Retail Sales (Consumer Spending) - USA - March 2022.pptx
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The document discusses challenges facing the US retail sector, including supply chain hurdles and inflation. It provides an overview of US retail sales in March 2022, noting that while sales matched expectations, inflation likely caused retail volumes to decline. However, discretionary spending on items like furniture and clothing increased. The document also references challenges around shipping delays, port closures, container shortages, rising costs, and the impact of these issues on retailers.
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Retail Sales| USA| Advanced| February 2022
• Sales at autos & parts dealers continued to grow, rising 0.8% m/m even after January's upward revision to 4.6% vs. (5.7% reported earlier). Growth was concentrated in auto dealers, while sales in automotive parts & tire stores declined. Excluding autos, retail sales were up 0.2% m/m.
• Sales at gasoline stations were up 5.3% m/m, but most of it is explained by hefty price growth, with gasoline prices up by 6.6% m/m. Building materials retailers saw a gain of 0.9% m/m in February.
• Sales in the "control group", which exclude the above categories and are used in calculating personal consumption expenditures (and GDP), were down by 1.2% m/m. However, January's sales were revised to stronger +6.7% m/m from the advance reading of +4.8% m/m.
• Within the group, the biggest contributors to growth were sales at food services & drinking places (+2.5% m/m), miscellaneous stores retailers sporting goods (+1.9% m/m), hobby, book & music stores (+1.7% m/m), clothing & accessory stores (+1.1% m/m).
• The fortunes of non-store retailers reversed this month with a decline of 3.7%, but that's after an upwardly revised gain of 20.6% m/m in January (from +14.5% m/m reported earlier). Another contributor to the decline were health & personal care stores (-1.8% m/m) while all other categories reported marginal losses.
Source - https://economics.td.com/us-retail-sales
Retail Sales| USA| Advanced| January 2022
Summary:
The numbers: Sales at U.S. retailers such as Amazon and Best Buy jumped 3.8% in January as Americans bought more cars, furniture, consumer electronics and the like in a good sign for the economy.
The increase in sales was the largest since last March, when Americans spent a good chunk of their stimulus money from the government. A rapid decline in omicron cases during the month likely abetted the increase in spending, as did a shift in spending toward goods from services.
Source - https://www.marketwatch.com/story/coming-up-u-s-retail-sales-11645017404
1. USA retail sales grew by the most in 10 months during the month of December 2021 - https://www.bnnbloomberg.ca/u-s-retail-sales-rise-most-in-10-months-in-broad-based-rebound-1.1724263
2. Americans shrug off inflation with a buying spree - https://www.bloomberg.com/opinion/articles/2022-02-16/americans-shrug-off-inflation-with-some-retail-therapy
3. eCommerce - https://www.chainstoreage.com/us-retail-e-commerce-sales-exceed-1-trillion-year
4. 3D printing and innovation - https://retailtechinnovationhub.com/home/2022/2/15/four-ways-3d-printing-will-reshape-the-retail-industry
5. Automation - https://www.newequipment.com/learning-center/whitepaper/21227145/automation-will-help-drive-the-need-for-warehouse-workers-through-2024
6. Retail - https://www.salesforce.com/blog/retail-logistics/
7. Food - https://www.wisfarmer.com/story/news/2022/02/16/disruption-grocery-items-originate-middle-food-supply-chains/6813407001/
8. Robots - https://spectrum.ieee.org/how-robots-became-essential-workers-in-the-covid19-response
9. Mobile robots - https://www.robotics247.com/article/mobile_logistics_robots_play_starring_role_across_industries/industrial_automation
10. Consumer debt - https://www.greekradiofl.com/en/fed-the-US-consumer-debt-increased/
Retail Sales| USA| December 2021
Summary:
US stocks closed mixed on struggling bank stocks and lower retail sales.
Bank stocks, which had outperformed in recent weeks as interest rates moved higher, dropped as their earnings reports appeared to underwhelm investors despite strong numbers. JPMorgan Chase, the No. 1 U.S. bank by assets, showed profit and revenue that topped estimates, but shares fell 6.3%.
Also, retail sales fell 1.9% in December, much higher than that 0.1% drop economists had expected.
On the day, the DJIA dropped by 253 points, or 0.70%, to 36,291 and the S&P 500 declined 0.05% to 4,656.
But the tech-heavy Nasdaq increased 76 points, or 0.52%, to 14,883.
Source - https://ca.proactiveinvestors.com/companies/news/971206/us-stocks-continue-to-trend-downward-after-retail-sales-report-971206.html
1. USA retail sales - https://www.bnnbloomberg.ca/u-s-retail-sales-slide-sharply-as-inflation-weighs-on-consumers-1.1707640
2. Supply chain and retailers – https://www.supplychainbrain.com/blogs/1-think-tank/post/34225-supply-chain-predictions-covid-climate-change-consolidation-oh-my
3. Online shopping - https://www.supplychainbrain.com/articles/34376-online-holiday-spending-in-the-us-grew-at-the-slowest-rate-in-years- https://www.supplychainbrain.com/articles/34376-online-holiday-spending-in-the-us-grew-at-the-slowest-rate-in-years
4. Trucking - https://www.supplychainbrain.com/blogs/1-think-tank/post/34348-smart-fleets-driver-rewards-whats-coming-for-trucking-in-2022
5. Innovation - https://www.forbes.com/sites/bryanpearson/2022/01/11/7-retail-technologies-worth-watching-in-2022/?sh=704bbba04d4f
6. 3D printing - https://www.supplychainbrain.com/blogs/1-think-tank/post/34349-how-3d-printing-can-streamline-supply-chains
7. Warehousing - https://www.logisticsbusiness.com/it-in-logistics/shaping-exciting-year
8. Shopping malls - https://www.fastcompany.com/90712962/five-in-store-customer-experiences-every-retailer-should-provide
9. Consumer sentiments - https://www.shopify.ca/retail/retail-statistics
10. Key retail stats - https://www.shopify.ca/retail/retail-statistics
Retail Sales (Consumer Spending) - USA - May 2022.pptx
U.S. retail sales unexpectedly fell in May as motor vehicle purchases declined amid rampant shortages, and record high gasoline prices pulled spending away from other goods.
The first drop in sales in five months reported by the Commerce Department on Wednesday also suggested that high inflation was starting to hurt demand. It followed in the wake of major retailers like Walmart and Target cutting their profit forecasts because of cost pressures.
The weak retail sales did not divert the Federal Reserve from its aggressive monetary policy tightening path to bring inflation back to its 2% target. The U.S. central bank raised its policy interest rate by three-quarters of a percentage point, the biggest hike since 1994. [nL1N2Y12O3
Source – https://ca.finance.yahoo.com/news/u-retail-sales-unexpectedly-fall-125013289.html
Retail Sales and Consumer Spending - United States - September 2022.pptx
Summary:
The pace of sales at U.S. retailers was unchanged in September from August as rising prices for rent and food chipped away at money available for other things.
Retail sales were flat last month, down from a revised 0.4% growth in August, the Commerce Department reported Friday. Retail sales fell 0.4% in July.
Source - https://www.mysanantonio.com/news/article/Retail-sales-flat-in-September-with-inflation-hot-17508899.php
Retail Sales| Canada| September 2021
This document provides a summary of retail sales data in Canada for September 2021. It includes the following key points:
- Retail sales figures for Canada by segment and province for September 2021, with a comparison to USA retail sales trends.
- Discussion of factors influencing retail sales such as gasoline prices, consumer spending patterns, and e-commerce trends in Canada and globally.
- Issues currently facing the retail industry in Canada including the impact of the pandemic, expectations of customers, technology changes, and workforce challenges.
Retail Sales and Consumer Spending| Canada| January 2022
Retailers will continue face many challenges due to supply chain disruption and high inflation
More and more retailers look at ways to improve the customer experience
A new era of retailing that will include augment and virtual reality, end of the large shopping malls, changes to storefront, and other automation and AI solutions
Retail Sales and Consumer Spending - Canada - August 2022.pptx
Consumers continue to face higher prices and supply issues
Federal government has decided to increase both the carbon and payroll taxes https://www.cfib-fcei.ca/en/media/cfib-statement-on-the-start-of-small-business-week
Skills gap issues continue to plague the retail sector https://www.cimmigrationnews.com/ontario-retailers-worried-not-enough-workers-to-fill-jobs-heading-towards-christmas-season/
Logistics, warehousing, and distribution sector continue to look at ways to reduce their emissions - https://www.rcgauto.com/blog/technology-is-changing-the-trucking-industry/
More needs to be done to promote local supply sourcing by retailers - https://montrealgazette.com/shopping-essentials/gift-guide/how-to-support-small-local-businesses-on-amazon-canada
https://www150.statcan.gc.ca/n1/daily-quotidien/221021/dq221021a-eng.htm
Recommended
Retail Sales| USA| Advanced| February 2022
• Sales at autos & parts dealers continued to grow, rising 0.8% m/m even after January's upward revision to 4.6% vs. (5.7% reported earlier). Growth was concentrated in auto dealers, while sales in automotive parts & tire stores declined. Excluding autos, retail sales were up 0.2% m/m.
