Critical Care Product of the Year 2020: TurnCare Guardian System – USA

Turncare logo

In 2011, Dr Rafael Squitieri, Chief of Cardiothoracic Surgery at St. Vincent’s Medical Centre, was inspired to transform critical care based on an unforgettable experience with a young patient who underwent successful open heart surgery, but later suffered complications after the procedure from a sacral pressure injury. It was this experience that led to the founding of TurnCare, an outstanding company that utilizes innovative technology to provide better care flexibility for critical care clinicians. Discover more about TurnCare and its award-winning Guardian System, as we profile the firm.

2011 saw Dr Squitieri team up with serial entrepreneur and expert software leader Kim Orumchian to found a company that utilized innovative technology to provide better care and better flexibility for critical care clinicians. Out of their combined vision and the formulation of TurnCare, Dr Squitieri and Kim created the Guardian II system, which is designed to promote healthy blood flow where the majority of pressure injuries occur and provide an alternative to turning patients that are unable to be frequently repositioned. To date, Dr. Squitieri has helped thousands of patients using this radically different approach, which has resulted in enhanced care, improved patient management, and a superior clinician experience. TurnCare’s purpose is to replicate these results for patients and clinicians everywhere and change the way that medical facilities treat the most complex critical care patients forever.

The most game-changing element of TurnCare is its award-winning Guardian System II, which is an anatomy-specific, multi-surface patient support system that deploys a unique pressure algorithm that is able to customize individualized therapy to maintain health blood flow during ventilation. Guardian II is clinically designed to give clinicians the option to reduce turning frequencies in complex critical care patients while lowering adverse events and allowing staff to focus on competing critical life-saving tasks. The system also leverages VasoTactic TM technology, which was created to provide precise pressure gradient therapy to maintain good blood flow in the sacral region. This unique approach helps to prevent sacral vascular compression and a myriad of associated local and systemic health benefits.

Unlike traditional pressure-redistribution surfaces which repeatedly apply pressure across large surface areas of the body without regard for human anatomy and physiology, the Guardian System II understands where, how much, and how long to apply pressure so that blood flow is consistently maintained. TurnCare’s Guardian System II is easily added to various patient surfaces and has automated capabilities that facilitate alerts, notifications, and patient support without caregiver intervention.

In TurnCare’s pivotal trial, which was later published in the Journal of Wound Ostomy and Continence, the Guardian System II exceeded expectations by demonstrating seriously impressive outcomes. This included an 81% reduction in sacral hospital-acquired pressure injuries with high-risk acute care inpatients versus existing alternating pressure air bed therapy, as well as a 60% faster time to the complete healing of Stage 2 pressure injuries in long-term care patients and a 57% reduction in length of stay for stroke and acute kidney injury patients.

Guardian System II has also been deployed in the fight against COVID-19. To meet the rising clinical demand during the COVID-19 pandemic, the innovative product was utilized as a widespread intervention throughout multiple existing and newly constructed COVID-19 Intensive Care Units (ICUs) on an increased number of highly contagious, critically ill ventilated patients. Guardian Systems were both pre-deployed on ICU beds and placed on patients as soon as possible in COVID-19 units allowing for immediate pressure injury prevention therapy upon admission, reducing clinical effort, risk, and care team exposure.

Despite reduced turning schedules due to drastic staffing challenges and high ICU census, the Guardian System II still showed benefits in preventing skin breakdown in complex, critically ill COVID-19 isolation patients. The additional time not required, or prevented due to instability, for patient turning was allocated towards prioritizing more critical lifesaving tasks. The Guardian System II showed effective potential in supporting the repurposing of staff for critical care, maximizing patient and staff safety, and minimizing transmission risk to caregivers and other patients. Ultimately, TurnCare is an outstanding innovation, one that has come along at exactly the right moment to prove vital in the fight against COVID-19. As the future months continue to pit humanity against the virus, there can be no doubt that TurnCare’s Guardian System II will remain an exceptional bit of technological innovation.

