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
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
USA Retail Sales -
May 2022.pdf
5. USA vs Canada – Retail Sales
BMO -
https://economics.bmo.com/en/publications/detail/ed5e7630-
886f-486e-a97e-16ec29422532/
BMO -
https://economics.bmo.com/en/publicati
ons/detail/40296250-18d5-4f35-b594-
c634a495ef98/
Canadian Retail Sales
(Mar.) — Strength Under the Hood.pdf U.S. Retail Sales May
Showers.pdf
6. • Source – USA government
USA RETAIL SALES BY KEY SEGMENT Retail Sales - USA -
April 2022 - Analysis.pdf
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 – United States
USA Retail Sales -
May 2022.pdf
U.S. Retail Sales May
Shower s .pdf
U.S. r etail s ales
s tumble as inflation bites .pdf
Summary:
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