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Canada Goose Q2 shows steady progress despite challenging environment

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US’ Wolverine World Wide’s revenue falls 16.6% to $440.2 mn in Q3

Wolverine World Wide has reported Q3 revenue of $440.2 million, down 16.6 per cent YoY, with gross margin up 450 basis points to 45.3 per cent. Net debt fell to $563 million. For FY2024, the company projects revenue of $1.730-$1.745 billion, with a gross margin of 44.5 per cent and adjusted EPS between $0.80 and $0.90. Inventory is expected to decline by $85 million.




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Cambodia’s apparel exports to Europe hit $2.29 bn, 30% of total

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Australia's apparel and clothing imports rose 3.43 per cent YoY to $3.368 billion in July-September 2024, despite a slight drop in September. Imports of textile yarn and related articles also increased by 4.11 per cent, while fibre imports fell 6.06 per cent. Exports of textile fibres saw a 7.69 per cent decline, continuing a downward trend from the previous fiscal year.




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The I-Drive area is known for its world famous attractions, non-stop entertainment, great dining and shopping and it is home to the second largest convention center in the U.S. And Orlandos tourist corridor also provides a golf mecca known for its championship courses designed by legends to provide play year-round in this vacation destination.




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Saving for Vocational School Through 529 Plans

Saving for Vocational School Through 529 Plans cbeaty Tue, 11/15/2022 - 15:39

Saving for Vocational School Through 529 Plans

Skilled laborers are needed across the nation. The shortage has affected overall construction costs and the recovery from Hurricane Ian, among many other localized issues. Increasing the number of vocational school graduates and providing resources to fund these programs may be a long-term solution.

A June 2022 assessment conducted by Indeed found that the average cost of trade school ranges from $3,674 to $15,923, which is more affordable than a traditional four-year degree program, but may still be a barrier for many Americans looking to develop trained labor skills.

Aside from grants and loans, 529 savings plans are an additional option to help students pay for trade or vocational programs, according to an October 2022 press release from the Education Trust Board of New Mexico, the organization that administers the state of New Mexico’s 529 education savings plan. A 529 plan is a state-funded savings plan that offers tax advantages and an opportunity to save for future education costs.

There are two types of 529 plans: prepaid tuition plans and education savings plans.

Under a prepaid tuition plan, the saver or account holder can purchase credits at the current rate for a beneficiary’s future use toward tuition. The contractual terms will vary by state, but most enforce a residency requirement and do not allow the funds to be applied toward room and board.

An education savings plan allows a saver to manage an investment account, including various mutual funds or exchange-traded fund portfolios, to fund the beneficiary’s future qualified higher education expenses. This includes tuition, fees and room and board, up to $10,000 per year.

According to the Education Trust Board of New Mexico, there is no required minimum contribution amount and savers have flexibility in how often they add to the account.

The demand for skilled workers will continue to grow. According to September 2022 data from the U.S. Bureau of Labor Statistics, the demand for construction laborers and electricians is projected to grow by 7% between 2022 and 2030. With no signs of slowing down, saving for trade school may be a promising option for those looking to invest in their or a loved one’s future.

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Data Analytics Is an Essential Step in Current Utility Operations

Data Analytics Is an Essential Step in Current Utility Operations hsauer Wed, 11/16/2022 - 09:47

Data Analytics Is an Essential Step in Current Utility Operations

Virtually every industry is becoming increasingly data-driven to keep up with today’s fast-paced business landscape. Big data solutions are essential for modern companies, as they help streamline operations, boost productivity and meet the bottom line.

The utility industry is undergoing a major overhaul in terms of digitization. Companies understand they must evolve in the era of big data, which involves adopting new technologies, updating operational processes and keeping up with ever-changing demands. As data analytics becomes more prevalent in utility operations, it will play a vital role in this industry’s growth and can offer important benefits.

Itron, which offers solutions for energy and water resource management, released a 2022 report analyzing how utility companies and cities were leveraging data analytics solutions. It discusses key findings from surveys of 600 utility executives and 600 informed customers from five countries, including the United States, Spain, India, the United Kingdom and Australia.