 

For more information, please contact Erica Kelly or visit: www.turncare.com

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COVID-19 Antigen Testing For Guests Now Offered Onsite At Mexico’s Velas Resorts

Covid antigen test

Mexico’s Velas Resorts now offers in-house COVID-19 antigen testing for guests. As of January 26th, the Centers for Disease Control and Prevention (CDC) requires all US residents traveling back to the US to present documentation of a negative COVID-19 test. Testing in accordance with the new CDC requirements is available onsite at the resort collection’s six properties, in Los Cabos, Riviera Maya, Riviera Nayarit, and Puerto Vallarta. For guest comfort and convenience, certified medical workers from the local affiliated hospital come to the hotels to perform the test. The COVID-19 antigen test is included in the nightly rate and results are sent by email within 24 hours.

If a traveler tests positive for COVID-19 and requests to extend a reservation at one of the hotels, Velas Resorts offers a 75% discount on its listed web rates. An extra suite is also offered for the person who received a positive result to safely and securely quarantine separate from their family or other traveling companions if they choose. Designated suites are reserved away from other guests with strict Covid protocols in place. Stay will be subject to European Plan or All-Inclusive based on the hotel’s current offering for up to 14 nights.

Velas Resorts have received the global safety stamp of approval from the World Travel and Tourism Council (WTTC) due to its state-of-the-art safety and cleanliness protocols detailed in a 15-page Stay Safe with Velas program. Sanitizing mats and booths, touchless hand sanitizing dispensers, increased cleaning and sanitation with both EPA-chemicals, and special COVID-19 training for staff are examples of protocols being implemented by the resort collection. In addition to the antigen testing, PCR testing (for Canadian residents) is also available onsite or at a local hospital. Cost and results turnaround is based on each destination.

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Playa Mundo Maya by GPS-Group is the New Holiday Destination in Isla Aguada, Yucatan Peninsula

beach

Playa Mundo Maya, a new boutique eco-hotel destination, is under construction on the Yucatan coast, located out of the sargassum and hurricane path in the Gulf of Mexico side of the Yucatan Peninsula in Isla Aguada, which just recently has been appointed “Pueblo Magico” – a top holiday destination in Mexico.

Isla Aguada has the most attractive white sandy beach in the State of Campeche; the area is set to be the brand-new luxury holiday destination: Playa Mundo Maya.

The first holiday rental villas and eco-hostel “La Playita” are ready. Several projects are under construction, and many more will be developed in the 42 km-long beaches to the north of Isla Aguada.

The Global Property Service Group (GPS-Group), the biggest landowner in the area, was just recently authorized to build the first eco-hotel resort and marine life observatory, and numerous eco-hotels, beach clubs, spas, retreats and boutiques will be built.

Mayan Train railway and Tulum Luxury airport projects start operating in 2023 with over 3 million tourists in Mundo Maya Area.

The US$10 billion railway project would link towns, cities, and tourist attractions in five southern states. It is expected to transport 8,000 passengers per day. The train project will trigger real estate investment of at least 150 billion pesos (the US$17.9 billion), according to the chief of the National Tourism Promotion Fund (Fonatur). The government says that the construction and operation of the Mayan Train will generate employment and economic prosperity in the whole southeast of Mexico.

Both the government and the GPS-Group aim to transform the island into the most attractive sustainable tourist destination in the Yucatan Peninsula.

The hotel zone will benefit local people as the land price is expected to increase, and residents are opening their businesses to serve all the visiting tourists. Local people can run every type of business to respond to the growing market’s demand. They will feel delighted with more job opportunities, which ultimately raise their standard of living.

Investors have turned their attention to Playa Mundo Maya, as the demand for hotel rooms is huge as Isla Aguada town has just under 100 hotel rooms available where other Pueblos Magicos have an average of 30,000 hotel rooms.

The most attractive part for investors is that the land price on the island is much lower than the other beach areas developed in the Yucatan Peninsula, where the huge demand from international hotel companies has been already pushing prices much higher in recent years. Regarding the local real estate company: Isla Aguada Real Estate, the average oceanfront land square meter price on Isla Aguada beach is now USD 77 per square meter compared to over USD 350 per square meter Riviera Maya, Quintana Roo coastline. Land price in Playa Mundo Maya is expected to increase strongly in the near future.

For many hotel owners who have faced last year’s severe seaweed problem in the Mexican Caribbean coastline, Playa Mundo Maya presents a natural choice to build their second eco-hotel as the millions of tons of seaweed have been piling up in Cancun, Riviera Maya, and nearby beaches in Tulum, Playa del Carmen, and Holbox.

