Manufacturing Sector - Canada and USA - August 2020 and September 2020
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Paul Young is a CPA and expert in manufacturing, business strategy, and emerging technology. The document provides an analysis of manufacturing sectors in the US, Canada, and globally. It also discusses how technology like AI is being used to support manufacturing. Key areas for economic recovery are seen in reshoring medical supply chains, expanding healthcare products, and focusing on skills trades and locally-made goods. Moving forward, countries will need to strengthen supply chain management and government policies to support continued recovery.
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Manufacturing Sector| Canada and USA| September 2020
Paul Young is a CPA and expert in various areas related to manufacturing, business processes, risk management, and emerging technology. The document provides an analysis of manufacturing sectors in the USA, Canada, and globally. It also discusses how technology like AI is impacting manufacturing and identifies some key areas for economic recovery, such as reshoring medical supply chains and expanding healthcare manufacturing. The document concludes that governments will need to refocus supply chain management and restructure various policies to support continued recovery.
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The document provides an agenda for analyzing and commenting on the manufacturing sector. It includes sections that will discuss recent data and trends regarding US and Canada industrial production and manufacturing activity. It also outlines how it will examine global manufacturing conditions. The document indicates it will analyze how technologies like artificial intelligence, robotic process automation, and analytics are increasingly being used in manufacturing to support workers and drive efficiency. Contact information is provided for Paul Young, the author of the analysis.
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1. Diesel fuel - https://www.dieselforum.org/about-clean-diesel/agriculture
2. Food Prices - https://www.reuters.com/world/china/world-food-price-index-climbs-april-highest-since-mid-2014-fao-2021-05-06/
3. Food supply - https://www.bloomberg.com/news/articles/2021-05-06/one-grain-is-keeping-the-world-s-food-crisis-from-getting-worse
4. Food Price Index - http://www.fao.org/worldfoodsituation/foodpricesindex/en/
5. https://troymedia.com/business/canadas-food-security-depends-on-significant-policy-shifts/#.YJz5waEpBPY - Food manufacturing lacks investment, suffers from thin margins, faces additional grocers’ fees and must deal with aging facilities
6. Carbon tax and farmers - https://westernstandardonline.com/2021/05/https-westernstandardonline-com-2021-05-farmers-may-catch-a-break-with-proposed-carbon-tax-exemptions/
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8. Income/Canada - https://www.ft.com/content/e9eef237-eb5f-4f64-ac60-12df66320358
9. Land Values - https://www.harvestpublicmedia.org/post/high-farm-incomes-lead-rising-land-values
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Paul Young is a CPA and expert in various areas related to manufacturing, business processes, risk management, and emerging technology. The document provides an analysis of manufacturing sectors in the USA, Canada, and globally. It also discusses how technology like AI is impacting manufacturing and identifies some key areas for economic recovery, such as reshoring medical supply chains and expanding healthcare manufacturing. The document concludes that governments will need to refocus supply chain management and restructure various policies to support continued recovery.
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The document provides an agenda for analyzing and commenting on the manufacturing sector. It includes sections that will discuss recent data and trends regarding US and Canada industrial production and manufacturing activity. It also outlines how it will examine global manufacturing conditions. The document indicates it will analyze how technologies like artificial intelligence, robotic process automation, and analytics are increasingly being used in manufacturing to support workers and drive efficiency. Contact information is provided for Paul Young, the author of the analysis.
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1. Diesel fuel - https://www.dieselforum.org/about-clean-diesel/agriculture
2. Food Prices - https://www.reuters.com/world/china/world-food-price-index-climbs-april-highest-since-mid-2014-fao-2021-05-06/
3. Food supply - https://www.bloomberg.com/news/articles/2021-05-06/one-grain-is-keeping-the-world-s-food-crisis-from-getting-worse
4. Food Price Index - http://www.fao.org/worldfoodsituation/foodpricesindex/en/
5. https://troymedia.com/business/canadas-food-security-depends-on-significant-policy-shifts/#.YJz5waEpBPY - Food manufacturing lacks investment, suffers from thin margins, faces additional grocers’ fees and must deal with aging facilities
6. Carbon tax and farmers - https://westernstandardonline.com/2021/05/https-westernstandardonline-com-2021-05-farmers-may-catch-a-break-with-proposed-carbon-tax-exemptions/
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8. Income/Canada - https://www.ft.com/content/e9eef237-eb5f-4f64-ac60-12df66320358
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1. Farm Incomes – https://ec.europa.eu/info/news/farm-income-increased-over-last-decade-important-differences-between-eu-countries-2021-jul-09_en
2. Farm - https://www.farminguk.com/news/only-half-of-farmers-plan-to-use-farm-income-in-later-life_58566.html
