is a globally recognized leader in logistics. Our 380,000 personnel in more than 220 countries and territories work tirelessly to facilitate your international expansion and market growth. Foreseeson Technology provides a range of services, including electronic manufacturing, IT security distribution, electric vehicle charging equipment, and software platforms. Kingstec is a one-stop engineering, manufacturing, and logistics business partner. Post holds a group of food businesses and operates as a public company in a manner similar to a private equity firm. S.U Moon CEO Wilson Chiu Peng President Melissa Torres Supervisor WATTCO wattco.com Wattco has manufactured a complete line of flange heaters, circulation heaters, tubular heaters, and immersion heating elements for a wide variety of industrial and commercial applications since 1969. Jason Toledano CEO The Fastest Growing Companies of Canada
Alsafa is favorable as a brand for everyone; we repeatedly study the evolution of taste as we try to keep up with it and stay ahead of the curve.
Abdul Munim Sheikh, President and CEO Al Safa Foods Canada Ltd.
pprehended by Globalization, society is Aconsolidated by distinct types of people. Each person crafts a different approach to proceed with their life, backed by their beliefs. In fact, everyone is playing an active role in making a way forward and establishing a method of living in a place that is not measured up to them. An adequate amount of people are inclined toward similar social settings. Still, when they are variegated, it becomes amenable to make them feel inclusive because they are then beheld as contingent. When they couldn't find a solution for aid provision for their community, Al Safa Foods took it upon itself to serve the community and provide it with a rich experience that follows their beliefs. Al Safa Foods brings delectable taste and culinary experience built around the fine values and trust of the Muslim population. It is one of the most successful and fastest-growing brands of Halal and Ethnic products in North America. To get an abstract of their business approach and success progression, Insights Success took an exclusive interview with Al Safa Foods President and CEO Abdul Munim Sheikh. What was the initial idea behind the inception of Alsafa Foods? Since acquiring Alsafa in 2014, the organization has grown five times in size with a stronghold focus on access to Halal food. Compared to predominately Muslim societies, not many halal foods are currently present in the market. Our goal has been to introduce affordable and high-quality halal products. Heavy expansions into Canada's West Coast and an intense urgency to integrate into the USA market have enabled Alsafa to hold the largest market share in the industry. What are the primary objectives and philosophy of Alsafa Foods? Alsafa Foods is the largest North American Halal Food Brand – our objective is to empower Muslims to make time for their dreams by offering halal, guilt-free convenience foods. Based out of Mississauga, Canada, we've been serving Muslims for over 25 years. Primary objectives include the accomplishment for Muslims to feel more inclusive in North American communities by enjoying the exact lifestyles without guilt or compromise concerning dietary restrictions. With Alsafa, Muslims can uphold religious values to feel included in North American lifestyles. Our mission is to close the gap between what mainstream supermarkets offer and what Muslims have been looking for all these years. What are your top-notch offerings that have a strong foothold in the F&B sector? Alsafa is focused on the Halal Frozen Meat category. Within this, we have introduced different segments such as Middle Eastern, South Asian, Caribbean, and North American cuisines. Our ability to cater to various demographics by offering a variety of Halal convenience foods that appease one's curiosity about traditionally non- halal foods is another reason for our accelerated growth. Our strong brand presence is largely due to the premium quality we provide. Alsafa straightforwardly accommodates all Muslims by offering only Certified Zabiha by Hand, Hand-Slaughtered Halal products. Therefore, uncompromising faith to cater to the needs of all Muslims. What differentiates us from our predecessors and our competitors is our strategy to target mainstream outlets (Walmart, Sobeys, Loblaws, Shoprite, etc). and ethnic retail outlets – small businesses and independent grocers. As a result, we've seen significant improvement in profit margins leading to our aggressive growth. In the beginning, Alsafa was just a vision; now, the focus on innovation has conveyed lucrative efforts of this vision, and the results of the vision come to fruition. What are the roadblocks that Alsafa Foods faced in the ever-changing landscape of the business world? More recently, during the pandemic and post-pandemic, the supply chain presented our biggest challenge, as we see fluctuations in commodity prices. Nevertheless, our team's sharp nature has demonstrated to partners our vigilance and confidence to overcome any situation. Furthermore, improving lead times while being dynamic in our efficiencies has provided important customer feedback. Our service continues to be better than our competition. Being process-oriented and understanding said processes inspires development and evolution regularly. Fortunately, our uncompromising growth to combat hurdles has pushed Alsafa to become the biggest player in market share once again in the Halal Meat industry. The 10 Fastest Growing Companies of Canada