Playa Mundo Maya is located on another side of the Yucatan Peninsula on the Mexican Gulf’s safe side, which is away from the sargassum path and the high-risk of hurricane impact.

Isla Aguada and Playa Mundo Maya have all the same ingredients for success as Playa Del Carmen and Cancun had 20 or 30 years ago, including pristine beaches and lagoon, Mayan ruins, and world-class fishing and diving, to name a few.

By the time the Mayan Train railway is operating, the Playa Mundo Maya will be competing with the world’s most attractive destinations for honeymoons and health retreats embracing the heart of Mexican culture.

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Leaders from Latin America and the Caribbean Set Priorities for the Post COVID-19 Recovery Agenda

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Over 2,700 attendees and representatives from 35 governments met virtually on January 12, 13 and 14 at the XII Ministerial Forum for Social Development in Latin America and the Caribbean “COVID-19 – Beyond Recovery. Towards a new social contract for LAC”.

The event co-organized by the government of the Republic of Colombia and the United Nations Development Program (UNDP), included the Fourth Meeting of the Board of Directors of the Regional Conference on Social Development in Latin America and the Caribbean of the Economic Commission for Latin America and the Caribbean (ECLAC). It brought together vice-presidencies and ministries in charge of the design and implementation of development policies oriented to social, economic and environmental areas in Latin America and the Caribbean. The Forum was aimed at sharing and analyzing experiences and strategies to reach a new social contract for the region that goes beyond the recovery to target conditions prior to the pandemic, and that advances in the construction of more inclusive, productive and resilient societies better equiped to face future crises.

The event was framed by the reflection on how the impact of the COVID-19 pandemic in the region quickly went from being a health crisis, to presenting social, economic and, in several cases, even governance challenges. The pandemic has also interacted with structural lags, threatening decades of progress in the development of countries.

COVID-19 and its unprecedented effects on human development are a warning of the kinds of challenges we will undoubtedly face in the future, unless we transform the way we interact with the planet.

In order not to leave anyone behind, it is essential to strengthen national, regional and global alliances and cooperation mechanisms that include all sectors and forces of society. At the regional level, the new United Nations Regional Collaboration Platform (RCP) for Latin America and the Caribbean, established following the mandate of the UN General Assembly and the UN Economic and Social Council (ECOSOC) to strengthen the regional architecture of the United Nations and ensure a better response to the 2030 Agenda for Sustainable Development, will play a key role.

 

The forum focused on three critical areas for the region’s development: social protection, inclusive digital transformation, and effective governance.

The forum opened with a welcome greeting from the Minister of Foreign Affairs of Colombia, Claudia Blum, followed by the valuable interventions of H.E. Iván Duque Márquez, President of Colombia, and the renowned academic Francis Fukuyama, among other participants. The first event, reflected on how social protection and tax systems can serve the construction of resilient societies. Participants deliberated on the importance of expanding access to health and social protection for those sectors more vulnerable to the crisis. The importance of rethinking social protection systems so that they gradually move towards universal schemes, was also discussed. This requires to understand social protection systems as a part of a broad social pact that is intimately linked to countries’ fiscal situation.

The 2020 Ministerial Forum offered an oportunity for the Regional Launch of the Global Human Development Report, which had the honor of having H.E. Iván Duque Márquez, President of Colombia as the main speaker and Ms. Laura Chinchilla, Former President of Costa Rica, as a panelist, among other distinguished personalities. The new Human Development Report 2020 (HDI) looks at how humanity can navigate this new era (the era of the Anthropocene), unfolding the relationships between people and the planet and showing how our impacts on Earth interact with inequalities in societies.

 

The COVID-19 crisis has also made clear the need to move away from a classification of Caribbean economies based solely on income to incorporate a vulnerabilities approach. With a presentation by Ravi Kanbur, Professor of World Affairs and Applied Economics at Cornell University, the forum served as an initial platform for discussion on options for a new classification of the Caribbean economies.