• Sales at gasoline stations were up 5.3% m/m, but most of it is explained by hefty price growth, with gasoline prices up by 6.6% m/m. Building materials retailers saw a gain of 0.9% m/m in February.
• Sales in the "control group", which exclude the above categories and are used in calculating personal consumption expenditures (and GDP), were down by 1.2% m/m. However, January's sales were revised to stronger +6.7% m/m from the advance reading of +4.8% m/m.
• Within the group, the biggest contributors to growth were sales at food services & drinking places (+2.5% m/m), miscellaneous stores retailers sporting goods (+1.9% m/m), hobby, book & music stores (+1.7% m/m), clothing & accessory stores (+1.1% m/m).
• The fortunes of non-store retailers reversed this month with a decline of 3.7%, but that's after an upwardly revised gain of 20.6% m/m in January (from +14.5% m/m reported earlier). Another contributor to the decline were health & personal care stores (-1.8% m/m) while all other categories reported marginal losses.
Source - https://economics.td.com/us-retail-sales
Retail Sales| USA| Advanced| January 2022
Summary:
The numbers: Sales at U.S. retailers such as Amazon and Best Buy jumped 3.8% in January as Americans bought more cars, furniture, consumer electronics and the like in a good sign for the economy.
The increase in sales was the largest since last March, when Americans spent a good chunk of their stimulus money from the government. A rapid decline in omicron cases during the month likely abetted the increase in spending, as did a shift in spending toward goods from services.
Source - https://www.marketwatch.com/story/coming-up-u-s-retail-sales-11645017404
1. USA retail sales grew by the most in 10 months during the month of December 2021 - https://www.bnnbloomberg.ca/u-s-retail-sales-rise-most-in-10-months-in-broad-based-rebound-1.1724263
2. Americans shrug off inflation with a buying spree - https://www.bloomberg.com/opinion/articles/2022-02-16/americans-shrug-off-inflation-with-some-retail-therapy
3. eCommerce - https://www.chainstoreage.com/us-retail-e-commerce-sales-exceed-1-trillion-year
4. 3D printing and innovation - https://retailtechinnovationhub.com/home/2022/2/15/four-ways-3d-printing-will-reshape-the-retail-industry
5. Automation - https://www.newequipment.com/learning-center/whitepaper/21227145/automation-will-help-drive-the-need-for-warehouse-workers-through-2024
6. Retail - https://www.salesforce.com/blog/retail-logistics/
7. Food - https://www.wisfarmer.com/story/news/2022/02/16/disruption-grocery-items-originate-middle-food-supply-chains/6813407001/
8. Robots - https://spectrum.ieee.org/how-robots-became-essential-workers-in-the-covid19-response
9. Mobile robots - https://www.robotics247.com/article/mobile_logistics_robots_play_starring_role_across_industries/industrial_automation
10. Consumer debt - https://www.greekradiofl.com/en/fed-the-US-consumer-debt-increased/
Retail Sales| USA| December 2021
Summary:
US stocks closed mixed on struggling bank stocks and lower retail sales.
Bank stocks, which had outperformed in recent weeks as interest rates moved higher, dropped as their earnings reports appeared to underwhelm investors despite strong numbers. JPMorgan Chase, the No. 1 U.S. bank by assets, showed profit and revenue that topped estimates, but shares fell 6.3%.
Also, retail sales fell 1.9% in December, much higher than that 0.1% drop economists had expected.
On the day, the DJIA dropped by 253 points, or 0.70%, to 36,291 and the S&P 500 declined 0.05% to 4,656.
But the tech-heavy Nasdaq increased 76 points, or 0.52%, to 14,883.
Source - https://ca.proactiveinvestors.com/companies/news/971206/us-stocks-continue-to-trend-downward-after-retail-sales-report-971206.html
1. USA retail sales - https://www.bnnbloomberg.ca/u-s-retail-sales-slide-sharply-as-inflation-weighs-on-consumers-1.1707640
2. Supply chain and retailers – https://www.supplychainbrain.com/blogs/1-think-tank/post/34225-supply-chain-predictions-covid-climate-change-consolidation-oh-my
3. Online shopping - https://www.supplychainbrain.com/articles/34376-online-holiday-spending-in-the-us-grew-at-the-slowest-rate-in-years- https://www.supplychainbrain.com/articles/34376-online-holiday-spending-in-the-us-grew-at-the-slowest-rate-in-years
4. Trucking - https://www.supplychainbrain.com/blogs/1-think-tank/post/34348-smart-fleets-driver-rewards-whats-coming-for-trucking-in-2022
5. Innovation - https://www.forbes.com/sites/bryanpearson/2022/01/11/7-retail-technologies-worth-watching-in-2022/?sh=704bbba04d4f
6. 3D printing - https://www.supplychainbrain.com/blogs/1-think-tank/post/34349-how-3d-printing-can-streamline-supply-chains
7. Warehousing - https://www.logisticsbusiness.com/it-in-logistics/shaping-exciting-year
8. Shopping malls - https://www.fastcompany.com/90712962/five-in-store-customer-experiences-every-retailer-should-provide
9. Consumer sentiments - https://www.shopify.ca/retail/retail-statistics
10. Key retail stats - https://www.shopify.ca/retail/retail-statistics
Retail Sales (Consumer Spending) - USA - May 2022.pptx
U.S. retail sales unexpectedly fell in May as motor vehicle purchases declined amid rampant shortages, and record high gasoline prices pulled spending away from other goods.
The first drop in sales in five months reported by the Commerce Department on Wednesday also suggested that high inflation was starting to hurt demand. It followed in the wake of major retailers like Walmart and Target cutting their profit forecasts because of cost pressures.
The weak retail sales did not divert the Federal Reserve from its aggressive monetary policy tightening path to bring inflation back to its 2% target. The U.S. central bank raised its policy interest rate by three-quarters of a percentage point, the biggest hike since 1994. [nL1N2Y12O3
Source – https://ca.finance.yahoo.com/news/u-retail-sales-unexpectedly-fall-125013289.html
Retail Sales and Consumer Spending - United States - September 2022.pptx
Summary:
The pace of sales at U.S. retailers was unchanged in September from August as rising prices for rent and food chipped away at money available for other things.
Retail sales were flat last month, down from a revised 0.4% growth in August, the Commerce Department reported Friday. Retail sales fell 0.4% in July.
Source - https://www.mysanantonio.com/news/article/Retail-sales-flat-in-September-with-inflation-hot-17508899.php
Retail Sales| Canada| September 2021
This document provides a summary of retail sales data in Canada for September 2021. It includes the following key points:
- Retail sales figures for Canada by segment and province for September 2021, with a comparison to USA retail sales trends.
- Discussion of factors influencing retail sales such as gasoline prices, consumer spending patterns, and e-commerce trends in Canada and globally.
- Issues currently facing the retail industry in Canada including the impact of the pandemic, expectations of customers, technology changes, and workforce challenges.
Retail Sales and Consumer Spending| Canada| January 2022
Retailers will continue face many challenges due to supply chain disruption and high inflation
More and more retailers look at ways to improve the customer experience
A new era of retailing that will include augment and virtual reality, end of the large shopping malls, changes to storefront, and other automation and AI solutions
Retail Sales and Consumer Spending - Canada - August 2022.pptx
Consumers continue to face higher prices and supply issues
Federal government has decided to increase both the carbon and payroll taxes https://www.cfib-fcei.ca/en/media/cfib-statement-on-the-start-of-small-business-week
Skills gap issues continue to plague the retail sector https://www.cimmigrationnews.com/ontario-retailers-worried-not-enough-workers-to-fill-jobs-heading-towards-christmas-season/
Logistics, warehousing, and distribution sector continue to look at ways to reduce their emissions - https://www.rcgauto.com/blog/technology-is-changing-the-trucking-industry/
More needs to be done to promote local supply sourcing by retailers - https://montrealgazette.com/shopping-essentials/gift-guide/how-to-support-small-local-businesses-on-amazon-canada
https://www150.statcan.gc.ca/n1/daily-quotidien/221021/dq221021a-eng.htm
Retail Sales and Consumer Spending| Canada| August 2021
Summary:
Retail sales were up 2.1% to $57.2 billion in August, led by higher sales at food and beverage stores (+4.8%), gasoline stations (+3.8%), and clothing and clothing accessories stores (+3.9%).
Sales increased in 9 of 11 subsectors, representing 94.6% of retail trade.
Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—were up 2.7%.
