Consumer Goods Manufacturing within Canada by Employment (2010). 2. Non-durable Goods: Goods that typically last less than 3 years and may be ready for immediate consumption. Ex. Small appliances, clothing, food, beverages, etc… I’m sure to arouse the ire of some other armchair economists out there as I fumble and finesse this definition to fit the purposes of POCOs.ca. but here we go…. So what does it all mean? Here are a few closing thoughts on the numbers and graphics shown above: Printing: Printed materials for personal consumption When we break the consumer goods manufacturing sector down by production (the contribution each industry group makes to Canada’s GDP) slots casino 500, a few things stand out: Great question! And you’ve come to the right place to get an answer. A POCO is a P roduct O f C anadian O rigin – a term we use to describe products that bear one of the following three labels: “Product of Canada”, “Made in Canada”, or “Assembled in Canada”. A POCO product is a consumer product that has all or some of its manufacturing process occurring within Canada! I agree, here are two inforgraphics that sum it all up nicely: Another great question which we will explore over the course of the next few blog posts. For now, here’s the Reader’s Digest Version: Product of Canada: A product that has had it’s last substantial transformation happen within Canada, and the vast majority (>98%) of the manufacturing cost has been incurred in Canada. Products bearing this label are very Canadian. Grab a coffee, this is a snoozer. Production (Value Added): $19,171M Quick question: Is an airplane a consumer good? Since the scope of Consumer Goods manufactured within Canada is broad, POCOs.ca restricts its focus on Consumer Goods to non-service video poker optimum play, non-food consumer goods. In other words: A Consumer Good is a good that is complete for final consumption/use. Consumer goods are separate from intermediate goods and raw materials. Intermediate goods are goods produced for further modification or incorporation into final goods (consumer goods), and raw materials are unmodified commodities. For example, a car is a consumer good, while the chassis is considered an intermediate good, and the steel used to create the chassis is a raw material. Furniture: Household use. Let’s take a closer look: In 2011, Canada’s Gross Domestic Product (GDP) was $1,271 Billion [reported in 2002 dollars], the goods-producing industries accounted for $365 Billion (28.7% of total) and the service-producing industries accounted for $906 Billion (71.3% of total). Of the goods-producing industries online data entry jobs, manufacturing is the largest within Canada and accounts for $162.1 Billion of GDP – 44.4% of the goods-producing industries’ output and 12.8% of the total GDP of Canada. Despite today’s prevailing attitude that ‘Manufacturing just doesn’t matter’ – it does and it contributes significantly to Canada’s economy. pocosdotca on September 23rd, 2012 Other: Consumer goods not covered by one of the above categories. 1. Durable Goods: These are goods that are ready for final consumption and typically last longer than 3 years. Ex. Large appliances, household furniture, cars, etc… In the last blog post (click here to read) we saw that the manufacturing industry significantly contributes to the Canadian economy – to the tune of $162 Billion in output in 2011. This represents roughly 13% of the Canadian economy’s output [$1 free blackjack online bovada,271 Billion in 2011]. POCOs.ca connects Canadians with Canadian-made consumer goods. Consumer goods manufacturing is a sub-sector of the Manufacturing industries and we will discuss what this sub-sector of manufacturing looks like in Canada in a future post. Household Appliances: Small and large appliances A: No, or at least not likely (unless your last name is Trump or Branson). An airplane is considered a capital good – a final good used in the production of another good or service. An airplane is considered a capital good since they are generally purchased by airlines which use them to vend flights (a service) to their customers. Another example is a lathe purchased by a furniture manufacturer. The furniture produced by the manufacturer is a consumer good – provided it is used for individual, personal use – and the lathe is a capital good. Manufacturing represents 44.4% of the goods-producing industries output and 12.8% of Canada’s total GDP. The Canadian economy can be divided into 2 classes – the goods-producing industries and the service-producing industries. The goods-producing industries are generally associated with the production of tangible goods, and include: Agriculture, Mining/Oil/Gas, Construction, Manufacturing, and Utilities. The service-producing industries (15 in total) provide primarily services and include: Wholesale/Retail Trade, Real Estate, Transportation, Financial Services kostenlose casino virginia, Education, Health Care free slots 0n line, etc. The complete list of the 20 industries that make up Canada’s economy can be seen here . Made in Canada: A product that has had it’s final substantial transformation happen within Canada, and the majority (>51%) of the manufacturing cost has been incurred within Canada. This label is generally used with a qualifying statement indicating that imported materials were used in the production of the product (ex. “Made in Canada of domestic and imported goods”). Products bearing this label are Canadian with a some international zest! What’s a Consumer Good? – Check out my previous blog post on the topic here. A consumer good is essentially a final products that is ready for personal consumption, this includes: clothes, cars, furniture, appliances, etc. Food and beverages would generally fall into this classification; however live casino wins, to keep things simple we focus on non-food goods here at POCOs.ca . 