In relation to digital transformation, the central role of technological inclusion was analyzed so that the impact caused by the pandemic does not aggravate social inequalities between those with and without access to economic or learning activities through digital means. The current situation is an opportunity for digital inclusion to promote present and future economic dynamism, in coordination with private agents and civil society. In fact, one of the discussion tables that attracted the most attention from the public, was the one where private initiatives for digitalization for development were discussed with senior executives from companies such as Visa, AT & T / DIRECTTV, 1MillionBot and Davinci Technologies.

On the realm of effective governance, prominent personalities such as H.E. David Choquehuanca Céspedes, Vice President of Bolivia and H.E. Ricardo Lagos, Former President of Chile, among others, shared their perspectives. According to them, a broad and inclusive public deliberation is necessary for evidence-based policies to find an echo in the competitive Marketplace for ideas. Policies that are conceived with transparency and citizens’ participation, are more likely to be effective and sustainable in the medium term.

 

Finally, the participants examined the measures necessary to consolidate effective governance to prevent the impact on the income of millions of families and on public budgets, from increasing political polarization.

The Vice Presidencies and Ministries thanked the government of the Republic of Colombia and UNDP for the opportunity to dialogue on crucial issues in a context of unprecedented complexity. They highlighted the role of the organization and its strategic contributions offering timely research and policy proposals based on evidence to build solutions to the crisis; as well as the Economic Commission for Latin America and the Caribbean (ECLAC) for its contributions to the reflections of the Forum.

A new social pact to emerge from the crisis requires recognizing that, as a systemic crisis, recovery from the pandemic requires a systemic solution and, therefore, this is an unprecedented opportunity to revolutionize the way we think about and conduct social development.

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More Canadian Consumers Willing to Share Lifestyle Data for Behaviour-Based Insurance Premiums, but Trust in Data Security Falls, Accenture Report Finds

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The number of consumers willing to share significant data on their health and other lifestyle-related habits with their insurer to reduce premiums has grown over the past two years, but their trust in insurers to look after that data has fallen, according to a new report from Accenture.

Based on a survey of more than 47,000 consumers globally, Accenture’s latest Global Insurance Consumer Study provides a view of consumer preferences and trends in insurance, building on similar reports from 2019 and 2017.

At a time when insurers are launching tech-driven partnerships to improve customer wellness, approximately seven out of ten consumers (67%) say they would share significant data on their health, exercise and driving habits in exchange for lower prices from their insurers, compared with 59% two years ago. In addition, six in ten (59%) of consumers say they would also share significant data for personalized services to prevent injury and loss — up from 48% in the 2019 report.

But while consumers are more willing to share personal data, their concerns about intrusiveness and its impact on premiums has grown and their confidence in their insurers’ ability to look after their data has diminished. For instance, just under 37% of consumers say they significantly trust insurers to look after their data, down from 45% in the 2019 report.

“Consumers are embracing the data-for-personalized-pricing trend and want insurers to reward their efforts to improve their well-being, but it comes with a warning that trust is waning and they want to feel in control of their data,” said Kenneth Saldanha, who leads Accenture’s Insurance industry group globally. “Insurers are creating tech-driven partnerships to provide their customers with flexible, personalized insurance offerings based on behavior, but they’ll need to be transparent and responsible with their customers’ data for these partnerships to succeed. To earn consumers’ trust, insurers will need to show that their customers’ well-being is at the core of their business.”

 

As insurance becomes more digitized, human advisors will help restore trust

The report also finds that insurers will need to re-evaluate the role of human workers, particularly as COVID-19 has drastically accelerated the industry’s adoption of digital insurance services. For instance, the number of respondents over the age of 55 who said they would like the internet chat and video insurance claim process to replace the traditional in-office claim process increased, up from 49% to 66%.

However, consumers overall still trust human advisors more than digital touchpoints for certain services. One example: 61% of consumers trust a human advisor in a branch when making an insurance claim, while only 10% trust an automated digital service and just 10% trust a chatbot.

“This is a critical time for insurers, as they need to work to fully address the shifts in consumer behaviour caused by the pandemic, including the ever-increasing expectation to create user-friendly digital experiences,” said Tim Hoying, insurance consulting and strategy lead at Accenture in Canada. “Given consumers’ openness to share their personal data in exchange for tailored programs and lower prices, there is a unique opportunity for insurers to unlock new insights and create better, more relevant services.”

