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Retail Sales –
Canada –
January 2023
PAUL YOUNG CPA CGA
MARCH 24, 2023
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@outlook.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
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
USA vs Canada – Retail Sales U.S. Retail Sales No
Gas.pdf
A Summertime
Slump in Sales.pdf
A Real Bump in
Volumes.pdf
Price Change by
Main Area
Source – Stats Canada
Canada vs United States Inflation
PRESENTATION TITLE 2/11/20XX 6
Key Cost
Drivers
Gasoline
Retail Sales by Segment
Source – Stats Canada
Retail Sales by Province
Source – Stats Canada
eCommerce Sales / Canada
Source – Stats Canada
Global
eCommerce
Source -
https://dazeinfo.com/2020/08
/04/global-e-commerce-sales-
to-reach-3-9-trillion-in-2020-
report/
Issues facing Retail
Source - https://linchpinseo.com/common-challenges-facing-the-retail-industry/
1. Digital interruption
2. Finding Technological Solutions
3. Maintaining your customer base
4. Evolving customer expectations
5. Modern marketing
6. Inspiring and retaining employees
7. Effective internal communications
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/
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
Sales
Forecasting
Supply Chain
Improving Cash
Flow
Management
Risk Analytics
and Retail
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
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.
Source -
https://www.ibm.com/products/envizi?utm_content=SRCWW&p
1=Search&p4=43700072769102092&p5=e&gclid=CjwKCAiA9NGf
BhBvEiwAq5vSywPOE60WwM329FuWScZZL3koFUAW4ZBdlA3OY
XM0fBebz7qNw5q2sRoC_BwQAvD_BwE&gclsrc=aw.ds
Blog - 10 key ESG and sustainability trends, ideas for both
the Private and Public Sectors -
https://www.linkedin.com/posts/paul-young-055632b_10-
key-esg-and-sustainability-trends-ideas-activity-
7042799510351212545-
hwpI?utm_source=share&utm_medium=member_desktop
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
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
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
Summary
Retail sector continues to face challenges
Blog – Canada Retail and Consumer Spending for the month-ending January 2023
Interest rates along with inflation are leading to sluggish manufacturing and retail sales -
https://www.bloomberg.com/news/articles/2023-03-24/canada-economy-slows-as-higher-rates-crimp-
spending?leadSource=uverify%20wall
Higher housing costs continue to plague homeowners across Canada - https://blog.gitnux.com/canadian-
home-ownership-statistics/
Eco-Store - https://storeecofriendly.com/
Innovation retail solutions as part of getting to net zero - https://www.lpr.eu/blog/4-sustainable-trends-
retail or https://www.ingka.com/news/opinion-well-only-beat-climate-change-if-we-help-small-
businesses-cut-emissions-%E2%80%92-and-fast/ or
Future of retail sales - https://www.thinkwithgoogle.com/consumer-insights/consumer-trends/future-of-
retail/amp/
Retail trends and Stats - https://blog.gitnux.com/retail-statistics/
Top eCommerce Trends - https://www.techdogs.com/td-articles/techno-trends/top-trends-2023-
ecommerce
ESG and Sustainability - https://www.mytotalretail.com/article/responsible-sourcing-strategies-must-
begin-by-considering-suppliers/ or https://impact.economist.com/sustainability/net-zero-and-
energy/big-question-the-state-of-esg-
reporting?utm_medium=cpc.adword.pd&utm_source=google&ppccampaignID=18798097116&ppcadID
=&utm_campaign=a.22brand_pmax&utm_content=conversion.direct-
response.anonymous&gclid=Cj0KCQjwlPWgBhDHARIsAH2xdNfu-
lFihlQVDul4rXZaiWOhVWRUMKT5PPIj0iqeV6T6ELLM0iVCUi4aAk7hEALw_wcB&gclsrc=aw.ds

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Retail Sales and Consumer Spending - Canada - January 2023.pptx

  • 1. Retail Sales – Canada – January 2023 PAUL YOUNG CPA CGA MARCH 24, 2023
  • 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@outlook.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 U.S. Retail Sales No Gas.pdf A Summertime Slump in Sales.pdf A Real Bump in Volumes.pdf
  • 5. Price Change by Main Area Source – Stats Canada
  • 6. Canada vs United States Inflation PRESENTATION TITLE 2/11/20XX 6
  • 9. Retail Sales by Segment Source – Stats Canada
  • 10. Retail Sales by Province Source – Stats Canada
  • 11. eCommerce Sales / Canada Source – Stats Canada
  • 13. Issues facing Retail Source - https://linchpinseo.com/common-challenges-facing-the-retail-industry/ 1. Digital interruption 2. Finding Technological Solutions 3. Maintaining your customer base 4. Evolving customer expectations 5. Modern marketing 6. Inspiring and retaining employees 7. Effective internal communications
  • 14. 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/
  • 15. 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
  • 20. 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
  • 21. 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. Source - https://www.ibm.com/products/envizi?utm_content=SRCWW&p 1=Search&p4=43700072769102092&p5=e&gclid=CjwKCAiA9NGf BhBvEiwAq5vSywPOE60WwM329FuWScZZL3koFUAW4ZBdlA3OY XM0fBebz7qNw5q2sRoC_BwQAvD_BwE&gclsrc=aw.ds Blog - 10 key ESG and sustainability trends, ideas for both the Private and Public Sectors - https://www.linkedin.com/posts/paul-young-055632b_10- key-esg-and-sustainability-trends-ideas-activity- 7042799510351212545- hwpI?utm_source=share&utm_medium=member_desktop
  • 22. 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
  • 23. 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
  • 24. 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
  • 25. Summary Retail sector continues to face challenges Blog – Canada Retail and Consumer Spending for the month-ending January 2023 Interest rates along with inflation are leading to sluggish manufacturing and retail sales - https://www.bloomberg.com/news/articles/2023-03-24/canada-economy-slows-as-higher-rates-crimp- spending?leadSource=uverify%20wall Higher housing costs continue to plague homeowners across Canada - https://blog.gitnux.com/canadian- home-ownership-statistics/ Eco-Store - https://storeecofriendly.com/ Innovation retail solutions as part of getting to net zero - https://www.lpr.eu/blog/4-sustainable-trends- retail or https://www.ingka.com/news/opinion-well-only-beat-climate-change-if-we-help-small- businesses-cut-emissions-%E2%80%92-and-fast/ or Future of retail sales - https://www.thinkwithgoogle.com/consumer-insights/consumer-trends/future-of- retail/amp/ Retail trends and Stats - https://blog.gitnux.com/retail-statistics/ Top eCommerce Trends - https://www.techdogs.com/td-articles/techno-trends/top-trends-2023- ecommerce ESG and Sustainability - https://www.mytotalretail.com/article/responsible-sourcing-strategies-must- begin-by-considering-suppliers/ or https://impact.economist.com/sustainability/net-zero-and- energy/big-question-the-state-of-esg- reporting?utm_medium=cpc.adword.pd&utm_source=google&ppccampaignID=18798097116&ppcadID =&utm_campaign=a.22brand_pmax&utm_content=conversion.direct- response.anonymous&gclid=Cj0KCQjwlPWgBhDHARIsAH2xdNfu- lFihlQVDul4rXZaiWOhVWRUMKT5PPIj0iqeV6T6ELLM0iVCUi4aAk7hEALw_wcB&gclsrc=aw.ds