3. Sustainable Farming Practices - https://sentientmedia.org/sustainable-farming/
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7. Climate change - https://theconversation.com/to-make-agriculture-more-climate-friendly-carbon-farming-needs-clear-rules-160243
8. Climate change - https://www.reuters.com/business/environment/eu-farming-policy-failing-fight-climate-change-auditors-say-2021-06-21/
9. Food security - https://www.cbc.ca/news/canada/north/itk-food-security-strategy-released-1.6099119
10. Food Security - https://reliefweb.int/report/world/state-food-security-and-nutrition-world-2021-transforming-food-systems-food-security
11. Food Prices - https://blogs.imf.org/2021/06/24/four-facts-about-soaring-consumer-food-prices/
12. Food Prices - https://www.businessinsider.com/why-are-food-prices-rising-grocery-restaurants-inflation-more-expensive-2021-6
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Electrical Vehicles and Plug-In Stations Adoption| October 2021
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1. Battery production – https://www.newswire.ca/news-releases/stromvolt-to-build-canada-s-first-lithium-ion-cell-factory-with-cutting-edge-technology-from-delta-electronics-872754902.html
2. Australia line of credit to critical metals - https://www.bnnbloomberg.ca/australia-plans-1-5-billion-boost-in-race-for-critical-minerals-1.1658324
3. Silicon - https://www.nxtmine.com/news/articles/energy-critical-metals/silicon-metals-300-price-surge-throws-another-wrench-in-global-supply-chains/
4. Deep sea mining / lithium - https://www.theguardian.com/world/commentisfree/2021/oct/05/new-zealand-ruling-against-deep-sea-mining-set-a-global-precedent-now-ardern-should-ban-it
5. Refining - https://www.northernminer.com/subscribe-login/?id=1003834975
6. Energy - https://www.nxtmine.com/news/articles/articles/tsxv-lmr-global-energy-crisis-highlights-a-growing-need-for-ev-battery-minerals-like-lithium-graphite/
7. Lithium - https://news.yahoo.com/china-roundup-tesla-supplier-catl-160343311.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACPJ-YCav1FG72v42Kfrk2ifbDqD2KwdLLSp-JWZKnuGZwJrrk8Nc65CLt90WdPeFcIYstca26fHKWx9cgF83LqHyPNycG9gITEl4J3uMSyZjluOhGo31cY5Xuv96XjkvllsZP8q8xnkbGG3E6MCNPy1qBL27DTEzQ-kVrF0eazB
8. Cobalt - https://www.thehindubusinessline.com/markets/commodities/ev-battery-makers-may-face-problems-with-cobalt-supply-chain/article36836531.ece
9. Partnership - https://financialpost.com/commodities/energy/electric-vehicles/one-of-canadas-greenest-companies-taps-an-unlikely-financier-koch-industries
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Manufacturing Sector| Canada and USA| July 2020
Paul Young, a CPA and expert in various areas related to manufacturing, presents an analysis of the manufacturing sector. The document covers trends in industrial production and manufacturing in the US, Canada, and globally. It also discusses the impact of technology like AI and RPA on manufacturing. Key areas for recovery discussed include reshoring of medical supplies, expansion in healthcare products, and demand for plastics and locally-made goods. The document concludes that countries will need to refocus supply chain management and that governments will have to restructure policies to support economic recovery from COVID-19.
Manufacturing - Canada - May 2022 and April 2022.pptx
Summary:
Following seven consecutive monthly increases, manufacturing sales fell 2.0% to $71.6 billion in May, on lower sales in 11 of 21 industries. The decline was primarily driven by the motor vehicle (-31.9%), primary metal (-4.1%), and miscellaneous manufacturing (-10.8%) industries. Meanwhile, sales of petroleum and coal products (+5.4%) and machinery (+3.3%) increased the most.
Sales in constant dollars decreased 3.9% in May, indicating that lower volumes were responsible for the decline in sales on a current dollars basis, while the Industrial Product Price Index rose 1.7% in May.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220714/dq220714a-eng.htm
Manufacturing Sector - Canada - June 2022.pptx
Blog – What is next for Manufacturing in Canada – July 2022
Summary:
Following a 1.1% decline in May, manufacturing sales fell 0.8% to $71.8 billion in June, on lower sales in 8 of 21 industries, led by the petroleum and coal product (-7.8%), wood product (-7.2%) and aerospace product and parts (-16.8%) industries. Meanwhile, sales of motor vehicles (+13.8%) and chemical products (+6.0%) increased the most.
On a quarterly basis, sales rose 5.8% in the second quarter, the eighth consecutive quarterly gain and the third largest gain in dollars on record. The petroleum and coal industry (+21.9%) contributed the most to the increase, while the wood product industry (-6.3%) posted the largest quarterly decline.
Sales in constant dollars edged up 0.1% in June, while the Industrial Product Price Index declined 1.1% in that month. On a quarterly basis, constant dollars sales increased 1.3% in the second quarter.
Source – https://www150.statcan.gc.ca/n1/daily-quotidien/220815/dq220815a-eng.htm
Manufacturing Sector - Canada - July 2022.pptx
The document provides an agenda and summaries on various topics related to manufacturing in Canada. It includes summaries of the PMI index for Canada, sales of agricultural and automotive equipment, key commodity prices, and manufacturing sales data from Statistics Canada. It also shares several blog posts on developing manufacturing strategies, the impact of automation, reshoring trends, the role of data analytics, and top AI innovations in manufacturing. The conclusion calls for policies to support domestic supply chains, continued evolution of automation, and improved sourcing through data and AI to better manage supply chains.