Itron’s report suggests that more than 9 out of 10 survey participants agree that leveraging real-time data analytics insights is very important. Disruptors in the industry are evolving, requiring the latest solutions to keep up and improve C-suite decision-making. For instance, electric companies handling pole inspections and inventories are notoriously siloed, meaning departments often neglect the company’s data needs, according to a March 2022 report from utility software provider Ike. Pole inspection and inventory data must be reformatted to prepare it for new data analytics.

This is only one example, but consider the other types of utilities and how many departments could benefit from a more comprehensive data management and analytics solution. Utility executives know that harnessing the power of data for analysis is something they must adapt to in the next few years.

Itron’s report also suggests that personalized utility insights for customers could be a major trend in the industry going forward. Companies that offer customers the ability to gain insight into their energy and water systems enable them to make better decisions regarding their bills and energy consumption. The report even suggests people are willing to pay more if providers offer personalized insights.

Eco-friendly consumers can also choose new electrical, water or heating and cooling systems to improve energy-efficiency and create a more environmentally friendly home or business.

Data analytics can also benefit utilities in terms of cybersecurity. Utilities are not immune from cyberattacks—in fact, the energy and utility sector is a major target for cybercrime, according to a July 2022 article in IIOT Power.

It’s no surprise that threat actors target these companies as more tech emerges in the field. They see an expanded attack surface and an increased likelihood of making a significant profit from attacking critical infrastructure. Any utility company must therefore understand the importance of cybersecurity as analytics becomes ubiquitous. These solutions must have various preventive security measures to be used effectively, whether water or electric utility data analytics.

According to the report, in the next five years, utilities will leverage data analytics capabilities, particularly those with compatible edge intelligence devices. The industrial internet of things and other advanced analytics devices will play a crucial role in effective analytics.

Leveraging tech investments equipped with edge computing technologies is a no-brainer for utilities. They can collect massive amounts of operational data while decreasing latency, ultimately speeding up decision-making processes.

Operating at the edge could have a major impact on the quality of life of utility customers due to the increasing severity of weather events. Managing extreme conditions is a challenge for utilities, but the edge is a transformational technology expected to increase efficiency and facilitate faster response times to significant events.

The report further notes that while utility companies might struggle to adopt and implement new data analytics solutions, these tools will become indispensable in the digital age.

Now is the time for leaders in the energy and utility industry to stay abreast of current trends, explore opportunities with data analytics vendors and begin the procurement process. The future of utilities will increasingly rely on data analytics solutions and the benefits they provide.

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Changes in Communications Technologies Affecting Final Acceptance by AHJs

Changes in Communications Technologies Affecting Final Acceptance by AHJs cbeaty Tue, 11/22/2022 - 10:27

Changes in Communications Technologies Affecting Final Acceptance by AHJs

Every project comes with large responsibilities, and life safety fire alarm systems most often represent a small portion of the total quote for work in the building. It is most often the last system installed in the building, and the fire alarm system installation often gets overlooked in terms of technology changes and quality control.

As stated in Section 901.6.3 of the 2018 International Building Code (IBC), “Fire alarm systems required by the provisions of Section 907.2 of this code and Sections 907.2 and 907.9 of the International Fire Code shall be monitored by an approved supervising station in accordance with Section 907.6.6 of this code.”

Most likely you have been relying on your equipment supplier to ensure the fire alarm system could make the appropriate connections. However, the code and marketplace have made changes that have caused some confusion with the authorities having jurisdiction (AHJs), and systems approvals are hitting a snag due to circumstances beyond our control.

Before the breakup of AT&T, the portion of the connection from the fire alarm system to the supervising station was treated as a “black box.” The technical committee had met with AT&T and determined that the phone line connections from the fire alarm system had a 0.99999 reliability factor, and although the code had no jurisdiction regarding the connection between the fire alarm system and the supervising station, the technical committee felt confident of the connection and used a digital alarm communicator transmitter (DACT) to make the necessary connections as required by the IBC and NFPA 72, the National Fire Alarm and Signaling Code.

These connections were made over what was called (by the communications industry) plain old telephone service (POTS) through the public switched telephone network (PSTN) interconnection points.