In volume terms, retail sales increased 1.4% in August.
https://www150.statcan.gc.ca/n1/daily-quotidien/211022/dq211022a-eng.htm https://economics.bmo.com/en/publications/detail/966f8e75-adb4-492b-8c14-924733071bb7/
1. Food costs - https://o.canada.com/news/local-news/lower-income-families-most-likely-to-be-pinched-by-rising-food-prices-supply-chain-problems
2. Rising oil and gas prices - https://www.fraserinstitute.org/article/rising-oil-prices-wont-solve-canadas-oil-and-gas-problems
3. Rise of propane costs - https://granthshala.com/skyrocketing-propane-prices-could-mean-trouble-for-some-canadians-this-winter/
4. Inflation has hit a 20-year high - https://dailyhive.com/vancouver/canada-inflation-highest-decades-2021
5. Supply chain - https://ca.sports.yahoo.com/news/sector-grows-manufacturing-dented-supply-091509523.html?src=rss
6. Global inflation - https://ca.news.yahoo.com/absolutely-concern-around-the-globe-over-inflation-accenture-ceo-144813190.html
7. Jobs and climate change - https://www.nationalobserver.com/2021/10/21/news/more-880000-canadian-jobs-vulnerable-global-clean-energy-transition
8. Rent and Wage - https://retail-insider.com/retail-insider/2021/10/cfib/
9. Pandemic - https://thecanadian.news/2021/10/21/how-to-lead-the-retail-trade-in-pandemic/
10. Retail innovation - https://retailtechinnovationhub.com/home/2021/10/22/five-retail-technology-trends-from-digital-fitting-rooms-to-sustainable-shopping
Retail Sales| Canada| December 2021
• January advance flash estimate +2.4%
• Prior was +0.7%
• Ex autos -2.5% vs -2.0% expected
• Prior ex autos +1.1%
• Ex autos and gas -2.4% vs +1.5% prior
• New auto sales -0.4% vs +0.1% prior
• Building material and garden equipment +14.1% vs +3.0% prior
• E-commerce sales +14.2% vs 1.1% y/y prior
Source - https://www.forexlive.com/news/canada-december-retail-sales-18-vs-21-expected-20220218/
1. Household debt Canada – https://www.creditcanada.com/blog/state-of-canadian-household-debt
2. Cash flow management and interest rates - https://debtsolutions.bdo.ca/ways-to-prepare-for-rising-interest-rate-hikes/
3. Median income - https://www.ictsd.org/what-is-the-median-household-income-in-canada/
4. Public sector pensions - https://www.benefitscanada.com/news/bencan/taxpayers-on-hook-for-liabilities-in-federal-employee-pension-plans-report/
5. Freight Rates - https://thedeepdive.ca/freight-costs-skyrocket-amid-canada-us-border-blockades/
6. Freight Pricing - https://www.freightwaves.com/news/canada-freight-pricing-to-jump-mullen-group-ceo-says
7. CPI - https://realeconomy.rsmus.com/inflation-in-canada-surpasses-5-with-broad-price-increases/
8. Food costs - https://www.macleans.ca/society/a-glaring-omission-from-trudeaus-letters-to-his-ministers-hunger/
9. Supply chain - https://www2.deloitte.com/ca/en/pages/finance/articles/covid-19-managing-supply-chain-risk-and-disruption.html
10. Oil benefits - https://www.bnnbloomberg.ca/why-canada-no-longer-reaps-the-full-benefits-of-high-oil-prices-1.1721538
11. Lumber - https://www.marketplace.org/2022/02/15/lumber-prices-soar-on-hot-demand-and-supply-bottlenecks/
12. Real estate - https://dailyhive.com/montreal/montreal-rent-price-february-2022
13. eCommerce - https://www.emarketer.com/content/canada-s-ecommerce-sales-reach-nearly-80-billion-2022
Retail Sales and Consumer Spending - Canada - March 2022.pptx
Canadian retail sales posted weaker-than-expected gains in March amid escalating inflation, higher energy prices and rising interest rates.
Receipts were little changed in March, Statistics Canada said on Thursday. Economists were anticipating a 1.4% sales gain.
While March receipts were up in 10 out of 11 subsectors led by higher sales at gasoline stations, lower sales at motor vehicle and parts dealers erased the gains in the remaining sectors, according to the agency.
Core retail sales, which exclude gasoline and automotive and parts, increased 1.5% in March. In volume terms, sales were down 1%.
Still, sales are expected to increase 0.8% in April, according to preliminary estimates.
Retail sales were up 3% in the first quarter of this year, the largest increase since the third quarter of 2020.
Source - https://www.bnnbloomberg.ca/canada-retail-receipts-unchanged-in-march-on-fewer-car-sales-1.1770970
Retail Sales and Consumer Spending - Canada - May 2022.pptx
Jul 22 (Reuters) - Canadian retail sales rose 2.2% in May from April at C$62.25 billion ($48.26 billion), on higher sales at gasoline stations, as well as motor vehicle and parts dealers, Statistics Canada said on Friday. Sales were seen to grow 0.3% in June, the agency said in a flash estimate.
Sales increased in eight of 11 subsectors, representing 86.8% of retail trade. In volume terms, retail sales were up 0.4%.
Source: https://www.nasdaq.com/articles/canada-may-retail-sales-up-2.2-seen-up-0.3-in-june
Retail Sales| Canada| November 2021
Summary:
Nov/21 retails sales went up 0.7% as compared to Oct/21
Nov/21 eCommerce sales experienced 30% increase over Oct/21
There are challenges with the supply chain, especially food processing and delivery.
https://www150.statcan.gc.ca/n1/daily-quotidien/220121/dq220121a-eng.htm
Source -
1. Supply Chain disruption / Trucker – https://www.reuters.com/business/canadian-vaccine-mandate-lead-inflation-empty-shelves-trucking-executives-say-2022-01-20/
2. Farmers - https://globalnews.ca/news/8527349/apas-research-farmer-share-increasing-food-prices/
3. Food - https://equity.guru/2022/01/21/canadian-supermarkets-report-food-shortages-as-food-prices-rise-the-most-since-2011/
4. Fertilizers - https://ca.finance.yahoo.com/news/fertilizer-crisis-getting-real-european-070000275.html
5. Organic food - https://www.producer.com/news/organics-face-headwinds-in-coming-year/
6. IKEA and zero emissions - https://www.businesswire.com/news/home/20220119005122/en/Bolt-Logistics-and-IKEA-Canada-Join-Forces-to-Deploy-One-of-Canada%E2%80%99s-Largest-Zero-Emission-Vehicle-Fleets
7. Digital store front - https://www.indianretailer.com/amp/article/technology/digital-trends/why-a-digital-storefront-makes-sense-for-retailers.a7697
8. Amazon and eCommerce - https://ca.finance.yahoo.com/news/amazon-still-the-top-e-commerce-brand-for-canadians-rbc-survey-202048727.html
9. OmniChannel – https://2xecommerce.com/podcast/ep331/
10. Amazon - https://www.dallasnews.com/business/retail/2022/01/20/amazon-says-its-first-clothing-store-will-be-tech-forward/
11. In store experience - https://cloudblogs.microsoft.com/dynamics365/bdm/2022/01/20/the-evolution-of-retail-store-into-an-experience-center/
12. ESG -
13. Retail innovation - https://retailtechinnovationhub.com/home/2022/1/20/the-six-biggest-retail-technology-news-stories-of-the-week
14. Competitiveness - https://www.businessinsider.in/retail/news/the-supply-chain-crisis-wouldnt-be-as-bad-if-shoppers-didnt-have-so-much-choice/articleshow/89017224.cms
15. Lumber - https://www.youtube.com/watch?v=wqgAffEFYZo
Retail Sales and Consumer Spending - Canada - April 2022.pptx
Summary:
The rebound in April and early strength in May were likely powered by income gains. First-quarter economic data indicated that Canadian household income rose at one of the fastest rates in more than 40 years, or 3.8% on a nonannualized nominal basis. The household savings rate also increased in the January-to-March period, to 8.1% from 6.9% in the previous quarter, giving consumers some cushion to deal with multidecade-high inflation.
Source - https://www.marketscreener.com/news/latest/Canada-Retail-Sales-Rise-0-9-in-April--40776866/
Retail Sales and Consumer Spending - Canada - February 2022.pptx
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
Retail Sales and Consumer Spending Analysis and Commentary - May 2023.pptx
Blog – Retail Sales and Consumer Spending Analysis and Commentary – May 2023
Summary:
Retail sector continues to face many challenges. High inflation continues to eat into retail sales volumes. Consumers continue to look for bargains as part of dealing with high inflation.
Technology continues to drive the retail experience like the metaverse.
ESG reporting is driving more brand awareness by consumers. Retailers continue to look at ways managed their various supply chains as part of adopting ESG policies and reporting.
Data and AI continues to play a key role with retail sector.
Retail Sales| Canada| October 2021
Summary:
Key Takeaway: Retail sales posted a solid gain in October and pointed to another increase in November. Consumers appear ready, willing, and able to spend, though higher prices are taking a bite out of volumes as inflation erodes purchasing power. And, tighter restrictions pose additional uncertainty to close out the year.
