Category: Manufacturing

Visualizing Raw Material Inflation in Canada



The following content is sponsored by Canadian Manufacturers & Exporters.

Raw material inflation in Canada

Raw Material Inflation in Canada

Inflation in Canada is climbing, and it has impacted the raw materials manufacturers use to produce goods. In fact, raw material prices have climbed 37% year-over-year on average.

More than half of manufacturers say this is one of their top challenges. In this graphic from Canadian Manufacturers & Exporters (CME), we show which materials have seen the biggest price spikes over the last year.

Inflation by Raw Material

The table below shows the rate of inflation in Canada for select raw materials from May 2021 to May 2022.

Raw MaterialCategoryPrice Change
(May 2021-May 2022)
CoalCrude Energy95.2%
Crude Oil & BitumenCrude Energy85.0%
WheatCrops73.4%
Natural GasCrude Energy50.3%
Beans, Peas, & LentilsCrops43.3%
Logs & Forestry ProductsForestry Products & Natural Rubber42.1%
Scrap MetalMetal Ores & Scrap40.3%
Canola/RapeseedCrops30.6%
PotashNon-metallic Minerals24.7%
Fish & Fishery ProductsAnimal Products23.7%
Lead & Zinc OresMetal Ores & Scrap21.2%
Cattle & CalvesAnimal Products10.2%
Eggs in ShellAnimal Products8.4%
PoultryAnimal Products8.3%
Sand, Gravel, & ClayNon-metallic Minerals8.1%
Fresh Fruit & NutsCrops8.0%
Nickel OresMetal Ores & Scrap5.8%
Tin, Iron Alloys, & Other OresMetal Ores & Scrap3.3%
Gold OresMetal Ores & Scrap2.1%
Natural RubberForestry Products & Natural Rubber1.4%

Crude energy materials led the rise, with the price of (Read more...)

30 Years of Gun Manufacturing in America


This post is by Nick Routley from Visual Capitalist


chart showing gun manufacturing in america increasing in recent years

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30 Years of Gun Manufacturing in America

While gun sales have been brisk in recent years, the uncertainty surrounding COVID-19 was a boon for the gun industry.

From 2010-2019, an average of 13 million guns were sold legally in the U.S. each year. In 2020 and 2021, annual gun sales sharply increased to 20 million.

While the U.S. does import millions of weapons each year, a large amount of firearms sold in the country were produced domestically. Let’s dig into the data behind the multi-billion dollar gun manufacturing industry in America.

Gun Manufacturing in the United States

According to a recent report from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the U.S. has produced nearly 170 million firearms over the past three decades, with production increasing sharply in recent years.

firearms per 100000 persons

America’s gunmakers produce a wide variety of firearms, but they’re generally grouped into five categories; pistols, rifles, shotguns, revolvers, and everything else.

Below is a breakdown of firearms manufactured in the country over the past 30 years, by type:

Year     PistolsRiflesRevolversShotguns (Read more...)

Visualizing China’s $18 Trillion Economy in One Chart


This post is by Raul Amoros from Visual Capitalist


Visualizing China's Economy By Sector in 2021

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.
When do I need a license?
Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options.
Interested in this piece?
Click here to license this visualization.

Visualizing China’s $18 Trillion Economy in 2021

China is the world’s second largest economy after the U.S., and it is expected to eventually climb into the number one position in the coming decades.

While China’s economy has had a much rockier start this year due to zero-tolerance COVID-19 lockdowns and supply chain issues, our visualization covers a full year of data for 2021⁠—a year in which most economies recovered after the initial chaos of the pandemic.

In 2021, China’s Gross Domestic Product (GDP) reached ¥114 trillion ($18 trillion in USD), according to the National Bureau of Statistics. The country’s economy outperformed government targets of 6% growth, with the overall economy growing by 8.1%.

Let’s take a look at what powers China’s modern economy.

Breaking Down China’s Economy By Sector

Sector2021 Total GDP
(Yuan)
2021 Total GDP
(USD)
% Share
Industry¥37.3T$5.9T32.6%
Wholesale and Retail Trades¥10.5T$1.7T9.2%
Finance¥9.1T$1.4T8.0%
Farming, Forestry, Animal Husbandry, and Fishery¥8.7T$1.4T7.6%
Construction¥8.0T$1.3T7.0%
Real Estate¥7.8T$1.2T6.9%
Transport, (Read more...)

Reimagining The Furniture Industry with Stephen Kuhl of Burrow


This post is by MPD from @MPD - Medium


Stephen Kuhl is the Co-Founder and CEO of Burrow, a furniture company for the modern age that delivers the most convenient customer experience in the industry.

They started out by making beautiful modular couches that come in easy to carry boxes that more or less snap together without tools. They have since expanded their product line to carry all types of more intelligent furniture. You can basically buy your entire living room on their website. It’s an awesome company and Interplay is a proud investor.