Then the breakup of AT&T occurred. We now have communications provided by telephone and cable TV companies, and a new definition of connection to the supervising station.

We start with the NFPA 72-2022 definition of a managed facilities-based voice network (MFVN). The code defines the MFVN as “a physical facilities-based network capable of transmitting real time signals with formats unchanged that is managed, operated, and maintained by the service provider to ensure service quality and reliability from the subscriber location to the interconnection point with other MFVN peer networks or the supervising station.”

MFVN has replaced PSTN, which was used in the requirements for DACTs in Chapter 26 of NFPA 72-2022.

The Annex (A.3.3.161) in NFPA 72-2022 provides the following:

“[A] Managed facilities-based voice network service is functionally equivalent to traditional PSTN-based services provided by authorized common carriers (public utility telephone companies or local exchange carriers [LECs]) with respect to dialing, dial plan, call completion, carriage of signals and protocols, and loop voltage treatment and provides all of the following features:

  1. A loop start telephone circuit service interface.

  2. Pathway reliability that is assured by proactive management, operation, and maintenance by the MFVN provider.

  3. 8 hours of standby power supply capacity for MFVN communications equipment either located at the protected premises or field deployed. Industry standards followed by the authorized common carriers (public utility telephone companies), and the other communications service providers that operate MFVNs, specifically engineer the selection of the size of the batteries, or other permanently located standby power source, in order to provide 8 hours of standby power with a reasonable degree of accuracy. Of course, over time, abnormal ambient conditions and battery aging can always have a potentially adverse effect on battery capacity. The MFVN field-deployed equipment typically monitors the condition of the standby battery and signals potential battery failure to permit the communications service provider to take appropriate action.

  4. 24 hours of standby power supply capacity for MFVN communications equipment located at the communications service provider’s central office.

  5. Installation of network equipment at the protected premises with safeguards to prevent unauthorized access to the equipment and its connections. When providing telephone service to a new customer, MFVN providers [must] give notice to the telephone service subscriber of the need to have any connected alarm system tested by authorized fire alarm service personnel in accordance with Chapter 14 to make certain that all signal transmission features have remained operational. These features include the proper functioning of line seizure and the successful transmission of signals to the supervising station. In this way, the MFVN providers assist their new customers in complying with a testing procedure similar to that outlined in 26.2.7 for changes to providers of supervising station service. The evolution of the deployment of telephone service has moved beyond the sole use of metallic conductors connecting a telephone subscriber’s premises with the nearest telephone service provider’s control and routing point (wire center). In the last 25 years, telephone service providers have introduced a variety of technologies to transport multiple, simultaneous telephone calls over shared communication pathways. In order to facilitate the further development of the modernization of the telephone network, the authorized common carriers (public utility telephone companies) have transitioned their equipment into a managed facilities-based voice network (MFVN) capable of providing a variety of communications services in addition to the provision of traditional telephone service.

“Similarly, the evolution of digital communications technology has permitted entities other than the authorized common carriers (public utility telephone companies) to deploy robust communications networks and offer a variety of communications services, including telephone.

“These alternate service providers fall into two broad categories: those entities that have emulated the MFVN provided by the authorized common carriers and those entities that offer telephone service using means that do not offer the rigorous quality assurance, operational stability and consistent features provided by an MFVN and are not regulated by the state public utilities commission.

“The code intends to only recognize the use of the telephone network transmission of alarm, supervisory, trouble and other emergency signals by means of MFVNs.

“For example, the code intends to permit an MFVN to provide facilities-based telephone (voice) service that interfaces with the premises fire alarm or emergency signal control unit through a digital alarm communicator transmitter (DACT) using an emulated loop start telephone circuit and signaling protocols fully compatible with and equivalent to those used in public switched telephone networks. The loop-start telephone circuit and associated signaling can be provided through traditional copper wire telephone service POTS or by means of equipment that emulates the loop start telephone circuit and associated signaling and then transmits the signals over a pathway using packet switched (IP) networks or other communications methods that are part of an MFVN.

“Providers of MFVNs must have disaster recovery plans to address individual customer outages and widespread events such as tornados, ice storms, or other natural disasters, which include specific network power restoration procedures equivalent to those of traditional landline telephone services.”