What is next for the Global Economy| December 2021
Summary:
Global economy continues to face many headwinds like new variants or climate change or supply chain disruption or labor shortages or housing costs or high inflation or other geopolitical, fiscal, and economic issues and threats.
1. Income inequality - https://www.theguardian.com/business/2021/dec/07/global-inequality-western-imperialism-super-rich
2. Global Trade - https://www.weforum.org/agenda/2021/12/globalization-world-trade-bounce-back-from-covid-19/
3. Global economy - https://www.cityam.com/outlook-2022-global-economy/
4. Budget deficits - https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
5. Geopolitical risks - https://www.geopoliticalmonitor.com/
6. Labor shortages - https://www.qualtrics.com/blog/labor-shortages/
7. Digital adoption - https://www.fiercetelecom.com/telecom/report-digital-transformation-spending-will-catapult-to-6-8-trillion-by-2023
8. Mega Trends - https://www.ishares.com/us/insights/megatrends-themes-to-watch
9. HR - https://www.gartner.com/en/human-resources/trends/top-priorities-for-hr-leaders
10. Retail spending - https://www.fitchratings.com/research/corporate-finance/fitch-ratings-2022-outlook-us-retail-06-12-2021
How to reshore Supply Chain Management?
Paul Young is a CPA and subject matter expert in areas like risk management, costing, supply chain management, and emerging technology. The document discusses strategies for re-shoring key supply chains for medical supplies, pharmaceuticals, strategic metals, oil, natural gas, food processing, and relationships with China and the US. It recommends supporting local production and mining of resources, reviewing regulations, and developing multi-country supply chains to reduce single-point dependencies.
Global Automotive Sector - Analysis and Commentary - March 2022.pptx
Summary
Electrical vehicles will need to have road taxes/user fees as part of supporting the infrastructure for electrical vehicle as well as fixing the revenue loss from the gas taxes.
It will take billions of public and private sector moneys to build a plug-in station capacity
The power grid will require upgrades to support the electrical capacity
How best to Reshore Supply Chains
This presentation looks at how countries need to start identifying strategic products as part of better management of supply.
Manufacturing - Canada -February 2022 and March 2022.pptx
Manufacturing sales increased for the fifth consecutive month, up 4.2% to $67.7 billion in February on higher sales in 14 of 21 industries, led by the motor vehicle (+25.0%), food (+5.3%), petroleum and coal (+6.7%), and wood (+8.5%) industries. Meanwhile, sales of computer and electronic products decrease the most, down 7.9% to $1.2 billion in February. Total manufacturing sales rose 19.5% on a year-over-year basis in February.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220414/dq220414a-eng.htm
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Farming and Agricultural Equipment - June 2021
1. Farm Incomes – https://ec.europa.eu/info/news/farm-income-increased-over-last-decade-important-differences-between-eu-countries-2021-jul-09_en
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4. AG Tech - https://www.fooddive.com/spons/fueling-the-future-of-food-and-sustainable-farming-through-agtech-innovatio/602306/
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7. Climate change - https://theconversation.com/to-make-agriculture-more-climate-friendly-carbon-farming-needs-clear-rules-160243
8. Climate change - https://www.reuters.com/business/environment/eu-farming-policy-failing-fight-climate-change-auditors-say-2021-06-21/
9. Food security - https://www.cbc.ca/news/canada/north/itk-food-security-strategy-released-1.6099119
10. Food Security - https://reliefweb.int/report/world/state-food-security-and-nutrition-world-2021-transforming-food-systems-food-security
11. Food Prices - https://blogs.imf.org/2021/06/24/four-facts-about-soaring-consumer-food-prices/
12. Food Prices - https://www.businessinsider.com/why-are-food-prices-rising-grocery-restaurants-inflation-more-expensive-2021-6
13. Rising fuel costs - https://www.deccanherald.com/state/top-karnataka-stories/rise-in-fuel-prices-proves-costly-for-farmers-1007524.html
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Food and AG sector - Canada - march 2018
Many countries around the world provide support to agriculture sector
Agenda 2030 is pushing for more corporate farms
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1. Profshare Market Research published a study on the global servo motor market that expects it to show a CAGR of 2019-2027.