Source - https://economics.bmo.com/en/publications/detail/f75364d1-4d9a-4aa1-b6b2-573750da8c6a/
1. Retail Sales and Consumer Spending - https://www.marketwatch.com/story/canada-retail-sales-jump-1-6-in-october-271640095151
2. Consumer spending – https://economics.td.com/ca-quarterly-economic-forecast
3. Data and AI - https://www.innovatingcanada.ca/industry/using-ai-and-big-data-to-bring-retailers-into-the-digital-age/
4. Innovation - https://retailtechinnovationhub.com/home/2021/12/21/five-retail-technology-innovations-that-wont-be-big-in-2022
5. eCommerce - https://www.cantechletter.com/2021/12/take-a-look-at-these-canadian-e-commerce-stocks/
6. Policy - https://financialpost.com/opinion/opinion-leaving-2021-longstanding-problems-could-be-addressed-in-2022
7. Supply chain - https://ca.finance.yahoo.com/news/retail-sales-canada-surge-sign-134544714.html
8. Inflation - https://www.macleans.ca/economy/economy-inflation-trends-2022/
9. Furniture - https://www.retailcouncil.org/media-mentions/furniture-price-inflation-couldve-been-controlled/
10. Housing - https://www.mpamag.com/ca/mortgage-industry/industry-trends/covid-19-intensified-ongoing-housing-market-trends-rbc/320583
Retail Sales and Consumer Spending - Canada - February 2023.pptx
Blog – Canada Retail Sales and Consumer Spending Analysis and Commentary – April 2023
Summary:
The data published by Statistics Canada showed on Friday that Retail Sales declined by 0.2% monthly following January's 1.4% increase. This reading came in better than the market expectation for a decrease of 0.6%.
Further details of the publication revealed that Retail Sales ex-Autos fell by 0.7% in the same period.
Source: https://www.fxstreet.com/news/canada-retail-sales-decline-by-02-in-february-vs-06-expected-202304211235
Additional Links:
Consumer spending outlook - https://www.bloomberg.com/news/articles/2023-04-21/retail-sales-fall-in-canada-with-higher-rates-pinching-consumers?srnd=all#xj4y7vzkg
Household debt - https://financialpost.com/globe-newswire/canadians-on-economy-half-say-the-worst-is-yet-to-come
Food and wage growth - https://www.cbc.ca/news/business/boom-global-bust-column-don-pittis-1.6815554?cmp=rss
Commodities - https://www.ubs.com/global/en/wealth-management/insights/insights-display-adp/global/en/wealth-management/insights/chief-investment-office/house-view/daily/2023/latest-20042023.html?caasID=CAAS-ActivityStream
Gasoline prices continue to see ups and downs - https://toronto.ctvnews.ca/ontario-gas-prices-set-to-drop-again-here-s-when-that-will-happen-1.5986398
ESG - https://blogs.sap.com/2023/04/20/why-sustainability-should-still-matter-to-midsize-retailers-during-a-recession/ or https://www.winsightgrocerybusiness.com/retailers/10-ways-grocers-are-showing-their-environmental-friendliness-earth-day-2023
Data and Analytics and Retail - https://m.vingle.net/posts/5720306 or https://timesofindia.indiatimes.com/blogs/voices/top-ten-trends-and-practices-that-will-shape-e-commerce-in-2023/
Retail Sales and Consumer Spending - Canada - January 2023.pptx
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
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Blog – What is next for Retail Sector and Consumer Spending – August 2023
Despite months of predictions for a global recession, consumer activity and corporate earnings are holding up surprisingly well. We believe that global long-term interest rates probably peaked in October last year, and we are now observing encouraging signs of the start of corporate earnings re-acceleration.
Clearly, we are not completely out of the woods yet. Inflation is still sticky and further rate hikes are expected over the next few months, but when we look under the hood at the companies we research, resilience stands out.
This global resilience has been surprising to all of us. In Europe, consumers seemed to sail through a severe energy crisis last winter, and in the US, consumer activity in both discretionary and staples has far exceeded most expectations at the beginning of the year.
https://www.firstlinks.com.au/global-consumer-corporate-resilience-surprises-everyone
Links and sources:
Supply chain - https://www.waffleinsurance.com/resources/insuranpedia/how-do-loss-prevention-services-address-potential-risks-arising-from-supply-chain-disruptions
Fashion and their new business model - https://www.esginvestor.net/fast-fashion-race-losing-speed/
Retailing and Technology - https://www.retaildive.com/news/retail-industry-AI-adoption/691426/
Generative AI - https://www.pymnts.com/news/artificial-intelligence/2023/generative-ai-helps-auto-fill-b2b-complexities-streamlining-communications/
Logistics - https://enable.com/blog/top-challenges-facing-the-distribution-industry-how-to-overcome-them
Coles - https://www.foodmag.com.au/coles-to-partner-with-suppliers-to-set-emission-reduction-targets-by-2027/
How to best manage data - https://www.demandtalk.com/insights/data/big-data/the-power-of-retail-data-analytics-understanding-its-role-and-the-different-types/
Valdi - https://www.forbes.com/sites/walterloeb/2023/08/21/why-aldi-acquisition-of-winn-dixie-and-harveys-supermarket-is-a-big-win/?sh=6c90ed4445b9
Partnerships - https://www.verdictfoodservice.com/comment/food-service-retail-partnerships/
Sustainable shopping - https://retail-focus.co.uk/shopping-for-sustainability/
Automation - https://www.retailcustomerexperience.com/articles/reasons-why-retailers-are-marching-fast-toward-automation/
Robotics - https://www.tbsnews.net/world/global-economy/retailers-turn-robots-cost-inflation-fight-543282
Social governance and retailing - https://www.fashionabc.org/why-the-fashion-industry-has-to-balance-profit-with-esg-and-purpose/
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Blog – Consumer Spending and Retail Sales – Canada and the World – July 2023
Summary:
Retail sector continues to see slower consumer spending due to higher interest rates.
Port capacity including the impact of strikes have disrupted the supply chain in ports like Vancouver.
Freight costs have edge up in July 2023.
Retails continue to adopt ESG policies as part of managing their product, facilities, and overall supply chain.
Additional sources and links:
Canada Retail sales - https://www.bloomberg.com/news/articles/2023-07-21/retail-sales-starting-to-stall-in-canada-as-higher-rates-bite?srnd=economics-v2#xj4y7vzkg
Packaging / ESG - https://www.packaging-gateway.com/news/ahlstrom-creates-sustainable-stationery-packaging/
United Kingdom sales - https://www.bnnbloomberg.ca/uk-s-hot-june-delivers-unexpected-boost-for-retail-sales-1.1948717
Cloud and Retail - https://www.retail-insight-network.com/dashboards/filings/cloud-mentions-retail-industry/
Supply chain and global factors - https://www.scmr.com/article/supply-chains-need-to-adjust-now-to-new-global-factors
Retail Trends - https://www.scmr.com/article/supply-chains-need-to-adjust-now-to-new-global-factors
Blog - IoT Devices Are Changing the Global Emissions Game - https://www.linkedin.com/posts/paul-young-055632b_iot-devices-are-changing-the-global-emissions-activity-7088121500288888832-MBof?utm_source=share&utm_medium=member_desktop
AI - https://www.indianretailer.com/article/technology/digital-trends/ai-is-the-future-of-retail.a6927
Automation - https://www.netguru.com/blog/automation-in-retail
Warehouse automation - https://roboticsandautomationnews.com/2023/07/21/6-ways-ai-and-robotics-are-revolutionizing-warehouse-security/70793/
Freight costs - https://www.freightos.com/freight-resources/shipping-delays-and-cost-increases/
Merchandise Trade - Canada and the World.pptx
Summary:
• Canada's trade surplus narrowed in April, as the surplus in goods trade led the decline. Services trade also contributed to the move, as travel restrictions were lifted in Canada.
• Going forward, we see an improvement in the trade balance as higher commodity prices should support Canadian exports. Furthermore, easing supply chains should open the way for further gains in manufacturing exports.
Source - https://economics.td.com/ca-international-trade
Global Automotive Sector - Analysis and Commentary - April 2022.pptx
Summary:
The car shopping experts at Edmunds say that the automotive industry faces yet another challenging year marked by inventory shortages amid strong consumer demand, forecasting that 15.2 million new cars will be sold in 2022. Edmunds analysts note that this would represent a 1.2% increase from their estimate of 15 million new vehicle sales in 2021.
Source - https://www.bodyshopbusiness.com/edmunds-forecasts-15-2-million-new-vehicles-will-be-sold-in-2022/
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.
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 achieved nearly $3B trade surplus for the month of January 2022
The document summarizes recent trade data and trends between Canada, Australia, and other countries. It highlights that Canada's exports continue to be led by commodities and that higher commodity prices should enable Canada to register large trade surpluses in the coming months. However, supply chain issues and the conflict in Ukraine add uncertainty. The document also discusses risks to food security from the Ukraine conflict and China and Russia expanding influence over critical metals in Africa. Australia is shown to have stronger trade relations and manages natural resources extraction more sustainably than Canada.
Retail and Consumer Sector - Key Trends and Information - USA - July 2023.pptx
Blog – Analysis and Commentary for United States – July 2023
Summary:
It prompted economists at Goldman Sachs to raise their third-quarter gross domestic product tracking estimate by a whopping seven-tenths of a percentage point to a 2.2% annualized rate. The economy grew at a 2.4% pace in the April-June quarter.