The important take-away from this discussion is that the MFVN is not a part of the fire alarm system and is not listed as a fire alarm device.

The UL listing of a currently listed MFVN product on the market states that the product is a POTS replacement “that connects to LAN and 4G to provide service to all traditional analog devices. This product acts as a managed facilities-based voice network (MFVN) and is considered part of the communication infrastructure, not the fire alarm system.”

Telephone service that is not provided using a traditional POTS line or with an MFVN would not be permitted for connection to a DACT in accordance with NFPA 72, Section 26.6.4.1.

MFVN testing and coordination with the building fire alarm interface is the building owner’s responsibility to arrange and coordinate. This last requirement inevitably falls into your lap to ensure compliance.

All the above, even with the quotes from NFPA 72, proves troublesome to the AHJ, and this single issue will have an impact on the final approval of your installed fire alarm system. To ensure approval by the AHJ, make sure the MFVN provider is a public utility telephone company or an authorized (by the state public utilities commission) local exchange carrier. Additionally, conduct the necessary tests to ensure the alarm, supervisory and trouble signals are transmitted to the supervising station.

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Aggressive Driving Impacts Electrical Contractor Fleets

Aggressive Driving Impacts Electrical Contractor Fleets hsauer Mon, 11/28/2022 - 10:41

Aggressive Driving Impacts Electrical Contractor Fleets

Aggressive driving—a term coined in the 1990s—consists of several potentially dangerous behaviors, such as speeding, tailgating, weaving in and out of traffic, changing lanes without signaling and running red lights and stop signs. The National Highway Traffic Safety Administration (NHTSA) further defines aggressive driving as “the operation of a motor vehicle in a manner that endangers or is likely to endanger persons or property.”

The National Conference of State Legislatures found that excessive speed was a factor in 27% of all fatal crashes in 2015, with a cost of $40 billion annually. Additionally, if speed increases by 50%, the energy released in a crash more than doubles.

Aggressive driving can escalate to “road rage,” a more extreme version of aggressive driving, typified by cursing, obscene gestures, ramming, sideswiping or running other vehicles off the road. It’s important to distinguish between aggressive driving—a traffic violation—and road rage—a criminal offense. Data compiled in 2019 by the AAA Foundation for Traffic Safety indicated that almost 80% of drivers exhibit aggression, road rage or significant anger while behind the wheel.

“Aggressive drivers hurt their fleets,” said Belinda Rueffer, vice president of marketing at GPS Insight, Scottsdale, Ariz. In addition to the obvious safety concern, aggressive driving can increase fuel costs. The U.S. Department of Energy estimates that aggressive driving can decrease gas mileage by 15%–30% on highways and 10%–40% in cities. This can have a cumulative impact on a fleet’s budget.

To counteract the negative effects of aggressive driving, fleet manager can use telematics and smart dash cams to collect data on each of their driver’s behaviors and implement driver coaching. These measures can help fleet managers end aggressive driving, cut expenses, improve efficiency and protect drivers.

“Using telematics and dashcams can help reduce aggressive driving by revealing each driver’s behavior,” Rueffer said. “Telematics can monitor a driver’s speeding, harsh braking and other bad habits, identifying coaching—and discipline—opportunities.”

Telematics combined with dashcams can also protect drivers by determining if a behavior was warranted in the context of their driving conditions, thereby boosting safety and reducing accidents. 

Rueffer observed that even experienced, conscientious drivers can lose control when furious or agitated. “On-time delivery or service demands and long hours on the road can make fleet drivers hostile,” she said. “Putting an end to aggressive driving is in the best interest of everyone on the road.”

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Number Women in Construction Hits an All-Time High

Number Women in Construction Hits an All-Time High hsauer Wed, 11/30/2022 - 11:47

Number Women in Construction Hits an All-Time High

With inclusion becoming increasingly important to consumers, companies have made an effort to recruit a more diverse workforce. The construction industry is making strides as there are now more women working in U.S. construction than ever before.