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Electrical Vehicles and Plug-In Stations Adoption| October 2021
Blog – Electrical Vehicle Adoption and Availability of Plug-in Stations – Canada and the World
1. Battery production – https://www.newswire.ca/news-releases/stromvolt-to-build-canada-s-first-lithium-ion-cell-factory-with-cutting-edge-technology-from-delta-electronics-872754902.html
2. Australia line of credit to critical metals - https://www.bnnbloomberg.ca/australia-plans-1-5-billion-boost-in-race-for-critical-minerals-1.1658324
3. Silicon - https://www.nxtmine.com/news/articles/energy-critical-metals/silicon-metals-300-price-surge-throws-another-wrench-in-global-supply-chains/
4. Deep sea mining / lithium - https://www.theguardian.com/world/commentisfree/2021/oct/05/new-zealand-ruling-against-deep-sea-mining-set-a-global-precedent-now-ardern-should-ban-it
5. Refining - https://www.northernminer.com/subscribe-login/?id=1003834975
6. Energy - https://www.nxtmine.com/news/articles/articles/tsxv-lmr-global-energy-crisis-highlights-a-growing-need-for-ev-battery-minerals-like-lithium-graphite/
7. Lithium - https://news.yahoo.com/china-roundup-tesla-supplier-catl-160343311.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACPJ-YCav1FG72v42Kfrk2ifbDqD2KwdLLSp-JWZKnuGZwJrrk8Nc65CLt90WdPeFcIYstca26fHKWx9cgF83LqHyPNycG9gITEl4J3uMSyZjluOhGo31cY5Xuv96XjkvllsZP8q8xnkbGG3E6MCNPy1qBL27DTEzQ-kVrF0eazB
8. Cobalt - https://www.thehindubusinessline.com/markets/commodities/ev-battery-makers-may-face-problems-with-cobalt-supply-chain/article36836531.ece
9. Partnership - https://financialpost.com/commodities/energy/electric-vehicles/one-of-canadas-greenest-companies-taps-an-unlikely-financier-koch-industries
10. Trade association - https://auto.economictimes.indiatimes.com/news/auto-components/miners-of-half-of-global-lithium-output-set-up-trade-association/86681890
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Electrical Vehicles and Plug-In Stations Adoption| October 2021
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Similar to Manufacturing Sector - Canada and USA - August 2020 and September 2020
Manufacturing Sector| Canada and USA| July 2020
Paul Young, a CPA and expert in various areas related to manufacturing, presents an analysis of the manufacturing sector. The document covers trends in industrial production and manufacturing in the US, Canada, and globally. It also discusses the impact of technology like AI and RPA on manufacturing. Key areas for recovery discussed include reshoring of medical supplies, expansion in healthcare products, and demand for plastics and locally-made goods. The document concludes that countries will need to refocus supply chain management and that governments will have to restructure policies to support economic recovery from COVID-19.
Manufacturing - Canada - May 2022 and April 2022.pptx
Summary:
Following seven consecutive monthly increases, manufacturing sales fell 2.0% to $71.6 billion in May, on lower sales in 11 of 21 industries. The decline was primarily driven by the motor vehicle (-31.9%), primary metal (-4.1%), and miscellaneous manufacturing (-10.8%) industries. Meanwhile, sales of petroleum and coal products (+5.4%) and machinery (+3.3%) increased the most.
Sales in constant dollars decreased 3.9% in May, indicating that lower volumes were responsible for the decline in sales on a current dollars basis, while the Industrial Product Price Index rose 1.7% in May.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220714/dq220714a-eng.htm
Manufacturing Sector - Canada - June 2022.pptx
Blog – What is next for Manufacturing in Canada – July 2022
Summary:
Following a 1.1% decline in May, manufacturing sales fell 0.8% to $71.8 billion in June, on lower sales in 8 of 21 industries, led by the petroleum and coal product (-7.8%), wood product (-7.2%) and aerospace product and parts (-16.8%) industries. Meanwhile, sales of motor vehicles (+13.8%) and chemical products (+6.0%) increased the most.
On a quarterly basis, sales rose 5.8% in the second quarter, the eighth consecutive quarterly gain and the third largest gain in dollars on record. The petroleum and coal industry (+21.9%) contributed the most to the increase, while the wood product industry (-6.3%) posted the largest quarterly decline.
Sales in constant dollars edged up 0.1% in June, while the Industrial Product Price Index declined 1.1% in that month. On a quarterly basis, constant dollars sales increased 1.3% in the second quarter.
Source – https://www150.statcan.gc.ca/n1/daily-quotidien/220815/dq220815a-eng.htm
Manufacturing Sector - Canada - July 2022.pptx
The document provides an agenda and summaries on various topics related to manufacturing in Canada. It includes summaries of the PMI index for Canada, sales of agricultural and automotive equipment, key commodity prices, and manufacturing sales data from Statistics Canada. It also shares several blog posts on developing manufacturing strategies, the impact of automation, reshoring trends, the role of data analytics, and top AI innovations in manufacturing. The conclusion calls for policies to support domestic supply chains, continued evolution of automation, and improved sourcing through data and AI to better manage supply chains.
What is next for the Global Economy| December 2021
Summary:
Global economy continues to face many headwinds like new variants or climate change or supply chain disruption or labor shortages or housing costs or high inflation or other geopolitical, fiscal, and economic issues and threats.
1. Income inequality - https://www.theguardian.com/business/2021/dec/07/global-inequality-western-imperialism-super-rich
2. Global Trade - https://www.weforum.org/agenda/2021/12/globalization-world-trade-bounce-back-from-covid-19/
3. Global economy - https://www.cityam.com/outlook-2022-global-economy/
4. Budget deficits - https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
5. Geopolitical risks - https://www.geopoliticalmonitor.com/
6. Labor shortages - https://www.qualtrics.com/blog/labor-shortages/
7. Digital adoption - https://www.fiercetelecom.com/telecom/report-digital-transformation-spending-will-catapult-to-6-8-trillion-by-2023
8. Mega Trends - https://www.ishares.com/us/insights/megatrends-themes-to-watch
9. HR - https://www.gartner.com/en/human-resources/trends/top-priorities-for-hr-leaders
10. Retail spending - https://www.fitchratings.com/research/corporate-finance/fitch-ratings-2022-outlook-us-retail-06-12-2021
How to reshore Supply Chain Management?