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Colombian President Officially Opens Trina Solar Plant

Solar plant power

The second phase of the Los Llanos photovoltaic power plant project developed and managed by Trina Solar in Colombia has been connected to the grid and the start of its commercial operations officially declared.

The President of Colombia, Iván Duque Márquez, cut the ribbon at the delivery ceremony on Jan 22. He expressed his gratitude to Trina Solar for its important contribution to the smooth grid connection of the project and said it will enable thousands of Colombian families to have safe, reliable and permanent energy. Colombia has made great strides in renewable energy, he said, and by next year the installed capacity of solar and wind energy in the country will have increased more than seven-fold.

Phases one, two and three of the Los Llanos project, with total installed capacity of 82 MWp, have been developed by Trina Solar’s International System Business Unit (ISBU). Trina Solar (Colombia), a wholly owned subsidiary of Trina Solar, provided EPC management services for this project. The first phase of the 27MWp megawatt project was completed and delivered to the grid in October. The second phase, involving grid connection, installed capacity of 27MWp megawatts and will generate 51 gigawatt-hours of electricity each year, equivalent to the consumption of 23,800 households. It will help reduce carbon dioxide emissions by about 19,450 tons a year.

The President of Trina Solar International System Business, Mr. You Hongming, said that having President Duque cut the ribbon was a great honor for the company.

“The President’s recognition of Trina Solar’s contribution to Colombia’s renewable energy business encourages us greatly. Trina Solar International System Business has worked on cultivating its activities in Latin America over many years, has accumulated a fantastic pipeline and built up a strong and experienced project execution team. Our team completed the second phase of the Los Llanos project  and achieved grid connection in just four months, this is a remarkable achievement given the difficult circumstances resulted from COVID-19.”

The head of the Latin American North Region of Trina Solar International System Business, Ruben Borja, said: “President Duque’s attendance at the ceremony adds to our confidence in the Colombian solar market. Our team is now giving its all to complete the fourth and fifth stages of the Los Llanos project, which will have installed capacity of about 52 MWp.”

The overall project will install more than 200,000 high-reliability, high-power dual-glass modules, coupled with Vanguard Tracker Solutions. The perfect adaptation of Trina Solar’s dual-glass modules and the tracker system can reduce the levelized cost of energy and provide customers with high reliability, high-power generation and higher returns. As the leading global PV and smart energy total solution provider, Trina Solar provides customers worldwide with a package of integrated solar energy solutions including products, power plants development, design, procurement and EPC management services.

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Clean Fuel Standard Act: Driving Economic Investment and Innovation While Reducing Greenhouse Gas Emissions

CO2 Emissions

Sen. Mimi Stewart and Rep. Nathan Small filed the New Mexico Clean Fuel Standard Act (Senate Bill 11), a Governor’s priority bill that would bring an estimated $47 million in economic investments annually to the state while significantly reducing greenhouse gas emissions from the transportation sector. The transportation sector is the second-largest source of greenhouse gas emissions in New Mexico behind the oil and natural gas industry.

If enacted, the Clean Fuel Standard Act will establish a market-based approach to cut greenhouse gas emissions from transportation fuels, requiring fuel producers and importers to reduce the amount of carbon in fuels used in New Mexico — a 10% reduction by 2030 and a 20% reduction by 2040. Fuel producers and importers can meet a lower carbon fuel standard by purchasing credits if they are not able to produce fuels that meet the carbon standard. Credits may be generated from any business in any sector of our economy – including the agriculture, chemical, dairy, energy, film, forestry, manufacturing, mining, oil and gas, waste management and wastewater treatment industries. The Clean Fuel Standard Act does not apply to retailers of transportation fuels, like gas stations.

The Clean Fuel Standard Act is the first step taken toward implementing a market-based program to reduce greenhouse gas pollutants directed by Gov. Michelle Lujan Grisham in 2019’s Executive Order On Addressing Climate Change And Energy Waste Prevention.

“As the first state in the Southwest to seek a clean fuel standard program, we are blazing a path toward significant economic investments while tackling emissions that contribute to climate change,” said Gov. Lujan Grisham. “We must reduce the carbon intensity of our transportation fuels for the health and welfare of our communities – this program gets us there with the added benefit of significant clean energy investments.”