In August 2022, the number of women construction workers reached an all-time high of 14% of the entire industry. A November 2022 analysis by The Washington Post says that the number of women employed as construction workers has been on the rise since 2016, continuously increasing from 12.5% of the industry in August 2016 and spiking to 13.5% during the pandemic in April 2020. That year, one in every 10 construction workers was a woman, accounting for 1.2 million employees, according to the U.S. Bureau of Labor Statistics.

By the end of 2021, the number of women across the entire industry reached 1,241,000. This number accounts for every role in the industry, including managerial and clerical positions, but The Institute for Women’s Policy Research found that 314,223 of these employees were construction tradeswomen.

The trend for women in overall construction is higher than in electrical construction. Responses collected in the 2022 Profile of the Electrical Contractor showed only 4% of respondents were women, consistent with the data from 2020, the last time the survey was conducted.

The largest increase in the construction industry comes from Hispanic women. This demographic grew by 117% over the past six years, per The Post’s analysis, which also found that most of this growth derived from work site positions and not back office roles.

One of the biggest factors leading to this increase is the pressing nationwide worker shortage. Overall, this has caused labor recruiters to look outside their usual hiring pool, according to a November 2022 Construction Dive report. On theme with diversifying the construction workforce, U.S. Secretary of Commerce Gina Raimondo announced the Million Women in Construction initiative at a North American Building Trades Union conference in October. This initiative plans to continue to promote inclusivity by continuing to recruit more women into these high-paying construction trade roles.

“Right now, there are about one million women working in the construction industry,” Raimondo said. “I’m here to tell you that together we are going to double that over the next decade to create opportunity for another million women.”

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How to Build Workplaces That Protect Employee Health

John Macomber, senior lecturer at Harvard Business School and a veteran of the real estate industry, was studying ways to make workplaces safer for employees long before the Covid-19 crisis hit. Now that issues like air and water quality are top of mind, he is encouraging organizations to think more holistically about the buildings in which they operate, balancing cost efficiency and even eco-friendliness with investments in improvements that boost health. Studies show this will not only stop workers from getting sick; it will also enhance productivity, which ultimately helps the bottom line. Macomber is the author of the book “Healthy Buildings: How Indoor Spaces Drive Performance and Productivity”.




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The Fundamental Human Relationship with Work

James Suzman, an anthropologist and former executive, says one way to better understand the future of work is to learn from the history of it. He has studied an ancient hunter-gatherer society in Namibia and says our modern notions of work, economy, and productivity are perhaps too limiting. Suzman argues that humans have always been drawn to work for its intrinsic value, and that managers can prepare for the future workplace by broadening their thinking about work and purpose. Suzman is the author of the new book "Work: A History of How We Spend Our Time."




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How Jeff Bezos Built One of the World’s Most Valuable Companies

Sunil Gupta, Harvard Business School professor, has spent years studying successful digital strategies, companies, and leaders, and he's made Amazon and its legendary CEO Jeff Bezos a particular areas of focus. Drawing on his own in-depth research and other sources, including a new collection of Bezos' own writing, "Invent and Wander," Gupta explains how Amazon has upended traditional corporate strategy by diversifying into multiple products serving many end users instead of focusing more narrowly. He says that Bezos's obsession with the customer and insistence on long-term thinking are approaches that other companies and senior executives should emulate.




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Stop Micromanaging and Give People the Help They Really Need

Colin Fisher, associate professor at University College London's School of Management, conducted in-depth studies at several companies to determine how managers can effectively help employees who need assistance without demoralizing them. He found that the most effective helpers were the ones who clearly communicated their intentions, timed their interventions at points when people were most receptive, and figured out a rhythm of involvement that best suited their needs. He shares examples from different firms to illustrate what works and what doesn't, in person and online. Fisher is the coauthor of the HBR article "How to Help (Without Micromanaging)."




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How Empathy Helps Bridge Generational Differences

Mimi Nicklin, a business coach and executive, has seen many leaders blame poor performance and communication on generational differences. But she argues managers should spend less time forcing Millennial and Gen Z employees to conform to company culture and more time on perspective taking and listening. In her experience, practicing empathy can vastly improve team collaboration and lead to better business and individual outcomes. Nicklin is the author of the book "Softening the Edge: Empathy: How Humanity’s Oldest Leadership Trait is Changing the World."