Paul Young is a CPA and subject matter expert in areas like risk management, costing, supply chain management, and emerging technology. The document discusses strategies for re-shoring key supply chains for medical supplies, pharmaceuticals, strategic metals, oil, natural gas, food processing, and relationships with China and the US. It recommends supporting local production and mining of resources, reviewing regulations, and developing multi-country supply chains to reduce single-point dependencies.
Global Automotive Sector - Analysis and Commentary - March 2022.pptx
Summary
Electrical vehicles will need to have road taxes/user fees as part of supporting the infrastructure for electrical vehicle as well as fixing the revenue loss from the gas taxes.
It will take billions of public and private sector moneys to build a plug-in station capacity
The power grid will require upgrades to support the electrical capacity
How best to Reshore Supply Chains
This presentation looks at how countries need to start identifying strategic products as part of better management of supply.
Manufacturing - Canada -February 2022 and March 2022.pptx
Manufacturing sales increased for the fifth consecutive month, up 4.2% to $67.7 billion in February on higher sales in 14 of 21 industries, led by the motor vehicle (+25.0%), food (+5.3%), petroleum and coal (+6.7%), and wood (+8.5%) industries. Meanwhile, sales of computer and electronic products decrease the most, down 7.9% to $1.2 billion in February. Total manufacturing sales rose 19.5% on a year-over-year basis in February.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220414/dq220414a-eng.htm
Stock Market Analysis and Commentary for WE September 9 2023.pptx
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Stock Market Analysis and Commentary for WE September 15 2023.pptx
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
How to reshore Supply Chains
The document discusses strategies for re-shoring supply chains. It recommends diversifying supply sources beyond China through partnerships with local companies in other countries. Companies should consider a "China-plus-one" model to reduce dependence on Chinese suppliers. Governments need to work together on economic development strategies to attract reshoring. Technologies like blockchain can help improve supply chain management and transparency.
How to reshore Supply Chain and build a resilient Supply Chain
Summary:
Food costs in Canada and around the world are at 40 years high
Trudeau has invoked the emergency act to quell the trucker uprising. Trudeau did little to resolve issues with other protests when they impacted the supply chain. https://www.bbc.com/news/world-us-canada-60381096
Canada supply chain has struggle with port capacity, warehouse capacity, rail capacity, higher taxes, and excessive regulations as part of getting goods out of the ground to market.
Canada continues with federal mandates on COVID restrictions while countries around the world continue to lift the restrictions. https://www.dw.com/en/covid-digest-netherlands-to-lift-coronavirus-restrictions/a-60780006 or https://www.cnbc.com/2022/02/11/european-countries-scrap-covid-rules-despite-warnings-its-too-soon.html
1. Mining Sector / Canada - https://www.mining.com/new-training-program-aims-to-tackle-labour-shortage-break-barriers-in-canadian-mining/
2. Mining / Chile - https://breachmedia.ca/chile-in-the-crosshairs-of-a-canadian-resource-rush/
3. Oil output – https://www.reuters.com/business/energy/oil-prices-soar-us-drillers-scramble-find-sand-fracking-2022-02-15/
4. Intermodal - https://www.freightwaves.com/news/csx-norfolk-southern-tout-intermodal-investments-in-south-midwest
5. Warehousing - https://www.theglobeandmail.com/business/industry-news/property-report/article-suburban-office-teardowns-make-way-for-industrial-warehouses/
6. eCommerce and Canada - https://www.emarketer.com/content/canada-s-ecommerce-sales-reach-nearly-80-billion-2022
7. Farming and Food - https://www.eatingwell.com/longform/7945845/who-will-farm-our-future/
8. Food - https://www.producer.com/news/farm-groups-demand-govt-end-border-blockades/
9. Home prices - https://www.bnnbloomberg.ca/new-home-prices-in-canada-jump-most-in-three-years-on-lumber-1.1497034
10. Lumber - https://www.marketplace.org/2022/02/15/lumber-prices-soar-on-hot-demand-and-supply-bottlenecks/
11. Ports - https://www.marketplace.org/2022/02/15/lumber-prices-soar-on-hot-demand-and-supply-bottlenecks/
12. Australia - https://investingnews.com.au/australian-mining-jurisdictions
13. Mining - https://www.miningweekly.com/article/commodity-prices-drive-bhp-profits-up-2022-02-15
14. Manufacturing - https://www.automationmag.com/report-canadian-manufacturing-showed-growth-in-january-2022-despite-challenges/?utm_source=rss&utm_medium=rss&utm_campaign=report-canadian-manufacturing-showed-growth-in-january-2022-despite-challenges
How to reshore Supply Chain and build a resilient Supply Chain
Summary:
Famers are struggling with higher input costs.
