Summary:
Canadian retail sales edged up in February on higher sales of clothing and gasoline, beating expectations for a small decline. Sales are expected to advance at a stronger pace in March.
Retail sales rose 0.1% in February to a seasonally adjusted 59.90 billion Canadian dollars, or the equivalent of US$47.61 billion, Statistics Canada said Friday. Market expectations were for a 0.4% decline in the month, according to economists at TD Securities.
In volume--or price-adjusted--terms, February retail sales decreased by 0.4%.
Sales increased in February in six of the 11 sectors tracked by the data agency. The overall advance was led by higher sales at clothing and clothing accessories stores and gasoline stations.
https://www.marketwatch.com/story/canada-retail-sales-rise-0-1-in-february-271650632606?mod=newsviewer_click
2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. Agenda
USA vs Canada (Retail Sales)
Gasoline Prices
Canada Retail Sales by Segment
Canada Retail Sales by Province
Canada / eCommerce
Global eCommerce
Issues facing Retail
Retail Council / 2021 Federal Budget
Canada Retail Sales Bankruptcies / Reorganizations
Home Renovations
Amazon
Cannabis Stores / Canada
Automation
Sales Forecasting
Supply Chain
Cash Flow Management
Risk Analytics / Retail
Planning Analytics and Cognos Analytics
4. USA vs Canada – Retail Sales
BMO -
https://economics.bmo.com/en/publications/detail/a853fd96-
0cca-432a-b7aa-2ebe705ff650/
https://economics.bmo.com/en/publicati
ons/detail/6f2cf917-a368-482e-8c45-
6cdd63a6020b/
U.S. Retail Sales
Deflating.pdf
14. Home
Renovations
Home renovations are booming in Canada
Source - https://www.cbc.ca/news/business/home-
renovations-covid-19-1.5703738
It could be a good opportunity to bring back the home renovation tax
credit - https://www.moneysense.ca/news/harper-pledges-to-re-
introduce-home-renovation-tax-credit/
16. Cannabis Stores
According to recently released financial statements,
the Ontario Cannabis Store (OCS) earned $18.6
million during its 2019-20 financial year. That’s a
welcome reversal from the previous year’s $42-
million loss. But while OCS did better financially than
its Alberta counterpart, it still lagged behind
Québec’s Société québécoise du cannabis (SQDC).
And even though Canada marked the second
anniversary of legalization this past weekend, both
Ontario and Québec still lack enough stores to make
legal products widely accessible, unlike in Alberta.
Source -
https://www.canadianmanufa
cturing.com/features/ontarios-
cannabis-agency-earns-18-6-
million-beating-albertas-but-
lagging-quebecs/
17. Automation
RPA / Retail - https://medium.com/@savvycom/rpa-101-applications-of-
rpa-in-retail-industry-46b90a53bbe6
Restructuring of business models for retail will include automation -
https://www.technology.org/2020/08/06/covid-19-will-encourage-
automation-in-retail-sector/
Business process automation / retail -
https://www.impactmybiz.com/blog/business-process-automation-in-
retail/
Retail Edge Stores - https://www.jabil.com/blog/retail-automation.html
Rebooting stores through automation -
https://retailtouchpoints.com/resources/rebooting-the-retail-store-
through-in-store-automation
Augment Reality / eCommerce - https://www.yahoo.com/lifestyle/now-
could-finally-time-augmented-181954198.html
Virtual Reality / eCommerce - https://supplychaingamechanger.com/how-
virtual-reality-vr-is-drastically-enhancing-the-e-commerce-shopping-
experience-infographic/
18. Blog –
Containers
Last month, a series of COVID-19 outbreaks in Chinese ports caused the worst
shipping delays in years, the impacts of which we will likely still be feeling by
the time the holiday season arrives. But port closures are only part of the story
behind the recent shipping delays impacting virtually every sector, from
furniture deliveries to food product shortages.