Demand is being underpinned by strong wage gains from a tight labor market. Though consumer spending continues to show signs of persistent strength, economists did not expect the Fed to raise rates next month, with inflation retreating.
The government last week reported that consumer prices rose moderately in July, with underlying inflation or the so-called core inflation slowing further.
"As long as core inflation continues to fall rapidly, resilient growth won't in itself be enough to prompt further rate hikes from the Fed," said Andrew Hunter, deputy chief U.S. economist at Capital Economics.
Source: https://money.usnews.com/investing/news/articles/2023-08-15/us-retail-sales-increase-more-than-expected-in-july
Additional links and sources:
eCommerce - https://uk.news.yahoo.com/us-retail-sales-bounce-online-125326956.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANaM7Uc267H_zh20bqv2nuX6jZk7aOufGQLeW1bJYcT3So--u_rywCx2b-5cWrhmZ1dwSpYOLpu_zsBkJL8ITAVKAGtDo3sT8XrXbRN-ECP8_5UncG2BSOC6E7DiifXC3rsHIu1Ua_xaB7P1pg6JLF0eRnlqf3Lw66Obd1EXuLDe
AI and Generative AI - https://apparelresources.com/technology-news/retail-tech/retailers-gearing-invest-ai-ml-cv-technologies-upcoming-year-honeywell-reports/ or https://www.thefashionlaw.com/how-retail-companies-are-using-discussing-ai/
Supply chain - https://www.inddist.com/supply-chain/blog/22870307/combat-supply-chain-disruptions-with-supplier-diversification
Key Environmental Areas – https://www.linkedin.com/posts/paul-young-055632b_7-environmental-factors-for-esg-reporting-activity-7071476082784276480-EYDt?utm_source=share&utm_medium=member_desktop
Scenario Planning - https://www.linkedin.com/posts/paul-young-055632b_6-ways-scenario-planning-is-essential-for-activity-7086384141918752768-P7cE?utm_source=share&utm_medium=member_desktop
ESG - https://www.linkedin.com/posts/paul-young-055632b_esgreporting-esgreporting-issbstandards-activity-7079823962368606208-NVac?utm_source=share&utm_medium=member_desktop
GAP - https://www.slideshare.net/paulyoungcga/how-gap-analysis-can-better-support-business-decisions
Reporting - https://www.slideshare.net/paulyoungcga/close-consolidate-and-reporting-cyclepptx-256864692
Data - https://www.slideshare.net/paulyoungcga/how-to-solve-data-management-isuses-for-both-the-private-and-public-sectorspptx-257454162
Circular - https://www.linkedin.com/posts/lindsayhampson_tipwednesday-netzero-sustainability-activity-7006238715744333824-KU-s?utm_source=share&utm_medium=member_desktop
Biodiversity - https://www.linkedin.com/posts/paul-young-055632b_what-is-biodiversity-and-how-does-it-affect-activity-703811509306
Fiscal and Economic Scorecard - Canada - May 2022 and June 2022.pptx
This document provides a summary of key economic metrics and fiscal updates for Canada in May and June 2022. It includes sections on employment, trade, manufacturing, housing, cost of living, electricity, and the fiscal update. Additional blogs cover topics like the path forward for Canada's budget, pharmacare, job quality, climate change, plastics recycling, and transforming the public sector. Tables and graphs present data on GDP, GDP growth, deficits, trade balances, manufacturing sales, housing starts, inflation rates, and other indicators.
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
More Related Content
Similar to Retail Sales (Consumer Spending) - USA - March 2022.pptx
Retail Sales and Consumer Spending| Canada| August 2021
Summary:
Retail sales were up 2.1% to $57.2 billion in August, led by higher sales at food and beverage stores (+4.8%), gasoline stations (+3.8%), and clothing and clothing accessories stores (+3.9%).
Sales increased in 9 of 11 subsectors, representing 94.6% of retail trade.
Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—were up 2.7%.
In volume terms, retail sales increased 1.4% in August.
https://www150.statcan.gc.ca/n1/daily-quotidien/211022/dq211022a-eng.htm https://economics.bmo.com/en/publications/detail/966f8e75-adb4-492b-8c14-924733071bb7/
1. Food costs - https://o.canada.com/news/local-news/lower-income-families-most-likely-to-be-pinched-by-rising-food-prices-supply-chain-problems
2. Rising oil and gas prices - https://www.fraserinstitute.org/article/rising-oil-prices-wont-solve-canadas-oil-and-gas-problems
3. Rise of propane costs - https://granthshala.com/skyrocketing-propane-prices-could-mean-trouble-for-some-canadians-this-winter/
4. Inflation has hit a 20-year high - https://dailyhive.com/vancouver/canada-inflation-highest-decades-2021
5. Supply chain - https://ca.sports.yahoo.com/news/sector-grows-manufacturing-dented-supply-091509523.html?src=rss
6. Global inflation - https://ca.news.yahoo.com/absolutely-concern-around-the-globe-over-inflation-accenture-ceo-144813190.html
7. Jobs and climate change - https://www.nationalobserver.com/2021/10/21/news/more-880000-canadian-jobs-vulnerable-global-clean-energy-transition
8. Rent and Wage - https://retail-insider.com/retail-insider/2021/10/cfib/
9. Pandemic - https://thecanadian.news/2021/10/21/how-to-lead-the-retail-trade-in-pandemic/
10. Retail innovation - https://retailtechinnovationhub.com/home/2021/10/22/five-retail-technology-trends-from-digital-fitting-rooms-to-sustainable-shopping
Retail Sales| Canada| December 2021
• January advance flash estimate +2.4%
• Prior was +0.7%
• Ex autos -2.5% vs -2.0% expected
• Prior ex autos +1.1%
• Ex autos and gas -2.4% vs +1.5% prior
• New auto sales -0.4% vs +0.1% prior
• Building material and garden equipment +14.1% vs +3.0% prior
• E-commerce sales +14.2% vs 1.1% y/y prior
Source - https://www.forexlive.com/news/canada-december-retail-sales-18-vs-21-expected-20220218/
1. Household debt Canada – https://www.creditcanada.com/blog/state-of-canadian-household-debt
2. Cash flow management and interest rates - https://debtsolutions.bdo.ca/ways-to-prepare-for-rising-interest-rate-hikes/
3. Median income - https://www.ictsd.org/what-is-the-median-household-income-in-canada/
4. Public sector pensions - https://www.benefitscanada.com/news/bencan/taxpayers-on-hook-for-liabilities-in-federal-employee-pension-plans-report/
5. Freight Rates - https://thedeepdive.ca/freight-costs-skyrocket-amid-canada-us-border-blockades/
6. Freight Pricing - https://www.freightwaves.com/news/canada-freight-pricing-to-jump-mullen-group-ceo-says
7. CPI - https://realeconomy.rsmus.com/inflation-in-canada-surpasses-5-with-broad-price-increases/
8. Food costs - https://www.macleans.ca/society/a-glaring-omission-from-trudeaus-letters-to-his-ministers-hunger/
9. Supply chain - https://www2.deloitte.com/ca/en/pages/finance/articles/covid-19-managing-supply-chain-risk-and-disruption.html
10. Oil benefits - https://www.bnnbloomberg.ca/why-canada-no-longer-reaps-the-full-benefits-of-high-oil-prices-1.1721538
11. Lumber - https://www.marketplace.org/2022/02/15/lumber-prices-soar-on-hot-demand-and-supply-bottlenecks/
12. Real estate - https://dailyhive.com/montreal/montreal-rent-price-february-2022
13. eCommerce - https://www.emarketer.com/content/canada-s-ecommerce-sales-reach-nearly-80-billion-2022
Retail Sales and Consumer Spending - Canada - March 2022.pptx
Canadian retail sales posted weaker-than-expected gains in March amid escalating inflation, higher energy prices and rising interest rates.
Receipts were little changed in March, Statistics Canada said on Thursday. Economists were anticipating a 1.4% sales gain.
While March receipts were up in 10 out of 11 subsectors led by higher sales at gasoline stations, lower sales at motor vehicle and parts dealers erased the gains in the remaining sectors, according to the agency.
Core retail sales, which exclude gasoline and automotive and parts, increased 1.5% in March. In volume terms, sales were down 1%.
Still, sales are expected to increase 0.8% in April, according to preliminary estimates.
Retail sales were up 3% in the first quarter of this year, the largest increase since the third quarter of 2020.
Source - https://www.bnnbloomberg.ca/canada-retail-receipts-unchanged-in-march-on-fewer-car-sales-1.1770970
Retail Sales and Consumer Spending - Canada - May 2022.pptx
Jul 22 (Reuters) - Canadian retail sales rose 2.2% in May from April at C$62.25 billion ($48.26 billion), on higher sales at gasoline stations, as well as motor vehicle and parts dealers, Statistics Canada said on Friday. Sales were seen to grow 0.3% in June, the agency said in a flash estimate.
Sales increased in eight of 11 subsectors, representing 86.8% of retail trade. In volume terms, retail sales were up 0.4%.