How are Alsafa Foods adapting to market orientation? Our biggest reliance is within the organization to adapt to market orientation in several ways. Familiarity with both standardization and customization of products/services helps provide customers with tailor-made solutions that fit their needs perfectly. Specific to the food industry and for our product line, we are always looking to improve the nutritional values; and continuously enhance international standards to improve our packaging, marketing, and approach to customers. Above all, the consumer taste pallet is ever evolving, especially its uniqueness considering age and generation. Immigrants coming from across the globe create great fusions when it comes to taste. Taking this and interoperating it to create flavors commercially is where we bring authentic tastes in a convenient approach. Alsafa is favorable as a brand for everyone; we repeatedly study the evolution of taste as we try to keep up with it. Numerous partners can attest to Alsafa's professionalism and focus on addressing the customer's needs, primarily by setting new standards within the industry with honest transactions. We are covering more than 6,000 outlets with over 10 mainstream banners listening across Canada, in addition to having 25 distribution partners across North America. With mainstream outlets, our customers truly appreciate the authenticity and knowledge of the community. Many of them rely on our team to design their Halal programs in-store. This strength empowered our brand to hold a strong footprint in mainstream and independent markets. Alsafa adheres to a few principles that are simple and very sacred. We are very process oriented. Each member in every department has the freedom to exercise their knowledge. Essential data collection and analysis findings enable us to make vital decisions to stay ahead of the curve. Typically, market research very is fragmented for independent grocers. Having no trackability can be challenging, but the discovery in small businesses helps validate potential, which is imperative to our development. Using technology to our advantage wherever possible is one of the reasons we have a very agile team. Together, we have never stopped challenging our previous knowledge. We are perpetually unsatisfied and are fueled by ambition. Adversely with respect to industry benchmarks, we are benchmarking based on our potential.
There are many processes contrary to industry standards in which we go above and beyond to serve our customers better. Having a small team with big dreams presents obstacles as we push ourselves out of our comfort zone. However, our willingness to expand towards taking on new ventures has furthered our growth – together; we feel capable and confident to take on challenges. We have pivoted ourselves to face USA markets by gradually screening our production, which has led to increased productivity. Broadening our horizon by turning to international procurement and leveraging global sourcing has helped mitigate potential risks. What is your stance on implementing innovative technologies? Alsafa's growth can be significantly attributed to embracing innovative technologies. We have kept technology as a major principle to differentiate ourselves from our competition. We started with 20 products in our portfolio and have since grown it 4x more to over 80 products with the objective of adding more. We have purposefully leveraged technology in every step of our processes and utilized this as an enabler to aid in the way we achieve sales. In what traditions is your company contributing to the communities? Alsafa donates 1% of our revenue to education and has gradually increased donations since, as we believe education is the foundation on which hardships can be solved. We partnered with United Nations High Commissioner for Refugees (UNHCR) to broaden our initiatives. This endeavor was made possible by Alsafa's compassion for helping others and united belief amongst employees for enabling equal opportunity. Philanthropic efforts are especially dear to my heart, being a beneficiary as an immigrant. Giving similar opportunities is the beauty of North America, and the reason for its flourishing growth and prosperity as positive change starts in our backyard. How does Alsafa Foods promote workforce flexibility, and what is your role in it? As CEO and a leader within the organization, my goal is to establish a positive environment for my team to have the space and opportunity to apply their experiences and facilitate their creativity alongside business practices. Retention levels of employees are very high at Alsafa – the team who are talented and excel at what they do but also bring high-level proficiencies to aid in our accomplishments. We pride ourselves on being a very talent-driven organization by encouraging trials of new ventures and, most importantly, by learning from our mistakes. Alsafa's open door policy and flexibility to customize work schedules have supported the team throughout their personal and professional régimes. Our culture breathes initiative, giving our team the capability to go above and beyond their roles. What is the next chapter for Al Safa Foods in the ever- evolving F&B sector? We can foresee Alsafa's uncompromising progression will endure given the demand for Halal products. Alsafa is well equipped to provide and fulfill the expectations of consumers. Our continued growth trajectory is likely to service more regions in North America and beyond, expanding into the European and South American markets in the future. Our primary goal is to become more efficient and serve our customers across the globe. Alsafa operates with deliberate intentions with proven success to become an industry leader in providing Halal convenience foods in North America. Guiding us into the future will constantly be our strongholds of innovation and technology, aiding the principle that our profits come secondary to our customers. We remain committed to providing the best quality halal products that will bring the community closer together as we share their values and beliefs. As purchasers in the food industry evolve, Alsafa will continue to adapt and provide the highest level of service to the Muslim community and all consumers alike.
