We are yet another month closer to the holidays, and November was packed full of exciting happenings. The Chamber hosted The Northern Trades Brainstorm with various industry leaders attending to learn from each other. Ideas and solutions were shared across the room and real creative thinking was presented. Pembina and DP World made this conversation possible. We had the following prominent figures attend the talk as conversationalists:
We started off with what changes have been seen in the industry after Covid and how businesses have had to pivot in order to stay afloat. Online learning and using technology to support more efficiencies whilst freeing up more time for implementation was a big topic and rendered a platform for great growth. It also appears that some are making use of more inclusive approaches when making decisions to include staff members to drive ownership of each project. More brains are better than one when tackling tricky situations. Going straight to the source for supplies rather than working through a third party was another way shared to expedite the shortage of stock, whilst others were more of the opinion to outsource tasks that can be done by another. One discussion point that got the audience talking was whether to buy stock in bulk as it came available or to rather wait it out. “Buy what you see, Sell what you see” VS Waiting for the economy and prices to settle as every market reaches a breaking point at some stage. There are pros and cons to both approaches, one may leave you overstocked and could render an opportunity for outside-the-box thinking and the other may provide more cost-effectiveness with possible delays in production. It surely was a great discussion, those who missed it make sure to attend the next one for even better discussions! I hear that December’s topic might be SUSTAINABILITY for small businesses #winkwink
Become a member today and be part of the conversation! rupertchamber@gmail.com
- Daphne Thomson, President PRDCC