Source: https://www.nasdaq.com/articles/canada-may-retail-sales-up-2.2-seen-up-0.3-in-june
Retail Sales| Canada| November 2021
Summary:
Nov/21 retails sales went up 0.7% as compared to Oct/21
Nov/21 eCommerce sales experienced 30% increase over Oct/21
There are challenges with the supply chain, especially food processing and delivery.
https://www150.statcan.gc.ca/n1/daily-quotidien/220121/dq220121a-eng.htm
Source -
1. Supply Chain disruption / Trucker – https://www.reuters.com/business/canadian-vaccine-mandate-lead-inflation-empty-shelves-trucking-executives-say-2022-01-20/
2. Farmers - https://globalnews.ca/news/8527349/apas-research-farmer-share-increasing-food-prices/
3. Food - https://equity.guru/2022/01/21/canadian-supermarkets-report-food-shortages-as-food-prices-rise-the-most-since-2011/
4. Fertilizers - https://ca.finance.yahoo.com/news/fertilizer-crisis-getting-real-european-070000275.html
5. Organic food - https://www.producer.com/news/organics-face-headwinds-in-coming-year/
6. IKEA and zero emissions - https://www.businesswire.com/news/home/20220119005122/en/Bolt-Logistics-and-IKEA-Canada-Join-Forces-to-Deploy-One-of-Canada%E2%80%99s-Largest-Zero-Emission-Vehicle-Fleets
7. Digital store front - https://www.indianretailer.com/amp/article/technology/digital-trends/why-a-digital-storefront-makes-sense-for-retailers.a7697
8. Amazon and eCommerce - https://ca.finance.yahoo.com/news/amazon-still-the-top-e-commerce-brand-for-canadians-rbc-survey-202048727.html
9. OmniChannel – https://2xecommerce.com/podcast/ep331/
10. Amazon - https://www.dallasnews.com/business/retail/2022/01/20/amazon-says-its-first-clothing-store-will-be-tech-forward/
11. In store experience - https://cloudblogs.microsoft.com/dynamics365/bdm/2022/01/20/the-evolution-of-retail-store-into-an-experience-center/
12. ESG -
13. Retail innovation - https://retailtechinnovationhub.com/home/2022/1/20/the-six-biggest-retail-technology-news-stories-of-the-week
14. Competitiveness - https://www.businessinsider.in/retail/news/the-supply-chain-crisis-wouldnt-be-as-bad-if-shoppers-didnt-have-so-much-choice/articleshow/89017224.cms
15. Lumber - https://www.youtube.com/watch?v=wqgAffEFYZo
Retail Sales and Consumer Spending - Canada - April 2022.pptx
Summary:
The rebound in April and early strength in May were likely powered by income gains. First-quarter economic data indicated that Canadian household income rose at one of the fastest rates in more than 40 years, or 3.8% on a nonannualized nominal basis. The household savings rate also increased in the January-to-March period, to 8.1% from 6.9% in the previous quarter, giving consumers some cushion to deal with multidecade-high inflation.
Source - https://www.marketscreener.com/news/latest/Canada-Retail-Sales-Rise-0-9-in-April--40776866/
Retail Sales and Consumer Spending - Canada - February 2022.pptx
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
Retail Sales and Consumer Spending Analysis and Commentary - May 2023.pptx
Blog – Retail Sales and Consumer Spending Analysis and Commentary – May 2023
Summary:
Retail sector continues to face many challenges. High inflation continues to eat into retail sales volumes. Consumers continue to look for bargains as part of dealing with high inflation.
Technology continues to drive the retail experience like the metaverse.
ESG reporting is driving more brand awareness by consumers. Retailers continue to look at ways managed their various supply chains as part of adopting ESG policies and reporting.
Data and AI continues to play a key role with retail sector.
Retail Sales| Canada| October 2021
Summary:
Key Takeaway: Retail sales posted a solid gain in October and pointed to another increase in November. Consumers appear ready, willing, and able to spend, though higher prices are taking a bite out of volumes as inflation erodes purchasing power. And, tighter restrictions pose additional uncertainty to close out the year.
Source - https://economics.bmo.com/en/publications/detail/f75364d1-4d9a-4aa1-b6b2-573750da8c6a/
1. Retail Sales and Consumer Spending - https://www.marketwatch.com/story/canada-retail-sales-jump-1-6-in-october-271640095151
2. Consumer spending – https://economics.td.com/ca-quarterly-economic-forecast
3. Data and AI - https://www.innovatingcanada.ca/industry/using-ai-and-big-data-to-bring-retailers-into-the-digital-age/
4. Innovation - https://retailtechinnovationhub.com/home/2021/12/21/five-retail-technology-innovations-that-wont-be-big-in-2022
5. eCommerce - https://www.cantechletter.com/2021/12/take-a-look-at-these-canadian-e-commerce-stocks/
6. Policy - https://financialpost.com/opinion/opinion-leaving-2021-longstanding-problems-could-be-addressed-in-2022
7. Supply chain - https://ca.finance.yahoo.com/news/retail-sales-canada-surge-sign-134544714.html
8. Inflation - https://www.macleans.ca/economy/economy-inflation-trends-2022/
9. Furniture - https://www.retailcouncil.org/media-mentions/furniture-price-inflation-couldve-been-controlled/
10. Housing - https://www.mpamag.com/ca/mortgage-industry/industry-trends/covid-19-intensified-ongoing-housing-market-trends-rbc/320583
Retail Sales and Consumer Spending - Canada - February 2023.pptx
Blog – Canada Retail Sales and Consumer Spending Analysis and Commentary – April 2023
Summary:
The data published by Statistics Canada showed on Friday that Retail Sales declined by 0.2% monthly following January's 1.4% increase. This reading came in better than the market expectation for a decrease of 0.6%.
Further details of the publication revealed that Retail Sales ex-Autos fell by 0.7% in the same period.
Source: https://www.fxstreet.com/news/canada-retail-sales-decline-by-02-in-february-vs-06-expected-202304211235
Additional Links:
Consumer spending outlook - https://www.bloomberg.com/news/articles/2023-04-21/retail-sales-fall-in-canada-with-higher-rates-pinching-consumers?srnd=all#xj4y7vzkg
Household debt - https://financialpost.com/globe-newswire/canadians-on-economy-half-say-the-worst-is-yet-to-come
Food and wage growth - https://www.cbc.ca/news/business/boom-global-bust-column-don-pittis-1.6815554?cmp=rss
Commodities - https://www.ubs.com/global/en/wealth-management/insights/insights-display-adp/global/en/wealth-management/insights/chief-investment-office/house-view/daily/2023/latest-20042023.html?caasID=CAAS-ActivityStream
Gasoline prices continue to see ups and downs - https://toronto.ctvnews.ca/ontario-gas-prices-set-to-drop-again-here-s-when-that-will-happen-1.5986398
ESG - https://blogs.sap.com/2023/04/20/why-sustainability-should-still-matter-to-midsize-retailers-during-a-recession/ or https://www.winsightgrocerybusiness.com/retailers/10-ways-grocers-are-showing-their-environmental-friendliness-earth-day-2023
Data and Analytics and Retail - https://m.vingle.net/posts/5720306 or https://timesofindia.indiatimes.com/blogs/voices/top-ten-trends-and-practices-that-will-shape-e-commerce-in-2023/
Retail Sales and Consumer Spending - Canada - January 2023.pptx
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
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Blog – What is next for Retail Sector and Consumer Spending – August 2023
Despite months of predictions for a global recession, consumer activity and corporate earnings are holding up surprisingly well. We believe that global long-term interest rates probably peaked in October last year, and we are now observing encouraging signs of the start of corporate earnings re-acceleration.
Clearly, we are not completely out of the woods yet. Inflation is still sticky and further rate hikes are expected over the next few months, but when we look under the hood at the companies we research, resilience stands out.
This global resilience has been surprising to all of us. In Europe, consumers seemed to sail through a severe energy crisis last winter, and in the US, consumer activity in both discretionary and staples has far exceeded most expectations at the beginning of the year.
https://www.firstlinks.com.au/global-consumer-corporate-resilience-surprises-everyone
Links and sources:
Supply chain - https://www.waffleinsurance.com/resources/insuranpedia/how-do-loss-prevention-services-address-potential-risks-arising-from-supply-chain-disruptions
Fashion and their new business model - https://www.esginvestor.net/fast-fashion-race-losing-speed/
Retailing and Technology - https://www.retaildive.com/news/retail-industry-AI-adoption/691426/
Generative AI - https://www.pymnts.com/news/artificial-intelligence/2023/generative-ai-helps-auto-fill-b2b-complexities-streamlining-communications/
Logistics - https://enable.com/blog/top-challenges-facing-the-distribution-industry-how-to-overcome-them
Coles - https://www.foodmag.com.au/coles-to-partner-with-suppliers-to-set-emission-reduction-targets-by-2027/
How to best manage data - https://www.demandtalk.com/insights/data/big-data/the-power-of-retail-data-analytics-understanding-its-role-and-the-different-types/
Valdi - https://www.forbes.com/sites/walterloeb/2023/08/21/why-aldi-acquisition-of-winn-dixie-and-harveys-supermarket-is-a-big-win/?sh=6c90ed4445b9
Partnerships - https://www.verdictfoodservice.com/comment/food-service-retail-partnerships/
Sustainable shopping - https://retail-focus.co.uk/shopping-for-sustainability/
Automation - https://www.retailcustomerexperience.com/articles/reasons-why-retailers-are-marching-fast-toward-automation/
Robotics - https://www.tbsnews.net/world/global-economy/retailers-turn-robots-cost-inflation-fight-543282
Social governance and retailing - https://www.fashionabc.org/why-the-fashion-industry-has-to-balance-profit-with-esg-and-purpose/
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Blog – Consumer Spending and Retail Sales – Canada and the World – July 2023
Summary:
Retail sector continues to see slower consumer spending due to higher interest rates.