Stephen shared a ton of great insights into the world of manufacturing, which includes some crazy stories from the early days of Burrow.

If you’re building a DTC business or a company that relies on manufacturing this is worth a listen.

Listen/watch via your preferred platform here.

Show Links


Reimagining The Furniture Industry with Stephen Kuhl of Burrow was originally published in @MPD on Medium, where people are continuing the conversation by highlighting and responding to this story.

Goldman Sachs leads $202M investment in project44, doubling its valuation to $1.2B in a matter of months



The COVID-19 pandemic disrupted a lot in the world, and supply chains are no exception. 

A number of applications that aim to solve workflow challenges across the supply chain exist. But getting real-time access to information from transportation providers has remained somewhat elusive for shippers and logistics companies alike. 

Enter Project44. The 7-year-old Chicago-based company has built an API-based platform that it  says acts as “the connective tissue” between transportation providers, third-party logistics companies, shippers and their supply chain systems. Using predictive analytics, the platform provides crucial real-time information such as estimated time of arrivals (ETAs).

“Supply chains have undergone an incredible amount of change – there has never been a greater need for agility, resiliency, and the ability to rapidly respond to changes across the supply chain,” said Jason Duboe, the company’s Chief Growth Officer.

And now, project44 announced it has raised $202 million in a Series E funding round led by Goldman Sachs Asset Management and Emergence Capital. Girteka and Lineage Logistics also participated in the financing, which gives project44 a post-money valuation of $1.2 billion. That doubles the company’s valuation at the time of its Insight Partners-led $100 million Series D in December, and brings its total raised since inception to $442.5 million.

The raise is quite possibly the largest investment in the supply chain visibility space to date.

Project44 is one of those refreshingly transparent private companies that gives insight into its financials. This month, the company says it crossed $50 million in annual recurring (Read more...)

Vista Equity takes minority stake in Canada’s Vena with $242M investment



Vena, a Canadian company focused on the Corporate Performance Management (CPM) software space, has raised $242 million in Series C funding from Vista Equity Partners.

As part of the financing, Vista Equity is taking a minority stake in the company. The round follows $25 million in financing from CIBC Innovation Banking last September, and brings Vena’s total raised since its 2011 inception to over $363 million.

Vena declined to provide any financial metrics or the valuation at which the new capital was raised, saying only that its “consistent growth and…strong customer retention and satisfaction metrics created real demand” as it considered raising its C round.

The company was originally founded as a B2B provider of planning, budgeting and forecasting software. Over time, it’s evolved into what it describes as a “fully cloud-native, corporate performance management platform” that aims to empower finance, operations and business leaders to “Plan to Growtheir businesses. Its customers hail from a variety of industries, including banking, SaaS, manufacturing, healthcare, insurance and higher education. Among its over 900 customers are the Kansas City Chiefs, Coca-Cola Consolidated, World Vision International and ELF Cosmetics.

Vena CEO Hunter Madeley told TechCrunch the latest raise is “mostly an acceleration story for Vena, rather than charting new paths.”

The company plans to use its new funds to build out and enable its go-to-market efforts as well as invest in its product development roadmap. It’s not really looking to enter new markets, considering it’s seeing what it describes (Read more...)

Full Speed Automation raises $3.2m to accelerate the transition to industry 4.0


This post is by David Ola from Seedcamp


The digitisation of how we manufacture goods, via the automation of information and data exchange, is known to industry experts as the transition to industry 4.0. What does that mean and what was industry 3.0? In 1970, computers were introduced to the manufacturing process, speeding up the planning, design, and building process for all. Just 5 short decades later, we’ve arrived at the next stage, version 4.0, of industry. Enter: Full Speed Automation which enables production agility with its intelligent automation software. 

We’re excited to join Full Speed Automation on their journey in a $3.2m seed round led by our friends at HCVC (Hardware Club), with participation from Catapult Ventures, Serena Capital, Kima Ventures, Diaspora Ventures, and angel investors entrenched in the manufacturing industry. When we met Luc Leroy, Founder & CEO of Full Speed Automation, it was immediately clear to us that he knew the in and outs of this industry. After all, Luc was the man who drove the Core Automation Engineering team at Tesla to solve the Model 3 “automation hell”, helping make production profitable. While at Tesla, he also developed the team and set up the new controls and software architectures for Gigafactory Shanghai, battery cells, and Model Y production lines. In our minds, there is no one better placed to tackle this issue and accelerate the transition to industry 4.0.

Founder & CEO Luc Leroy

Full Speed’s first product, VITESSE, is the world’s first no-code automated manufacturing platform, allowing fast production bring-ups and rapid iterations (Read more...)