“I am proud to sponsor this priority legislation, which advances so many of the goals we have as a state: diversifying the economy, improving our environment and creating more jobs for New Mexicans,” said Sen. Mimi Stewart. “I am hopeful that my colleagues in the Legislature will also see the vast potential a Clean Fuel Standard has for New Mexico.”

“Cleaning up transportation fuels will create jobs, help diversify our economy, and fight catastrophic climate change,” said Rep. Nathan Small. “I’m excited to help New Mexico show how fighting climate change is good for business.”

The legislation requires the New Mexico Environment Department (NMED) to develop rules within 24 months of the bill becoming a law. The Clean Fuel Standards Act does not present a numerical standard for any fuel, as that will be selected during the NMED rulemaking process. The Clean Fuel Standard Act includes a $3.2 million appropriation for NMED to develop the rules to implement the Clean Fuel Standard Act.

“We’re tackling greenhouse gas emissions in New Mexico using science and innovation in our laws and rules,” said NMED Cabinet Secretary James Kenney. “Today, we are taking another step in transforming our economy away from carbon-emitting fuels to protect the health New Mexicans and to stem the impacts of climate change.”

A report by Adelante Consulting finds that industries related to the in-state production of low-carbon fuels could see significant job growth in New Mexico and $47 million in carbon-reduction investments if a CFS program is implemented.

“The Clean Fuel Standard will be good for economic development in New Mexico and continue the momentum we have established toward strengthening our economy and creating jobs right here at home,” said Economic Development Department Cabinet Secretary Alicia Keyes. “Supporting a Clean Fuel Standard will bring positive attention to New Mexico and once again tap into our spirit of innovation as we move toward economic recovery.”

“We look forward to the opportunities the Clean Fuel Standard Act will provide for New Mexico farmers, ranchers and dairy producers, who will be able to supply the biomass used to produce clean energy fuels,” said New Mexico Department of Agriculture Cabinet Secretary Jeff Witte.

“This important legislation complements a number of other laws and policies spearheaded by the Governor’s Climate Change Task Force,” said Sarah Cottrell Propst, Cabinet Secretary of the Energy, Minerals and Natural Resources Department. “The Clean Fuel Standard will reduce pollution from one of New Mexico’s largest-emitting economic sectors.”

If enacted, New Mexico would join two other states, Oregon and California, which already have their own CFS programs. The State of Washington is currently presenting a legislative proposal to begin a CFS program. 

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Engaging the Biden Administration on Trade Will Be Key to Canada’s Long-term Economic Fortunes, Shows Latest RSM Canada Report

USA and Canada trade deal
  • A trade boost with the U.S., alongside effective vaccine distribution, would put Canada on track for robust two-year growth
  • Canada’s output will likely expand four per cent in 2021 & 2022, though its economy likely won’t reach full potential until 2023


RSM Canada (“RSM”), the leading global provider of audit, tax and consulting services focused on middle market businesses, today launched its first 2021 issue of “The Real Economy: Canada” – a quarterly report that provides Canadian businesses with economic analysis and insights into factors driving growth, or economic headwinds, in Canada’s middle market.

As Canada tackles its most serious wave of the COVID-19 pandemic to date, and its biggest trading partner – the United States – is set to introduce a new President this week, the latest Real Economy: Canada report shines a light on how the country’s trade and economic prospects can benefit from improved U.S. relations and a strong vaccination response in the coming months.   

The report also examines what the federal government must do to address Canada’s daunting infrastructure deficit as it looks to get the country’s economy back on track.

 

Key findings in this quarter’s report include:

1. Canada’s long-term economic prospects will largely depend on expansion of U.S. and global trade

  • Canada’s economy is the most dependent on trade among large, developed nations. It can expect a boost if the Biden administration re-enters the U.S. in the Trans-Pacific Partnership (TPP).
  • From 1961 to 2019, the importance of international trade to Canada’s economy has nearly doubled, with total exports and imports accounting for 67 per cent of Canada’s GDP in 2019.
  • Canada poised to make significant economic gains should the U.S. end its trade war with China, which analysis shows has harmed Canada nearly as much as the U.S. given integration between the two economies.