Port capacity including the impact of strikes have disrupted the supply chain in ports like Vancouver.
Freight costs have edge up in July 2023.
Retails continue to adopt ESG policies as part of managing their product, facilities, and overall supply chain.
Additional sources and links:
Canada Retail sales - https://www.bloomberg.com/news/articles/2023-07-21/retail-sales-starting-to-stall-in-canada-as-higher-rates-bite?srnd=economics-v2#xj4y7vzkg
Packaging / ESG - https://www.packaging-gateway.com/news/ahlstrom-creates-sustainable-stationery-packaging/
United Kingdom sales - https://www.bnnbloomberg.ca/uk-s-hot-june-delivers-unexpected-boost-for-retail-sales-1.1948717
Cloud and Retail - https://www.retail-insight-network.com/dashboards/filings/cloud-mentions-retail-industry/
Supply chain and global factors - https://www.scmr.com/article/supply-chains-need-to-adjust-now-to-new-global-factors
Retail Trends - https://www.scmr.com/article/supply-chains-need-to-adjust-now-to-new-global-factors
Blog - IoT Devices Are Changing the Global Emissions Game - https://www.linkedin.com/posts/paul-young-055632b_iot-devices-are-changing-the-global-emissions-activity-7088121500288888832-MBof?utm_source=share&utm_medium=member_desktop
AI - https://www.indianretailer.com/article/technology/digital-trends/ai-is-the-future-of-retail.a6927
Automation - https://www.netguru.com/blog/automation-in-retail
Warehouse automation - https://roboticsandautomationnews.com/2023/07/21/6-ways-ai-and-robotics-are-revolutionizing-warehouse-security/70793/
Freight costs - https://www.freightos.com/freight-resources/shipping-delays-and-cost-increases/
Merchandise Trade - Canada and the World.pptx
Summary:
• Canada's trade surplus narrowed in April, as the surplus in goods trade led the decline. Services trade also contributed to the move, as travel restrictions were lifted in Canada.
• Going forward, we see an improvement in the trade balance as higher commodity prices should support Canadian exports. Furthermore, easing supply chains should open the way for further gains in manufacturing exports.
Source - https://economics.td.com/ca-international-trade
Global Automotive Sector - Analysis and Commentary - April 2022.pptx
Summary:
The car shopping experts at Edmunds say that the automotive industry faces yet another challenging year marked by inventory shortages amid strong consumer demand, forecasting that 15.2 million new cars will be sold in 2022. Edmunds analysts note that this would represent a 1.2% increase from their estimate of 15 million new vehicle sales in 2021.
Source - https://www.bodyshopbusiness.com/edmunds-forecasts-15-2-million-new-vehicles-will-be-sold-in-2022/
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.
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 achieved nearly $3B trade surplus for the month of January 2022
The document summarizes recent trade data and trends between Canada, Australia, and other countries. It highlights that Canada's exports continue to be led by commodities and that higher commodity prices should enable Canada to register large trade surpluses in the coming months. However, supply chain issues and the conflict in Ukraine add uncertainty. The document also discusses risks to food security from the Ukraine conflict and China and Russia expanding influence over critical metals in Africa. Australia is shown to have stronger trade relations and manages natural resources extraction more sustainably than Canada.
Retail and Consumer Sector - Key Trends and Information - USA - July 2023.pptx
Blog – Analysis and Commentary for United States – July 2023
Summary:
It prompted economists at Goldman Sachs to raise their third-quarter gross domestic product tracking estimate by a whopping seven-tenths of a percentage point to a 2.2% annualized rate. The economy grew at a 2.4% pace in the April-June quarter.
Demand is being underpinned by strong wage gains from a tight labor market. Though consumer spending continues to show signs of persistent strength, economists did not expect the Fed to raise rates next month, with inflation retreating.
The government last week reported that consumer prices rose moderately in July, with underlying inflation or the so-called core inflation slowing further.
"As long as core inflation continues to fall rapidly, resilient growth won't in itself be enough to prompt further rate hikes from the Fed," said Andrew Hunter, deputy chief U.S. economist at Capital Economics.
Source: https://money.usnews.com/investing/news/articles/2023-08-15/us-retail-sales-increase-more-than-expected-in-july
Additional links and sources:
eCommerce - https://uk.news.yahoo.com/us-retail-sales-bounce-online-125326956.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANaM7Uc267H_zh20bqv2nuX6jZk7aOufGQLeW1bJYcT3So--u_rywCx2b-5cWrhmZ1dwSpYOLpu_zsBkJL8ITAVKAGtDo3sT8XrXbRN-ECP8_5UncG2BSOC6E7DiifXC3rsHIu1Ua_xaB7P1pg6JLF0eRnlqf3Lw66Obd1EXuLDe
AI and Generative AI - https://apparelresources.com/technology-news/retail-tech/retailers-gearing-invest-ai-ml-cv-technologies-upcoming-year-honeywell-reports/ or https://www.thefashionlaw.com/how-retail-companies-are-using-discussing-ai/
Supply chain - https://www.inddist.com/supply-chain/blog/22870307/combat-supply-chain-disruptions-with-supplier-diversification
Key Environmental Areas – https://www.linkedin.com/posts/paul-young-055632b_7-environmental-factors-for-esg-reporting-activity-7071476082784276480-EYDt?utm_source=share&utm_medium=member_desktop
Scenario Planning - https://www.linkedin.com/posts/paul-young-055632b_6-ways-scenario-planning-is-essential-for-activity-7086384141918752768-P7cE?utm_source=share&utm_medium=member_desktop
ESG - https://www.linkedin.com/posts/paul-young-055632b_esgreporting-esgreporting-issbstandards-activity-7079823962368606208-NVac?utm_source=share&utm_medium=member_desktop
GAP - https://www.slideshare.net/paulyoungcga/how-gap-analysis-can-better-support-business-decisions
Reporting - https://www.slideshare.net/paulyoungcga/close-consolidate-and-reporting-cyclepptx-256864692
Data - https://www.slideshare.net/paulyoungcga/how-to-solve-data-management-isuses-for-both-the-private-and-public-sectorspptx-257454162
Circular - https://www.linkedin.com/posts/lindsayhampson_tipwednesday-netzero-sustainability-activity-7006238715744333824-KU-s?utm_source=share&utm_medium=member_desktop
Biodiversity - https://www.linkedin.com/posts/paul-young-055632b_what-is-biodiversity-and-how-does-it-affect-activity-703811509306
Fiscal and Economic Scorecard - Canada - May 2022 and June 2022.pptx
This document provides a summary of key economic metrics and fiscal updates for Canada in May and June 2022. It includes sections on employment, trade, manufacturing, housing, cost of living, electricity, and the fiscal update. Additional blogs cover topics like the path forward for Canada's budget, pharmacare, job quality, climate change, plastics recycling, and transforming the public sector. Tables and graphs present data on GDP, GDP growth, deficits, trade balances, manufacturing sales, housing starts, inflation rates, and other indicators.
Similar to Retail Sales (Consumer Spending) - USA - March 2022.pptx (20)
Retail Sales and Consumer Spending| Canada| August 2021
Retail Sales and Consumer Spending| Canada| August 2021
Retail Sales and Consumer Spending - Canada - March 2022.pptx
Retail Sales and Consumer Spending - Canada - March 2022.pptx
Retail Sales and Consumer Spending - Canada - May 2022.pptx
Retail Sales and Consumer Spending - Canada - May 2022.pptx
Retail Sales and Consumer Spending - Canada - April 2022.pptx
Retail Sales and Consumer Spending - Canada - April 2022.pptx
Retail Sales and Consumer Spending - Canada - February 2022.pptx
Retail Sales and Consumer Spending - Canada - February 2022.pptx
Retail Sales and Consumer Spending Analysis and Commentary - May 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - May 2023.pptx
Retail Sales and Consumer Spending - Canada - February 2023.pptx
Retail Sales and Consumer Spending - Canada - February 2023.pptx
Retail Sales and Consumer Spending - Canada - January 2023.pptx
Retail Sales and Consumer Spending - Canada - January 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Global Automotive Sector - Analysis and Commentary - April 2022.pptx
Global Automotive Sector - Analysis and Commentary - April 2022.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
What is next for the Global Economy - October 2022.pptx
What is next for the Global Economy - October 2022.pptx
Canada achieved nearly $3B trade surplus for the month of January 2022
Canada achieved nearly $3B trade surplus for the month of January 2022
Retail and Consumer Sector - Key Trends and Information - USA - July 2023.pptx
Retail and Consumer Sector - Key Trends and Information - USA - July 2023.pptx
Fiscal and Economic Scorecard - Canada - May 2022 and June 2022.pptx
Fiscal and Economic Scorecard - Canada - May 2022 and June 2022.pptx
More from paul young cpa, cga
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
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.