3. Services: These are intangible goods that are consumed as they are delivered. Ex. Lawn care, massages, etc… I wasn’t able to find any hard numbers on the amount of production or the number of people employed in the consumer goods manufacturing sector within Canada. So I scrapped together an aggregate view of this sector by looking at the employment and production figures for different industries within the NAICS [North American Industry Classification System] data provided by Industry Canada. This should paint a sufficiently clear picture of the Canadian consumer goods manufacturing sector, let’s have a look: Total: All consumer goods manufactured within Canada. Transportation Equipment: Personal transportation equipment. Footwear Manufacturing: All footwear, any material Chemical Manufacturing: Chemically-based products manufactured for personal and household use. I should mention that the figures shown above are likely on the conservative side. There were a few instances when manufactured consumer goods fell into the same NAICS categories as intermediate or capital goods. For example, manufactured kitty litter (a consumer good) was classified in the same category as embalming fluids (an intermediate good used by funeral homes). Also, bicycles (a consumer good) fell into the same category wit armoured military vehicles (a capital good used by the military). In cases where consumer goods and intermediate or capital goods were mixed, I did not include those figures in my numbers above – resulting in an understatement on the breadth of consumer goods manufacturing in Canada. But where do manufactured consumer goods fit into all of this? POCOs.ca exists to connect Canadians to consumer goods made in Canada. While it is great that Canadians are employed in the fabrication of airplane parts (ex. Boeing) and city buses (ex. New Flyer) no deposit bonus slotastic, I don’t know too many retail consumers who are in the market for these types of products. So let’s look at what types of consumer goods are made in Canada and how many people are involved in the production of these everyday items. Consumers Goods Manufacturing within Canada by Production (2010). What Types of Consumer Goods are Made in Canada? From the numbers I scrapped together from the Industry Canada site, the consumer goods sector generates $19.2 Billion in value-added output (GDP contribution), this represents roughly 12% of the $162.1 Billion in GDP contributed by the Canadian manufacturing industry. From an employment stand-point, the consumer goods sector also represents approximately 12% of the total manufacturing industry. What role does the Manufacturing Industry have within the Canadian Economy? I’m currently reading a great book called “the Free Trade Myth” by Dr. Ravi Batra. Although I generally consider trade to be a good thing – it increases consumer freedom by allowing access to products from around the world and allows nations to specialize in products/services they are best at making (Canadians just can’t make [. ] Elsewhere on the Industry Canada site, they state that the consumer goods sector (in this instances they included the food and beverage industries) represents one third (33%) of the GDP generated by the manufacturing industries and 40% of employment within the manufacturing industry. As POCOs.ca does not focus on the food and beverage manufacturing, the consumer goods sector as discussed on this site is smaller than the Industry Canada figures; however, the true numbers on employment and production within the consumer goods sector likely lie somewhere in between today’s conservative estimates and the more liberal figures provided by Industry Canada. All in all ipad zoom lens, to sum everything up – the consumer goods manufacturing sector within Canada is no small potatoes! pocosdotca on September 30th, 2012 pocosdotca on October 1st casino mobile 423, 2012 The Competition Bureau provides a more in-depth (and long-winded) explanation of the above labeling categories here. Clothing Manufacturing: Manufactured clothing including knit clothing internet casino 007, cut and sew apparel, and clothing accessories. POCO: Product of Canadian Origin. A POCO includes products “Made in Canada”, “Assembled in Canada”, and “Products of Canada”. What are Consumer Goods? Consumer Goods @ POCOs.ca = Consumer Goods - Services - Foods/Beverages. Assembled in Canada: Some of the manufacturing cost associated with producing the product have been incurred within Canada, but it is less than 51% and therefore can not bear the “Made in Canada” label. These products are more international than domestic. Consumer Goods (also called final goods) can be divided into 3 categories: What do these labels mean? pocosdotca on October 8th, 2012 The picture changes a little when we break the consumer goods sector down by employment:
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