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How CEOs Can Drive Sales — or Kill Deals

Christoph Senn, marketing professor at INSEAD, has spent years studying how top executives involve themselves in B2B sales. Some are very hands-off. Others make only social calls. Still others sit at the negotiating table. Outcomes vary widely. Senn explains the best combination of approaches for top executives engaging with core customers. And he shares how account managers and other employees can benefit from knowing their leader’s style. Senn is the coauthor, with Columbia Business School's Noel Capon, of the HBR article "When CEOs Make Sales Calls."




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CEO Series: Mary Barra of General Motors on Committing to an Eco-Friendly Future

Mary Barra, chair and CEO of General Motors, says that electric vehicles are the future for the company and the automobile industry. GM has said it will phase out vehicles using internal combustion engines by 2035 and go carbon neutral at all of its facilities. Barra describes how she's executing on that plan as well as offering broader leadership lessons in an interview with HBR editor Amy Bernstein.




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How To Talk Yourself Up (Without Turning People Off)

Leslie John, associate professor at Harvard Business School, has done some deep research into the ways that people self-promote in their professional lives and identified what works and what doesn't. She says it is possible tout your own accomplishments without annoying your colleagues, if you do it at the right time or enlist others to boast on your behalf. She notes that many common workarounds -- such as humblebragging -- are highly ineffective and advises people to not only look for more natural opportunities to self-promote but also try to present balanced views of themselves. She's full of tips you can put to work, even in virtual settings. John is the author of the HBR article "Savvy Self-Promotion."




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CEO Series: Mastercard’s Ajay Banga on Promoting Financial Inclusion

Ajay Banga, the executive chairman and former CEO of Mastercard, has spearheaded a strategy focused on serving the previously unbanked via new technologies. During his 11-year tenure as president and chief executive, the company tripled revenues, increased net income six-fold, and saw its market cap rise from below $30 billion to more than $300 billion. He attributes this growth to setting ambitious goals, planning for the long term, and ensuring that all employees and customers feel valued.




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Understanding the Venture Capital Gender Gap

Jenny Lefcourt, partner at Freestyle VC and cofounder of All Raise, says that even as a serial entrepreneur herself, she long underestimated how little venture capital funding goes to female startup founders compared to the money men get. She believes unconscious biases, an industry built on intuition, and historical dynamics all contribute to this inequity. They also affect the low numbers of women in decision-making roles at VC firms. Lefcourt explains the ways the industry can actively reduce this gap.




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The Rise and Fall of Carlos Ghosn: Part 1

When Japan's most famous CEO is suddenly arrested, conflicts are revealed in the Renault-Nissan Alliance he led for two decades. Then Carlos Ghosn jumps bail by stowing away in a private jet to Lebanon. Ghosn's daring escape raises new questions about his alleged financial misconduct — and the corporate system that kept him in power.




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The Rise and Fall of Carlos Ghosn: Part 2

After Carlos Ghosn’s dramatic turnaround at Nissan, profits soar and Ghosnmania sweeps Japan. But signs of trouble emerge as Ghosn takes over as the CEO of both Renault and Nissan in 2005. Then Ghosn’s high pay creates controversy in Japan and France. This second episode of a four-part series explores Ghosn’s leadership style and how it contributes to his eventual downfall.




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The Rise and Fall of Carlos Ghosn: Part 3

A decade into Ghosn’s tenure, Nissan starts missing his goals for growth, profits, and electric vehicle sales. Then a devastating earthquake and tsunami in Japan and a self-made crisis at Renault in France test Ghosn’s leadership. Who is holding Ghosn accountable? This third episode of a four-part series explores the cracks that appear in Ghosn’s track record.




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The Rise and Fall of Carlos Ghosn: Part 4

Suddenly powerless in Tokyo prison after his arrest, Carlos Ghosn plans an audacious escape and flees Japan while out on bail. Out of reach of Japanese authorities, the once celebrated CEO of Nissan and Renault defends his legacy as he faces new investigations by French and other authorities. This final episode of a special, four-part series features Ghosn himself and examines whether system failures contributed to his downfall. Who gave Carlos Ghosn such extraordinary power? What can we learn from his story?