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 ...
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
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.
How to improve the Governance Model for the Public Sector - United States - S...
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
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.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- 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.
Better Public Safety Management using Analytics - September 2023.pptx
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
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.
Workforce Planning and Employment Analysis - August 2023.pptx
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptx
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
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
Blog - Governance - Education - Crombie.docx
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.
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TechnoXander Confirmation of Payee Product Pack 1.pdf
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
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Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
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Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
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On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
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- 1. Retail Sales – The United States Paul Young CPA CGA April 15, 2022
- 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 • Overview of Retail Sales • Sales by key segment • Retail / Cargo • Port Capacity • ESG Reporting • Transforming eCommerce Strategy • Shopping Malls/retail Sales
- 4. USA / Overall Retail Sales Retail Sales - USA - April 2022.pdf
- 5. USA vs Canada – Retail Sales BMO - https://economics.bmo.com/en/publications/detail/22b2cd6b- 9bd5-40bd-adb5-cc731fd39393/ https://economics.bmo.com/en/publicati ons/detail/6f2cf917-a368-482e-8c45- 6cdd63a6020b/ A Joyous January Indeed.pdf U.S. Retail Sales Deflating.pdf
- 6. • Source – USA government USA RETAIL SALES BY KEY SEGMENT
- 7. 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=949c240b-29da-4827-aa56- f2d4e5339f53&utm_content=featuredvideo&linktype=image&channel=email&campaign_type=thomas_industry_update&campaig n_name=tiu210816&utm_campaign=tiu210816&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045 Here are additional links on supply chain – Here is my work on supply chain - https://ibm.box.com/s/bqy9mr0ktlgi64sbf49o4rg5d9w0rqkn
- 8. Blog - Supply Chain Leaders Are Optimistic About Capacity Ahead of ‘Official’ Peak Shipping Season - • Companies have confidence in their e-commerce strategies ahead of the official 2021 peak shipping season that traditionally runs from September through December, according to a study released on August 31 from GlobalTranz Enterprices, LLC. • At the same time, the survey of supply chain decision-makers highlights anticipated challenges for the second half of the year, from new COVID-19 variants threatening another phase of lockdowns to ongoing challenges in recruiting and retaining employees. https://www.mhlnews.com/transportation-distribution/article/21174207/supply-chain- leaders-are-optimism-about-capacity-ahead-of-official-peak-shipping- season?utm_source=IY+IW+Supply+Chain+Insights&utm_medium=email&utm_campaign=CPS210908101&o_eid=7 930I4506489J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B My work on supply chain - https://ibm.box.com/s/bqy9mr0ktlgi64sbf49o4rg5d9w0rqkn
- 9. ESG Reporting Key investment into Radicale to help with supporting ESG reporting as it relates to Global Supply Chain Management With operations in Canada, the US, and Brazil, this funding will enable Radicle to enter new markets to help organizations across the globe monetize their environmental, social, and corporate governance (ESG) efforts. It will also support further development and updates to Radicle’s proprietary software to ensure alignment with emerging reporting requirements being demanded by regulators, clients, and their supply chain https://www.canadianmanufacturing.com/manufacturing/radicle-announces-investment-by-telus-ventures-273066/ This company is interesting due to complexity of emissions and carbon pricing models. https://radiclebalance.com/our- story/#team Here is my work on ESG Reporting - https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
- 10. Retail / Cargo Blog - Retail Cargo Sees Double-Digit Increases Over 2020 Even with Disruptions - At the nation's largest retail container ports, imports are continuing to show double-digit growth over last, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. This is due to the strong consumer demand which continues to keeps up its momentum. https://www.mhlnews.com/transportation-distribution/article/21169225/retail-cargo-sees-doubledigit-increases- over-2020-even-with- disruptions?utm_source=IY+IW+QM+News&utm_medium=email&utm_campaign=CPS210709114&o_eid=7930I450 6489J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B Blog – How to build a resilient Supply Chain using Data and AI https://ibm.box.com/s/bqy9mr0ktlgi64sbf49o4rg5d9w0rqkn
- 11. Transformation of an eCommerce Strategy Blog – 5 Ways to Step Up Your E-Commerce Strategy 1. Be a leader. 2. Build the right team and plan for change management. 3. Start small and grow. 4. Sell your story and your unique value proposition. 5. Make it easy for your customers to buy. Source - https://www.industryweek.com/technology-and-iiot/digital-tools/article/21168566/most- manufacturers-lag-in-their-ecommerce-strategy-5-ways-to-step-it- up?utm_source=IY+IW+Daily+Headlines+- +Morning&utm_medium=email&utm_campaign=CPS210629049&o_eid=7930I4506489J2B&rdx.ident%5B pull%5D=omeda%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B Here is my work: https://www.slideshare.net/paulyoungcga/retail-sales-usa-may-2021 or https://www.slideshare.net/paulyoungcga/retail- sales-and-consumer-spending-canada-april-2021 or https://www.slideshare.net/paulyoungcga/retail-sales-for-australia- april-2021
- 12. Shopping Malls/Retail Sales https://globalnews.ca/news/7974283/covid-canada-shopping-malls/ Key focus areas: - Revamping the store front model - Adoption of AR and VR - Adoption of AI - Mitigation of cybersecurity threats - Re-visiting the hub and spoke approach to supply chain management Blog – USA – Retail Sales – May 2021 USA retail sales decline 1.3% for May 2021 as compared to April 2021. The biggest threats to retailers are supply chain disruption and cybersecurity attacks. https://www.slideshare.net/paulyoungcga/retail-sales-usa-may-2021
- 13. Summary • Retail sector continues to face many challenges Blog – Retail Sales and Consumer Spending – USA – March 2022 U.S. Retail Sales Deflating.pdf Retail Sales - USA - April 2022.pdf https://economics.bmo.com/en/publications/detail/6f2cf917-a368-482e-8c45-6cdd63a6020b/ Breaking US Retail Sales rise by 0.5% in March vs. 0.6% expected.pdf Supply chain hurdles will outlast pandemic, White House says - The Economic Times.pdf Record-breaking spike in cost of goods portends inflation will go higher before it levels off.pdf New Research Shows the Tariffs on Aluminum Have Cost the U.S. Beverage Industry $1.4 Billion.pdf Influx of new space pushes Canada's office vacancy to 16.3% RENX - Real Estate News Exchange.pdf Retail expert ‘The mall is not dead’ despite increase in online shopping.pdf Retail Innovation Conference & Expo to Spotlight Metaverse Experts Championing Next-Level Shopping Experiences at Clinique, e.l.f. Beauty and More Business Wire.pdf Virtual Shopping In The Metaverse What Is It And How Will AI Make It Work - Hustle Chronicle.pdf Forrester US e-commerce will top $712B by 2022 Retail Dive.pdf Guess Which Generation Wants Sustainable Clothes the Most – Sourcing Journal.pdf U.S. retail sales rose 0.5% in March amid soaring inflation Investment Executive.pdf Summary: In research note, Sal Guatieri, senior economist and director with BMO Capital Markets, said that, while “retail sales mostly matched expectations” in March, “raging consumer prices suggest retail volumes actually contracted in the month, and possibly in the past year.” However, he also noted that, despite inflation raising the cost of household staples, “discretionary spending still seems to be thriving […]. Furniture/electronics/appliances, clothing, and sporting goods/hobbies/music all posted big gains in March.” Source - https://www.investmentexecutive.com/news/research-and-markets/u-s-retail-sales-rose-0-5- in-march-amid-soaring-inflation/ 1. USA retail sales - https://www.fxstreet.com/news/breaking-us-retail-sales-rise-by-05-in-march- vs-06-expected-202204141231 2. Supply chain - https://economictimes.indiatimes.com/small-biz/trade/exports/insights/supply- chain-hurdles-will-outlast-pandemic-white-house-says/articleshow/90858037.cms 3. Input costs - https://www.foodnavigator-usa.com/Article/2022/04/14/Record-breaking-spike- in-cost-of-goods-portends-inflation-will-go-higher-before-it-levels-off# 4. Aluminum - https://finance.yahoo.com/news/research-shows-tariffs-aluminum-cost- 140000838.html 5. Office space - https://renx.ca/influx-of-new-space-pushes-canadas-office-vacancy-to-16-3/ 6. Shopping mall - https://ca.finance.yahoo.com/video/retail-expert-mall-not-dead- 215040277.html