2. 
Economic growth shows promise, but will be uneven across sectors

  • Canadian output will likely expand four per cent in 2021 & 2022, though economy won’t reach full potential until 2023.
  • Gains in 2021 likely uneven across sectors until vaccine is widely distributed, while “energy-intensive” parts of Canada will face greater difficulties than others.
  • Nonfinancial corporations are poised to lead Canada out of recession following their quick turnaround, helped by a likely decline of U.S. trade barriers.


3. 
Service sector job shortage and spike in household savings remain a concern for the economy

  • Continued oversupply of labour threatens to drag wages down and reduce household income and consumption.
  • Canadian households continued propensity to save during the pandemic, despite increases in disposable income, will be a concern for fiscal authorities should lack of household spending turn a supply shock into a demand shock.
  • Households were saving on average as much as 27.5 per cent of disposable income during pandemic, in comparison to 1.4 to 2 per cent in the first quarter of 2020.


4. 
Decades of underinvestment leaves Canada with a daunting infrastructure deficit

  • Deficit ranges from $110 billion to $270 billion, though Canada is investing enough to start reducing the shortfall.
  • The federal government has signaled a major infrastructure program to provide needed stimulus to reinforce the economic recovery from the pandemic.
  • Decelerating labour productivity growth rates in Canada and the U.S. – a key driver of long-term economic growth – are directly related to decreasing infrastructure investment levels.


“Given Canada’s historic over-dependence on trade, as well as its integration with the U.S. economy, it’s difficult to think of anything that could have a greater impact on Canada’s long-term recovery than the U.S. re-entering the Trans-Pacific Partnership (TPP)” says Alex Kotsopoulos, partner, projects and economics with RSM Canada. “This was a deal that President Trump walked away from in 2017, but the incoming Biden administration has hinted at its intent to re-enter the agreement, while also potentially ending the country’s trade war with China. Both actions could lead to substantial economic benefits for countries like Canada, which have been harmed by association through these trade disputes in recent years.”

Joe Brusuelas, chief economist with RSM US LLP, added: “Once the vaccine is in place and case numbers drop down, we’ll start to see the Canadian economy gradually reopen and when you pair that with a stronger, more fruitful trade relationship with the U.S., we’re in a good place to see robust growth over the next two years. However, it’s not going to be plain sailing – the large supply shocks felt across North America as a result of the pandemic will take a number of years to repair, with damages to the labour force and a decline in investment and productivity resulting in lower output.”

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New World Report Unveils the 2020 Winners of the Software and Technology Awards

United States, 2021 – New World Report has announced the winners of the annual Software and Technology Awards.

The last twelve months have been a crucible of change. Long-standing paradigms were cast aside, and previously indominable industries suddenly found themselves on unsteady ground, their foundational strengths stripped away. Software and technology, in many ways, offered scaffolding and support, with companies of all sizes and in all locations finding an increased demand for their expertise in the wake of great need. Businesses who had never considered e-commerce suddenly found themselves needing to pivot to thrive in a year where nothing could be taken for granted. Entire workforces found themselves working from home, with many companies lacking the infrastructure to accommodate.

Whilst technology has, for the last decade at least, seen itself thrust into a role of crucial importance, 2020 has only magnified this role to new heights. It’s with all of this very much in mind that we launched the 2020 edition of the Software and Technology Awards. As always, we have endeavored to acknowledge the efforts of these pioneers and disruptors of modern technology, as well as those who have sustained excellence and exhibited long term dedication to their commitment to the development and advancements in technology.

Awards Coordinator Gabrielle Ellis took a moment to speak on the achievements of those recognized. “It is always a pleasure to highlight the companies that work in the technology sphere, especially with consideration of the challenges all businesses and all industries have faced over the last year. I offer a sincere congratulations to all of those acknowledged in this program and hope you all have a fantastic year ahead.”

ENDS

NOTES TO EDITORS

About New World Report

New World Report is an insightful and informative business news platform providing readers throughout the Americas with business advice to aid business progress, success stories aimed to inspire and trends and innovations to support business growth and continuity. Born out of the merge of U.S. Business News and Latin America News, The New World Report has a dedicated website which is updated daily with content and each month a newsletter is circulated to more than 100,000 businesses and professionals from across the region.