Liberals’ policies have done little to support getting goods out of the ground to market
Food processors production has been impacted by labor shortages.
1. Lithium supply - https://www.cnbc.com/2022/01/23/lithium-hits-record-amid-ev-boom-these-companies-could-be-the-winners.html
2. Lumber supply - https://canada.constructconnect.com/joc/news/resource/2022/01/hope-for-stable-lumber-prices-gets-chopped-down
3. Metals - https://www.recyclingtoday.com/article/precious-metals-price-rebound-unlikely-2022/
4. Food security - https://www.deseret.com/utah/2022/1/22/22884568/byu-researchers-breed-hybrid-quinoa-global-food-insecurity-morocco-climate-change-farming
5. Farmers and Carbon taxes - https://www.producer.com/news/farmers-pan-new-carbon-tax-rebate/
6. Feed costs and supply - https://financialpost.com/commodities/agriculture/canada-one-of-top-buyers-of-u-s-corn-as-cattle-ranchers-scour-for-grain
7. Fertilizers - https://financialpost.com/commodities/agriculture/canada-one-of-top-buyers-of-u-s-corn-as-cattle-ranchers-scour-for-grain
8. LNG - https://www.workboat.com/viewpoints/u-s-on-the-fast-track-to-top-lng-dog
9. Oil investment - https://ca.finance.yahoo.com/news/canada-sees-oil-investment-rise-160000700.html
10. Australia and Mining output - https://www.mining.com/web/bhp-posts-5-jump-in-second-quarter-iron-ore-output/
11. Food processors and output – https://ipolitics.ca/2022/01/12/agriculture-labour-shortage-costing-billions-in-lost-sales/
12. Canola - https://www.newswire.ca/news-releases/fcl-to-construct-2-billion-integrated-agriculture-complex-entering-into-joint-venture-with-agt-foods-on-a-new-canola-crushing-facility-886447323.html
What is next for the Global Economy - October 2022.pptx
Blog – What is next for the Global Economy – October 2022
The global economy faces many challenges including high inflation and geopolitical risks.
Global debt levels are a deep concern for central banks as interest rates continue to rise
All levels of government need to re-think their progressive agenda. More needs to be done to reign in government spending. More emphasis needs to be on digital government and value for money as it relates to program spending and performance
Closing tax loopholes should be a priority for all levels of government as part bringing in tax fairness
Countries like Canada need to do more to streamline their regulatory process as part of getting goods out of the ground to market.
Farmers need more policy support as part of adopting vertical and expert farming practices. Food security and costs continue to be an issue for governments around the world
Power grid will require trillions of investments as it moves to net zero. Low electricity rates are likely a thing of the past. The capital recovery by electrical power generators will see a rise in rates.
The world needs to find ways to bring peace to world. United Nations needs to do a better job working with countries to resolved political issues with countries.
Canada - What is next for Manufacturing - August 2021 and September 2021
This document provides an overview of manufacturing in Canada. It begins with biographical information about Paul Young and his areas of expertise. The agenda then outlines topics to be covered, including the PMI Index for Canada, commodities, agricultural equipment, automotive KPIs, and various blogs on manufacturing strategy, automation, reshoring, supply chain management, and innovation. Statistics and insights are sourced from various organizations. The document concludes with a summary emphasizing the need to support domestic supply chains, the continued evolution of automation, and improving sourcing through data and AI.
Manufacturing Sector – Canada – July 2023.pptx
Blog – Canada Manufacturing Sector Analysis and Commentary for July 2023
Summary:
Canada manufacturing sales rose 1.2% mom to CAD 72.9B in May, above expectation of 0.8%mom. The rise was mainly driven by higher sales of chemical products (+4.8%), motor vehicles (+4.8%) and machinery (+4.2%). Sales in primary metal manufacturing decreased the most (-6.9%).
Source - https://www.actionforex.com/live-comments/509996-canada-manufacturing-sales-rose-1-2-mom-in-may/
Other links and sources:
Commodity prices - https://www.capitaleconomics.com/publications/commodities-outlook/energy-prices-buck-downbeat-trend
Raw material costs - https://www.homebuilding.co.uk/news/construction-materials-shortage
Inventory - https://www.oliverwyman.com/our-expertise/insights/2023/jul/how-manufacturers-can-reduce-inventory-crises.html
ESG - https://www.plantemoran.com/get-to-know/news/2023/07/esg-standards-crucial-for-automakers
Downtime / Predictable Analytics - https://www.iiot-world.com/predictive-analytics/predictive-maintenance/the-actual-cost-of-downtime-in-the-manufacturing-industry/
Advanced Manufacturing - https://www.kearney.com/service/operations-performance/article/navigating-the-future-of-manufacturing
Canada - What is next for Manufacturing - September 2021 and October 2021
The document provides an agenda and summary for a presentation on manufacturing in Canada. It includes summaries of key performance indicators for manufacturing in Canada, as well as blogs on developing manufacturing strategies, automation and innovation, reshoring, and the top 10 AI innovations impacting manufacturing. The summary highlights that governments need policies to support domestic supply chains, automation will continue evolving, and improving sourcing through data and AI.