Shipping containers, especially refrigerated ones, have been extremely hard for
manufacturers and distributors to find and fill with goods over the past few
months. A key element of the supply chain, shipping containers transport large
volumes of goods along global shipping routes. Problems first arose in early
2020 when shipping lines canceled some routes amid growing COVID-19 case
numbers worldwide, but shipping container availability worsened as
unpredictable port closures, the Suez Canal blockage, and intensifying labor
shortages left containers stranded. As a result, international freight costs have
also grown dramatically, with limited availability, lengthy delays, and
lackluster service causing issues throughout the global supply chain.
https://www.thomasnet.com/insights/record-breaking-box-demand-stranded-
containers-lead-to-worst-shipping-delays-in-years/?ecms_id=7a28bad3-cea7-44d2-b9f6-
4897b99c1042&ecms_short=ART5655&doc_type=ted_video_article&parent_id=949c24
0b-29da-4827-aa56-
f2d4e5339f53&utm_content=featuredvideo&linktype=image&channel=email&campaign
_type=thomas_industry_update&campaign_name=tiu210816&utm_campaign=tiu21081
6&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045
Here is my work on supply chain -
https://ibm.box.com/s/bqy9mr0ktlgi64sbf49o4rg5d9w0rqkn
19. Pandemic and
Benefits
Blog – Eliminating Canada Emergency Wage Subsidy and the Canada
Emergency Rent to Small and Medium-size businesses
Business groups in Canada are warning that ending federal
pandemic-relief programs too soon could send shock waves
through the economy.
Cutting off wage and rent subsidies as planned on Oct. 23 will
force many businesses to reduce their hours, lay off staff or shut
down for good, they say.
https://www.canadianmanufacturing.com/manufacturing/small-
businesses-warn-of-layoffs-closures-if-pandemic-aid-isnt-extended-
274605/
Any changes to pandemic programs should be done through proper
consultation. Many businesses, especially in areas like retail and food
sector still are struggling with capacity issues, food costs, labor shortages,
debt issues, etc. The government should be targeted programs at those
sectors still recovering from the pandemic.
https://www.slideshare.net/paulyoungcga/dawn-of-a-new-era-for-
smallto-medium-size-public-and-private-sectors-entities-250476482
20. Food
Processing
Canada’s food manufacturers are cutting capacity and focusing
on key products as they confront labour shortages and supply
chain bottlenecks that show no signs of easing.
https://www.supplypro.ca/food-manufacturers-cut-capacity-
amid-labour-shortages-supply-chain-disruptions/
Here is my work -
https://www.slideshare.net/paulyoungcga/transportation-
sector-analysis-and-commentary-december-2021
Class 8 truck sales had a strong December 2021
Ports throughout the world continue to struggle with their
backlog
Retailers are adding more warehousing space
More and more warehousing is moving towards automation
25. Continuous
Intelligence
Planning
Blog – Mitigating risks with the supply chain using more
intelligence supply chain management solutions:
The complexity of supply chains has led both the private and
public sectors to re-think how they managed their supply chain
including the use of infused-AI.
This presentation looks at possible solutions as part of mitigating
risks related to purchasing to pay cycle as part of managing the
supply chain cycle.
https://ibm.box.com/s/63aqf8jo004v2bo5f8cf6eppgglhbvs5
26. ESG Reporting
Blog – Sustainability Reporting – Environmental, Social and
Governance Reporting (ESG)
Here is my update on ESG reporting. Both the private and
public sectors continue to expand reporting in areas like
environmental, social, and governance.