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Novel Perspec ves Emerging Business Leaders Modern TheTraits the I N D U S T R Y of of www.insightssuccess.com December | 2022 20
rganizations are the brains and power of successful leaders. They are Othe visionaries tasked with avoiding pitfalls for their brand. They must know when to take advantage of opportunities and how to motivate staff members to work hard for the company's objectives. Compelling pioneers rise above the title of "supervisor" or "chief." They have figured out how to combine charm, energy, and confidence, presumably with a solid portion of karma and timing. Most leadership traits can be learned and honed with time and practice, despite the perception that some people are born with these abilities. Some essential characteristics of a powerful and successful leader. Below are some of the traits of successful business leaders, walk through them and learn more about them! Self-management If you can't manage yourself, working well with others is hard. Being able to prioritize your goals and take responsibility for achieving them is part of self- management. To be a good leader, you must control your time, attention, and emotions. You must also know your strengths, weaknesses, and potential biases. Great leaders know how to deal with stress and keep their personal and professional lives in check. However, you must also be able to respond appropriately to people and situations and remember the significance of compassion. Remember to exercise self- control and discipline in your actions but try not to become rigid or overly reserved. Being A Successful Communicator Strong pioneers know when to talk and when to tune in. They are good communicators and can explain everything to their employees, from specific tasks to organizational www.insightssuccess.com December | 2022 21
goals, in simple terms. People will fall short if they do not understand or are aware of your expectations. Therefore, the more specific you be, the better. All levels of communication are required: one-on-one, with the entire department and staff, via phone, email, and social media. Work on being easygoing and involving people on various levels because communication is based on a constant flow of verbal and nonverbal conversations of thoughts and knowledge. Being Accountable and Responsible Managers who do well know how to use power and authority correctly without putting too much pressure on their staff. Influential leaders expect others to do the same, hold themselves accountable, and accept responsibility for their own errors. They are capable of making decisions that are both effective and productive while adhering to established procedures. They know how important it is to support and encourage people's individuality and how important it is to follow policies and rules in an organization. They are capable of balancing a variety of viewpoints while taking the right actions. Having a Vision for the Future Exemplary leaders envision the future of their company and set clear, attainable objectives that will benefit the organization. They exude confidence and optimism, which motivates those around them. Being a visionary is tied in with overseeing change while finding some kind of harmony between soundness and development. You must incorporate new strategies without losing sight of the primary objectives. Being a visionary requires acknowledging that the world around you is constantly changing and that what worked in the past may not work now. Practice being flexible and quick as you try novel approaches and authorize your business model to evolve as time passes. Innovation and Creativity Leaders must be willing to take risks with their experiments and promote creativity. This will encourage creative thinking that will help your company navigate the shifting usiness landscape and new directions. -ShreyasiShelke The most important thing is not to give up on your goals and to be open-minded and flexible in how you get there. Encourage those in your immediate vicinity to devote at least 15% of their time to exploring novel concepts through brainstorming and prototype development. Team Building and Promoting Teamwork Building and promoting a cohesive team are key components of effective leadership. Group building is crucial for driving a different and remarkable gathering with particular characters, inspirations, and abilities. Solid groups and cooperation are vital to accomplishing a large number of things on this rundown, like encouraging development, compelling correspondence, and achieving your association's objectives. If you recruit and train the right team, you will create an unstoppable force to drive your organization's success. Learning Agility Truly great leaders know that their leadership strength is based on their capacity to adapt to sudden changes in the environment and recognize opportunities and when to take advantage of them. Your overwhelming desire and curiosity will fuel your desire to learn and develop continuously. The capacity for critical thinking, acceptance of uncertainty, social and emotional intelligence, and the desire and perseverance to move forward are all necessary aspects of dynamic range. In conclusion, The emerging business leaders of today's industry possess distinctive characteristics that set them apart from the competition. They recognize the significance of adapting to change and are willing to take risks while remaining prudent. They emphasize developing relationships with those in their immediate environment and look for novel approaches to overcoming obstacles. When starting their businesses, new entrepreneurs can ensure that they prepare themselves for success by taking note of these characteristics. www.insightssuccess.com December | 2022 22
Prospects of Advancements Embracing the Innovations  GLOBAL Business Arena the www.insightssuccess.com December | 2022 32
