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Message From The Editor
Are we facing a new technological shift?
Electronics have been installed bit by bit in our industry, and are comfortably installed in light emitting diodes. Now it's the distribution network's turn. Our contributor Rick McCarten writes about digital electricity, where everything is powered by direct current. Power distribution and power supply are facing flexibility issues. Debate to follow closely. David Gordon addresses Amazon Business, not just in terms of online competition and price pressure, but the conflicts that can emerge for the channel. Avenues of reflection. You've already read Taylor Gerrie in our pages, here's a little bit more about this third generation millennium generation expert. More in this issue. Good reading!
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- Stelpro to Invest $24M in Saint-Bruno-de-Montarville
The $24 million investment by Quebec electric heating equipment and electronic controls manufacturer Stelpro will boost the company's growth, increase productivity and production capacity, and create 50 new jobs…
- Leaman Named CEO of EiKO Global
Effective October 25, 2018, Richard D. Leaman is now CEO of EiKO's global business in commercial and industrial lighting…
- Adam Malolepszy Joins Signify
Adam assumes the role of Head of Consumer Sales. He comes from Newell Brands' Safety and Security Division, which represents products including First Alert, BRK and Onelink…
- Premise LED Signs with New Sales Agency for Saskatchewan, Winnipeg and Northern Ontario
Premise LED, a Toronto-based supplier of Commercial/Industrial LED fixtures, has appointed Jebco Agencies Inc. as its Saskatchewan, Winnipeg and Northern Ontario territories representative effective November 1, 2018…
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Opinion
Why LVDC Is About to Take Off
By Rick McCarten
It wasn't that many years ago, I was sitting in a meeting room with a group of lighting experts. They were talking about LED lighting. The consensus was that LED lighting, considering the technology and the cost, would never amount to more than 15% of the lighting market. At the time, they said, "How could anyone justify paying $35 for a lightbulb when they could buy a pack of incandescents for 50 cents a piece? Even considering technology advances and the price coming down to 50%, it would have a tough time replacing current lighting." That was then… this is now.
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Business Outlook: Lighting
Q3 Lighting Market Continues Growth
By David Gordon
The lighting market continued its strong growth during the summer. Feedback from over 200 electrical distributors, manufacturers and manufacturer reps / lighting agents showed correlated input that the market grew by slightly more than 5%. Unit sales were approximately 1% higher. Key market segments for growth continue to be the small to mid-sized renovation markets and the industrial lighting markets. The new construction market was reported as slow. Price erosion was nominal, even in light of announced price increases as most if not all of the increases focused on non-LED products. Tariffs had no or limited impact in Q3, with most announcing price increases that will take effect in Q4 and perhaps have some impact in Q4 but more likely in Q1 2019.
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Peers & Profiles — Millennial Generation
Taylor Gerrie — Automation Account Specialist
On a regular basis, our publications profile members of our industry through their responses to a Q&A. It's a way of recognizing industry movers and shakers, and helping our readers get to know them better. In collaboration with Electro-Federation Canada's Young Professionals Network, we recently initiated an editorial campaign to also give a voice to up and coming leaders. We provided a series of questions below to Taylor Gerrie, Automation Account Specialist at Gerrie Electric Wholesale Ltd. in Burlington, Ontario. Here are Taylor's responses.
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Digital Technology
The New Face of Competition for Wholesale Distributors
The competitive landscape of the wholesale distribution industry is fiercer than ever before. With brand-new, internet-based distributors of all sizes seemingly popping up as quickly as mergers and acquisitions are building new distribution powerhouses, the competition just keeps getting more intense. Adding to the mix are an increasing number of manufacturing companies that are selling direct to retailers and offering online shopping options for consumers, bypassing distribution companies entirely. But for those distributors who are willing to fight for a piece of the middle of the supply chain, they might find that within the very challenges they are trying to overcome are the opportunities they need to survive and grow.
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Economy
Accounting for Slower Productivity Growth After 2000: Do Measurement Issues Matter?
Labour productivity growth and multifactor productivity (MFP) growth have slowed in Canada and in other advanced countries since 2000. In Canada, MFP, measured as output per unit of combined labour and capital inputs, declined an average 0.18% per year from 2000 to 2015, compared with an average 0.43% increase per year from 1980 to 2000. Previous studies have suggested that the movement towards greater use of intangible capital in the digital economy and other measurement factors may be able to explain the slowdown in productivity growth. A new study examines the possible roles of intangible capital, natural capital, public infrastructure capital and capacity utilization in explaining slower MFP growth in Canada since 2000.
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Economy
Impact of Cybercrime on Canadian Businesses in 2017
Canadian businesses reported spending $14 billion to prevent, detect and recover from cyber security incidents in 2017, which represented less than 1% of their total revenues. Approximately $8 billion was spent on salaries for employees, consultants and contractors who worked on cyber security, while $4 billion was invested in cyber security software and related hardware. Several other prevention and recovery measures accounted for the remaining $2 billion of the total expenditure. Annual average expenditures on cyber security differed greatly based on size of business in 2017. Large businesses spent…
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Economy
Building Permits Rose 0.4% in September
Canadian municipalities issued $8.1 billion worth of building permits in September, up 0.4% from August. The national increase was driven by higher construction intentions in Quebec. The value of building permits in the non-residential sector was up 0.6% to $3.1 billion, due to higher construction intentions for institutional buildings.In the institutional component, the value of building permits rose 16.4% from August to $806 million. The increase in the value of permits mainly stemmed from post-secondary institutions and nursing homes. Six provinces reported gains, led by Quebec. In the commercial component, $1.7 billion worth of permits were issued, down 3.3% from August. Permits for office buildings accounted for the majority of the decline. The value of building permits in the industrial component fell 5.7% to $636 million.
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From Our Last Issue
Susan Uthayakumar, President of Schneider Electric Canada: Driving Success
First and foremost, sitting down with Susan Uthayakumar feels more like sitting down and conversing with a friend than conducting an interview with the Canadian president of one of world's largest electrical manufacturers. Of course, she exudes the confidence and knowledge her position demands, but equally identifiable are an open and engaging nature. In a recent sit-down, we learned a little about Susan's history and what drives her to succeed.
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Recollections: Jeannine Guillevin Wood, President 1975-1976
The best memory I keep from CEDA is the way that they accepted me when I came into the business. The welcome they gave to me, all of them men. (In those days there were not many women in business.) This welcome I will always remember. CEDA has played a very important role in my success.
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It's Awards Season!
I must admit, awards season excites me. I'm a true fan of the glitz and glam of the Emmys, Grammys and Oscars. There is nothing better than celebrating talent and excellence — and our industry is no exception. Earlier this year, we recognized several members for their leadership in the industry. Our inaugural Corporate Engagement Award was presented to Standard Products for their commitment to corporate excellence and strong EFC engagement.
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