New World Report is brought to you by AI Global Media. AI Global Media is a digital media group launched in 2010 with 12 brands in its portfolio. The group has in excess of 600,000 pageviews across its brand websites per month (*accurate as of June 2020) and circulates newsletters and special edition magazines to more than 1.6m recipients across various walks of life.

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Home Fitness Franchise Send Me A Trainer Expands Internationally to the UK after Rapid Growth in the US in 2020

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Send Me A Trainer announces today that it has awarded its first Franchise in the United Kingdom. Send Me A Trainer is the first in-home and live online personal training on-demand franchise that is redefining the fitness franchising industry.

During 2020, in its first year of franchising and during COVID-19, Send Me A Trainer quickly expanded and witnessed a huge increase in demand for its franchise model. In total, 10 territories were awarded across the United States with dozens of applications still under review. It also awarded its first franchise in the United Kingdom and has received multiple requests for Master Franchise opportunities in other countries. Send Me A Trainer was also featured on the cover of Entrepreneur Magazine, listed in the top 100 Fitness Franchises by Franchise Connect Magazine, and featured in Authority Magazine as disruptors in the fitness industry.

“The data around the huge boom in home fitness is staggering,” says Muhssin El-Yacoubi, Co-Founder of Send Me A Trainer. “Industry experts indicate that the Total Addressable Market of the home fitness industry has increased by $10 Billion annually due to COVID-19 driving consumers away from fitness clubs. Also, monthly Google search volume for “at home fitness” is up over 3x compared to pre pandemic levels. This is causing a huge demand increase for Send Me A Trainer and home fitness solutions that offer the convenience of working out from home.”

“Home fitness was already popular in recent years and COVID-19 has only accelerated this trend and it is here to stay,” says Bary El-Yacoubi, Co-Founder of Send Me A Trainer. “Our clients have the option to train one-on-one in-person, or live online face-to-face from the convenience and safety of their homes. In-home personal training is available in markets where we have a franchise partner and live online personal training is available nationwide in the US and will be available in the UK soon. Demand for live online one-on-one personal training has skyrocketed and this has allowed us to scale up faster and serve clients nationwide.”

“Consumers are also increasingly looking for more accountability and customization in their workouts and the market is rapidly shifting in this direction,” says Bary El-Yacoubi, Co-Founder of Send Me A Trainer. “Send Me A Trainer provides its clients with a high level of customized programs and accountability beyond what is possible by connected exercise equipment and video streaming services. Think about all those people that used to hire a personal trainer at the gym that are looking for customized programs and the personal accountability of a trainer. Where are they going? That’s where we fit in.”

Now those looking to take part in the booming home fitness industry can do so by opening a Send Me A Trainer franchise, a leading brand that has over a decade of experience in the in-home personal training industry with proprietary technology. 

“Our franchises are attracted to our technology driven, home based business model with low overhead and no physical location required,” says Muhssin El-Yacoubi, Co-Founder of Send Me A Trainer. “The modern business owner can now own a technology enabled on-demand business as a franchise. Our technology automates operations of the business, so franchise owners don’t get caught up in tedious things like payroll. It’s changing the entire concept of business ownership in the franchise world.”

We are thrilled to be expanding Send Me A Trainer into the United Kingdom with our Master Franchise Partners and making this convenient and timely service available in the UK. Our first franchise is in Glasgow and is expected to launch in a few months.

Send Me A Trainer is also currently expanding internationally through Master Franchise partnerships. Master Franchisees award and oversee Send Me A Trainer franchises in their country. In the current environment with high unemployment, many people look to franchising to start their own business as an attractive career move. The same trend occurred after the financial crisis in 2008 where the industry witnessed a spike in new franchises opening. Given the sensitivity today around brick-and-mortar business, those looking to start a franchise now are primarily interested in home-based businesses with lean overhead models. This means that about 75% of all franchise concepts (that are brick-and-mortar), are essentially not relevant and all the attention is on the remaining 25%, which Send Me A Trainer is part of. Becoming a Send Me A Trainer Master Franchise partner offers an opportunity to participate in the boom in home fitness at scale.  

To learn more about Franchise and Master Franchise opportunities with Send Me A Trainer and to apply, visit: https://www.sendmeatrainer.com/franchise/

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