nderstanding the ramifications for upcoming governments is essential Ubecause innovation is a practice that is constantly changing. To enhance the global knowledge base in this field and to learn from governments at the forefront. The advantages of innovation are abundant, and the government's economic and social difficulties necessitate novel strategies for resolving pressing societal issues in an environment undergoing rapid change. Continuously striving for improvement is at the heart of innovation, and the review has identified a few cross-cutting things governments can do to maximize innovation potential. Let's look at it and find out more about it! Scaling Government The government can conceive new ways to scale government services for the general public. Thanks to advancements in government processes and technology, it is revolutionizing conceptions of what scale means. New methods are being found to bring innovative practices into government and to scale them from minor to huge, for example, through change groups and advancement labs. Potential arrangements are likewise being recognized at a scale not beforehand conceivable, both at the little finish of the range and the enormous. www.insightssuccess.com December | 2022 33
Redefining the Boundaries of Citizen-government Countries are increasingly recognizing that good ideas may originate outside of government. Governments can learn new concepts and methods while fostering trust and inclusion by assisting citizen-driven innovation. This is accomplished through innovative initiatives like the Agents of Open Government initiative in So Paolo, Brazil, where citizens instruct civil servants in open government courses. Countries are also using technological tools to encourage citizen innovation. One example is Finland's online platform, Place to Experiment, which connects citizen innovators with government and crowdfunded resources to find new ways to improve government programs. Overcoming Bureaucratic Obstacles Innovation in the public sector may be hampered by internal regulations, procedures, structures, and the behaviors they generate. Innovative governments are employing methods to overcome these obstacles with problem-oriented innovation teams, cross-government innovation networks, user-centered design, and fostering the free flow of data and information across and beyond the public sector. Innovation may be successful within various organizations but will never spread throughout the government if it cannot overcome bureaucratic obstacles. Facilitating an Innovation-Supporting Culture Culture is possibly the most significant enabler and an obstacle to government innovation. Officials in established traditional cultures may be reluctant to take the lead, support efforts to improve connections between government employees and citizens, or be open and honest with the public. Government employees, on the other hand, are more likely to lay the groundwork for unlocking the other factors outlined above if they are allowed to be open and innovative, as well as if they are aware of the value and impact that innovation has both within the government and on the people it serves. With support from the highest levels of leadership, government culture is developed both from the top down and from the bottom up by developing innovative tools and skills for every public servant. Establish Alliances with all Relevant Parties Even though many nations are insourcing and building skills and capabilities within their governments, the - Shreyasi Shke government cannot do everything. Partnerships with businesses, experts, civil society organizations, and the general public must be formed that are strategic and ongoing. Each has skills and strengths, but government innovation is most successful when all three work together. Therefore, civil servants must balance and interpret the sometimes conflicting priorities of these various groups and have the authority to decide how to apply what they have learned. Legislatures from different purviews and nations can likewise act as helpful accomplices, as many offer everyday difficulties and may have formulated arrangements that can be reproduced or gained from. Legislative and Regulatory Frameworks for Data Governance Governments that treat data as an asset help reduce the risks to privacy and security that come with more human-machine interactions. Additionally, data are more easily discovered, exploited, and shared with the public through connection conduits like data portals when properly managed through sound governance. When implemented correctly, these channels can mitigate the adverse effects of government silos and bureaucratic barriers. A data release is the final aspect of data governance. Open-by- default data policies encourage nations to consider the downstream uses of data from the time it is collected. This can facilitate innovation as data moves from the government to the public domain. In conclusion, Any business that wants to remain successful and competitive must embrace new technologies in global business. By utilizing computerized devices, for example, man-made reasoning, superb information examination, and mechanization, organizations can acquire the upper hand in their particular business sectors. In addition, businesses can develop individualized solutions that are more likely to be accepted by consumers worldwide if they gain a deeper comprehension of customers' needs and trends through research and data analysis. Therefore, for modern businesses to succeed in today's rapidly evolving global market, they must remain ahead of the technological curve. www.insightssuccess.com December | 2022 34
The way of business solutions Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - (614)-859-2600 Email: info@insightssuccess.com For Subscrip on: www.insightssuccess.com We are also available on: Follow us on: www.facebook.com/insightssuccess/ www.twi er.com/insightssuccess

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