How to reshore Supply Chain Management?
Paul Young, a CPA and expert in supply chain management, risk management, and emerging technologies, outlines key considerations for re-shoring supply chains. He discusses trends in reshoring for various strategic products and industries, including medical supplies, pharmaceuticals, rare metals, oil, natural gas, food processing, and the impacts of technology disruption and COVID-19. Young emphasizes the need for collaboration between governments and businesses to strengthen domestic supply chains through policies supporting strategic industries, infrastructure, and a skilled workforce.
Global Automotive - March 2023 - Analysis and Commentary.pptx
Blog – What is next for Global Automotive Sales and Production – April 2023
Summary:
Global automotive sector continues to face many challenges including the green transition.
Expansion of plug-in stations capacity continues to plague governments around the world - https://www.forbes.com/sites/richardkestenbaum/2023/04/03/shells-169-million-volta-acquisition-highlights-uncertainty-for-convenience-store-industry/?sh=60bb86586ea0 or https://infocastinc.com/event/ev-infrastructure-finance-investment
Challenges continue to face the transportation sector as part of transitioning to cleaner fuel sources - https://www.nature.com/articles/d41586-023-00951-z
Lithium production and supply continues to face many challenges - https://www.bnnbloomberg.ca/china-s-lithium-hub-cuts-back-production-after-price-collapse-1.1905158
Critical metals continue to experience wild swings - https://resource-recycling.com/e-scrap/2023/04/05/lithium-copper-cobalt-prices-trend-down/
Safety issues with electrical vehicles continue to be addressed - https://weta.org/watch/shows/reactions/why-are-electric-vehicle-fires-so-hard-put-out-bt9l2a
Insurance Risks - https://www.thejakartapost.com/business/2023/04/05/ev-insurance-in-limbo-amid-battery-spare-part-risks.html
Similar to Manufacturing Sector - Canada and USA - August 2020 and September 2020 (20)
Manufacturing - Canada - May 2022 and April 2022.pptx
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What is next for the Global Economy| December 2021
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How to reshore Supply Chain and build a resilient Supply Chain
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More from paul young cpa, cga
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptx
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptx
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
What is next for the Mining Sector.pptx
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Manufacturing Sector – United States – August 2023.pptx
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Manufacturing Sector – Canada – September 2023.pptx
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptx
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
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Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
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What is next for Agriculture Sector - August 2023.pptx
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
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This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
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- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
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Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
World Merchandise Trade – September 2023.pptx
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
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This document discusses several topics related to education funding and policy in Ontario, Canada. It includes links to articles about the skills gap in trades, teacher salaries, school board budgets, and the Drummond Report which reviewed education spending. The document questions whether the reader looks at school board budgets and supports bringing back ARC analysis of low-enrollment schools. It also debates the impacts of rising construction costs and the carbon tax on education funding.
Construction Spending and Outlook - The USA and the World - August 2023.pptx
Blog – Construction Sector Analysis and Commentary – August 2023
Summary:
The outlook for US construction of affordable housing is set to change dramatically over the next two years. "Developers see a massive shortage ahead, which threatens to undo the recent progress in closing the daunting affordable housing gap in many US cities," reports Bloomberg.
While interest rates have been increasing, the number of housing projects starting this year has been cut significantly. 2022 projects will typically come online after 18-24 months, therefore construction companies are expecting a severe supply shortage by mid-2025.
This slowdown is supported by statistics from the US Department of Housing and Urban Development (HUD) which received 506 applications as of May, eight months into fiscal year 2023, totalling US$12bn in Federal Housing Administration loans to construct multi-family developments. This is about half the volume of the same eight-month period in FY22 (940 applications for US$22bn) and less than one-third of the volume for the same stretch in FY21 (1739 applications for US$37bn).
The higher costs associated with inflation and rising interest rates are creating financial gaps making it hard for developers to complete below-market rental projects, resulting in significant delays, says Bloomberg.
Single-family construction starts slipped after a four-month run, down seven per cent in June, while applications for permits rose 2.2 per cent from May, according to the Census Bureau and HUD.
Source - https://www.cemnet.com/News/story/175467/us-construction-outlook-is-about-to-change-for-crh-and-others.html
Other links and sources
1. Biodiversity / Construction - https://coastcommunitynews.com.au/central-coast/news/2023/08/biodiversity-overhaul-could-pave-the-way-for-more-housing-construction/
2. CO2 embodying - https://www.linkedin.com/posts/algomaco_california-becomes-first-state-to-adopt-mandatory-activity-7095045267430809600-y2pV/
3. Green Cement - https://environmentjournal.ca/lafarge-canada-pilots-cleantech-project-to-support-sustainable-cement-production/
4. Building codes - https://www.buildinggreen.com/newsbrief/marin-county-first-adopt-low-carbon-concrete-code
5. Energy - https://www.armstrongceilings.com/commercial/en/performance/sustainable-building-design/embodied-carbon-in-buildings.html
6. Climate Change Risks - https://urbanland.uli.org/public/climate-risk-is-financial-risk-the-ever-evolving-landscape-of-climate-related-financial-disclosures/
7. Net Zero - https://www.esmagazine.com/articles/103351-the-path-to-net-zero-buildings-3-steps-to-turn-sustainability-ambition-into-action
8. Ports / Clean - https://www.bnnbloomberg.ca/ports-in-europe-lure-investors-into-clean-energy-gateway-plan-1.1966430
9. Broadband spending - https://ca.news.yahoo.com/broadcom-gives-downbeat-forecast-signaling-221519671.html
10. Construction materials - https://www.marketplace.org/2023/09/01/climate-change-is-making-home-construction-more-expe
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How has Britain’s safety net changed since 2010 and what comes next?