https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnc
e
27. Planning
Analytics and
Cognos
Analytics
Small and medium sizes businesses continue to
struggle with management of their data
Planning Analytics Digital Pack -
https://www.ibm.com/support/knowledgecenter/SSD29
G_2.0.0/com.ibm.swg.ba.cognos.tm1_cloud_mg.2.0.0.do
c/c_tm1_cloud_system_digital_pack.html
Cognos Analytics on Demand -
https://community.ibm.com/community/user/businessa
nalytics/blogs/david-cushing/2018/12/13/1
Planning Analytics with Cognos on Demand –
https://community.ibm.com/community/user/businessa
nalytics/blogs/bimpe-
adefowora/2020/11/11/padataondemand
Predictability -
https://community.ibm.com/community/user/businessa
nalytics/blogs/stuart-martin-phillips1/2020/10/02/easy-
forecasting-for-planning-users
28. Cybersecurity
Blog - Improving cybersecurity means understanding how
cyberattacks affect both governments and civilians -
https://www.linkedin.com/pulse/blog-improving-
cybersecurity-means-understanding-how-paul-
young/?published=t
29. Governance,
Risk, and
Compliance
Blog - IBM OpenPages with Watson can deliver a 218% return on
investment, finds Forrester study
https://www.ibm.com/blogs/watson/2020/12/ibm-openpages-with-
watson-can-deliver-a-218-return-on-investment-finds-forrester-
study/?campaign=socialselling&share=592db045-fde8-43e9-8ce3-
ff8d18fc175b&channel=linkedin&userID=cfad680f-7c88-4a2e-82e9-
f052d0bc4447&advocacy_source=everyonesocial&es_id=581e0fab6d
This ties nicely into my work on data, AI, security, and Platform:
Audit - https://ibm.box.com/s/noi1j6ixzl6ralxkm4g0zzs911wf6s76
Data and AI -
https://ibm.box.com/s/noi1j6ixzl6ralxkm4g0zzs911wf6s76
Machine Learning -
https://ibm.box.com/s/7fape09ryvkrj515urhcx4estuzzp5hp
Blog - Remote auditing not going away post-pandemic –
https://www.linkedin.com/pulse/blog-remote-auditing-going-away-
post-pandemic-paul-young/?published=t
30. Summary
February 2022 retail sales for Canada were up less
than 1% from January 2022
Retail Sales - Stats
Canada - February 2022.pdf
https://economics.bmo.com/en/publications/detail/a853fd96-0cca-432a-b7aa-2ebe705ff650/
Blog – Retail Sales and Consumer Spending – Canada
Wages need
'big-time' catch-up in Canada as inflation rages BMO - BNN Bloomberg.pdf
UK food production
to shrink as input inflation hits 24% - Farmers Weekly.pdf
The new reality of
6.7% inflation is that Canadians will be forced to spend less Radio-Canada.ca.pdf
Modern American
agriculture includes all 2 million farms - Agweek #1 source for agriculture news, farming, markets.pdf
Mapped Shanghai's
Supply Chain Standstill, as Seen by Satellites.pdf
Leading Global Keg
Supply Chain Companies Form New Steel Keg Association, Shine a Light on Circularity.pdf
Kraft Heinz and
Microsoft join forces to accelerate supply chain innovation as part of broader digital transformation - Stories.pdf
High food costs
shaping shopping patterns Metro CEO CTV News.pdf
Farms face long-term
challenges as production costs continue to skyrocket, fifth-generation farmer says Fox News.pdf
Dow Stock Climbs.
Rising Commodity Prices Weren't an Issue for Earnings. Barron's.pdf
CMHC No
affordability relief in sight for Vancouver housing in 2022 - Real Estate Business in Vancouver.pdf
Summary:
Source -
1. Food costs - https://www.ctvnews.ca/business/high-food-costs-shaping-grocery-shopping-
habits-and-buying-patterns-metro-ceo-says-1.5870637
2. Inflation - https://ici.radio-canada.ca/rci/en/news/1877805/the-new-reality-of-6-7-inflation-is-
that-canadians-will-be-forced-to-spend-less
3. Wages - https://www.bnnbloomberg.ca/wages-need-big-time-catch-up-in-canada-as-inflation-
rages-bmo-1.1754935
4. Supply chain - https://www.visualcapitalist.com/satellite-maps-shanghais-supply-chain-
standstill/
5. Circular economy - https://finance.yahoo.com/news/leading-global-keg-supply-chain-
110000835.html
6. Digital transformation - https://news.microsoft.com/2022/04/21/kraft-heinz-and-microsoft-
join-forces-to-accelerate-supply-chain-innovation-as-part-of-broader-digital-transformation/
7. Commodity Price - https://www.barrons.com/articles/dow-stock-price-earnings-rising-
commodity-prices-51650543864
8. Farm - https://www.agweek.com/opinion/columns/modern-american-agriculture-includes-all-2-
million-farms
9. Input costs - https://www.foxnews.com/us/future-of-u-s-farmers-at-risk-rising-input-costs-
continuously-sky-rocket
10. Farm - https://www.fwi.co.uk/business/markets-and-trends/input-prices/uk-food-production-
to-shrink-as-input-inflation-hits-24