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Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsLabour Market Information Council | Conseil de l’information sur le marché du travail
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
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Manufacturing Sector - Canada and USA - August 2020 and September 2020
- 1. MANUFACTURING SECTOR – ANALYSIS AND COMMENTARY Paul Young CPA CGA October 16, 2020
- 2. PAUL YOUNG - BIO • CPA, CGA • Academia (PF1, FA4 and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Internal Controls • SME – Financial Planning and Analysis • SME – Business Strategy • SME – Emerging Technology • SME – Financial Solutions • SME – Business Process Change • SME – Supply Chain Management Contact information: Paul_Young_CGA@Hotmail.com
- 3. AGENDA • USA Industrial Production • USA Manufacturing • Canada Manufacturing • Global Manufacturing • Technology / Manufacturing • Key areas / recovery • What’s next
- 4. USA INDUSTRIAL PRODUCTION Source - https://economics.bmo.com/en/publications/detai l/1df924f9-6269-4825-b558-5c1601a1d71e/ or https://tradingeconomics.com/united- states/business-confidence PMI – Index – USA
- 6. UNITED STATES MANUFACTURING – AUGUST 2020 • USA MFG Employment https://www.industryweek.com/the- economy/competitiveness/article/22001153/can-us-manufacturing-be-made-great-again • PMI - https://www.mql5.com/en/economic-calendar/united-states/ism-manufacturing-pmi • MFG / September 2020 - https://www.reuters.com/article/us-usa-economy-manufacturing-idUSKBN26M6FT
- 7. CANADA MANUFACTURING Source – Stats Canada - https://www150.statcan.gc.ca/n1/daily-quotidien/201016/dq201016b- eng.htm
- 9. TECHNOLOGY / MANUFACTURING • AI – Strong CAGR - https://www.prnewswire.com/news- releases/global-ai-in-manufacturing-market-2020- 2026-covid-19s-impact-on-the-industry-and- future-projections-301108396.html • AI being used to augment workers to support manufacturing output - https://www.themanufacturer.com/articles/60-of- ai-powered-manufacturers-are-using-it-to- support-workers/ • RPA is being used to support manufacturing - https://whitelightgrp.com/2020/07/18/how- manufacturers-are-leveraging-rpa-to-drive- growth-and-efficiency/ • IBM Analytics / AI - https://www.ibm.com/blogs/client-voices/ai-visual- insights-drive-manufacturing-efficiency/
- 10. KEY AREAS OF RECOVERY • Reshoring of medical equipment and supplies - https://www.industryweek.com/supply-chain/article/21139479/rethinking- the-supply-chain-during-covid19 • Expansion of healthcare related products - https://www.canadianmanufacturing.com/regulation/economic-recovery-and- business-growth-opportunity-identified-in-new-canadian-industry-sector-report- 260366/ • Demand for plastics - https://www.houstonchronicle.com/business/energy/article/Petrochemicals- industry-could-face-peak-demand-15544358.php • Locally-made products - https://www.usw.ca/news/media- centre/releases/2020/governments-could-stop-layoffs-at-evraz-steel • Home renovations / tax credits - https://www.bnnbloomberg.ca/canadian- home-reno-spending-hit-80b-in-2019-outpacing-overall-economy- 1.1478045 • More emphasis on skills trades - https://www.slideshare.net/paulyoungcga/human-capital-management-of- existing-and-future-employees • Global Economy - https://www.slideshare.net/paulyoungcga/what-is-next- for-the-global-economy-october-2020 • Many manufacturers have been moving towards zero-waste. More tax policies need to be geared to support companies going to zero waste - https://www.slideshare.net/paulyoungcga/how-to-best-support-a-circular- economy
- 11. WHAT’S NEXT • Countries around the world will need to refocus on critical areas of supply chain management - https://www.slideshare.net/paulyoungcga/tranformation-of-supply-chains • There are vulnerability to economic recovery from COVID19, i.e. low oil prices, high debt levels, risky green deals, and job quality - https://www.slideshare.net/paulyoungcga/global-economy-current-state- and-whats-next • Small businesses continue to struggle the longer restrictions are placed on their businesses - https://www.slideshare.net/paulyoungcga/survival-or-collapse-small-business • Government needs to restructure its social, tax, economic and other policies - https://www.slideshare.net/paulyoungcga/fiscal-management-debt-and-deficits-canada or https://www.slideshare.net/paulyoungcga/fiscal-and-economic-management-state-and-local- government-united-states