Blog
1. Public sector will continue to move more of their operational model to a digital model - https://www.slideshare.net/paulyoungcga/fiscal-management-federal-state-and-local-government-the-united-states
2. SME issues - http://www.cornellpolicyreview.com/structural-policies-to-prevent-a-k-shaped-recovery-sme-digitization-and-financial-inclusion/
3. Top 6 emerging sectors - https://www.forbes.com/sites/forbesbusinesscouncil/2021/04/19/2021s-top-six-emerging-industries-to-invest-in/?sh=2f79dae56703
4. Mitigating the impact of climate change - https://www.investing.com/news/economy/climate-finance-targets-top-agenda-for-this-weeks-g7-meetings-2492162
5. Bull market for commodities - https://www.investing.com/analysis/commodity-bulls-riding-high-on-us-dollar-weakness-200576644
6. Automated Mining - https://www.nokia.com/networks/industries/mining/?did=D000000004QE&gclid=Cj0KCQjw-LOEBhDCARIsABrC0Tln0oBwiirsuvcYn1ZEtmLLomVc_jk53IVxm3doMBak5jIlE8LkhOQaAlrSEALw_wcB
7. Vertical farming - https://investorplace.com/2021/04/seven-vertical-farming-stocks-feeding-the-world/
8. Construction and robots - https://www.forbes.com/sites/ninawolpow/2021/04/15/robotics-startup-canvas-raises-24-million-to-revitalize-construction/?sh=2aaf41401fdd
9. Port automation - https://www.maritime-executive.com/article/watch-shanghais-automated-container-terminal
10. Robotics ships - https://www.wired.com/story/mayflower-autonomous-ships/
2. Paul Young - Bio
Email: Paul_Young_CGA@hotmail.com
CPA, CGA
Academia (PF1,
FA4, FN2, MU1.
and MS2)
SME – Risk
Management
SME – Close,
Consolidate
and Reporting
SME – Public
Policy
SME – Costing
and Profitability
Solutions
SME –
Emerging
Technology
SME – Business
Process
Change
SME – Financial
Solutions
SME –
Macro/Micro
Indicators
SME – Supply
Chain
Management
3. Agenda
• Employment
• What’s is Automation?
• Automation Market Size
• Automated Bricklayer – Perth, Australia
• Automated Mining
• eCommerce and Drones
• Warehouse Automation
• Driver-Less Logistics
• Construction
• Robotics – Post COVID19
• 3-D Housing
• 3-D Nuclear Power Plant
• Food Processing
• Government role / Automation
• Private and Public Sector / Automation
4. Introduction
• World economy is heading for unprecedented automation when it comes to how
goods are extracted, refined, manufactured, distributed and sold.
• Too many governments lack the ability to be agile when it come to how education and
skills development are both funded and programs are executed to meet the jobs of
today and tomorrow.
5. Job Recovery /
COVID
Source - http://www.ilo.org/global/about-
the-
ilo/newsroom/news/WCMS_771909/lang--
en/index.htm or
https://data.oecd.org/emp/employment-
rate.htm or
https://www.reuters.com/business/global-
economy-stage-vigorous-recovery-jobs-
growth-lag-2021-04-23/
7. GDP – Canada vs USA
Source - https://economics.bmo.com/en/publications/detail/5d512b38-d983-
47d7-b6e9-a343cbe5c8a7/
Source - https://economics.bmo.com/en/publications/detail/7e369473-72c6-
44b5-8f75-7f848fab76da/
Canada GDP by Industry
Retail sales is driving the growth. There are household debt issues that are not easing up.
Construction grew in February 2021 but likely will be challenged to grow in March 2021 due to Ontario lockdown.
https://www.slideshare.net/paulyoungcga/gdp-canada-industry-february-2021
8. What is Automation?
Source -
https://qz.com/1532006/automation-will-
change-every-job-but-only-25-are-on-
the-chopping-block/
21. 3-D Power
Plant
• “Oak Ridge National Laboratory are refining their
design of a 3D-printed nuclear reactor core, scaling up
the additive manufacturing process necessary to build it,
and developing methods to confirm the consistency and
reliability of its printed components. A rapidly built 3D
printed nuclear reactor could get nuclear energy
competitive again for power generation. A compact
nuclear reactor could be used for space propulsion and
space power. The lab aims to turn on the first-of-its-kind
reactor by 2023. TCR will be the 14th reactor built and
operated by ORNL.
• Source -
• https://www.nextbigfuture.com/2020/05/2023-for-
first-3d-printed-nuclear-reactor-core-by-ornl.html
•
• https://www.powermag.com/nuclear-reactor-with-3d-
printed-core-slated-for-operation-in-2023/
23. Robotic Evolution
In 2017, Canada launched the world’s first national AI strategy. Called the Pan-Canadian Artificial Intelligence Strategy and costing
$125 million, the strategy aims to strengthen Canada’s leadership in AI by funding institutes, universities, and hospitals to meet key
objectives.
In its 2020 list of future jobs, the World Economic Forum listed “robotics engineers” as No. 10, in close company with “AI and
machine learning specialists.” In Canada, I see huge potential for our robotics industry, with companies such as Clearpath Robotics,
OTTO Motors, Kinova, Robotiq and Titan Medical already world leaders in the design and manufacture.
of robots for purposes ranging from materials handling to surgery.
Beyond building robots, Canada’s most significant opportunities may lie in the increased adoption of robots into economically
important industry sectors, including mining, agriculture, manufacturing, and transportation.
And yet, Canada may be the only G7 country without a robotics strategy.
The robot revelation
• https://www.canadianmanufacturing.com/features/the-robot-revolution-is-here-how-its-changing-jobs-and-businesses-in-
canad/
Blog - Canada and the Robotic Era (Automation) - https://www.linkedin.com/pulse/blog-canada-robotic-automation-era-paul-
young/?published=t
24. Cobots
Frost & Sullivan’s recent analysis finds that the global industrial robotics market will reach revenues of US$38.3 billion in 2024 from US$22.2 billion
in 2020 at a CAGR of 12.2%. Although the industry was curtailed by the COVID-19 pandemic and uncertainty in the automotive business, rising
demand from other high-growth sectors is expected to propel it over the next five years. Pharmaceuticals will be the fastest-growing segment, with
a CAGR of 17.2% from 2019 to 2024, reaching US$3.33 million by the end of the forecasted period, followed by food & beverage (F&B) and
electrical and electronics, expanding at 15.8% and 15.1%, respectively.
“Collaborative robots (cobots) are experiencing rapid market growth thanks to their utility, ease of installation, and consistently decreasing price,
making them an affordable and viable solution for a wide range of applications. It will be the fastest-growing segment by 2024, recording a CAGR
of 32.8% (2019-2024) and reaching $1.78 million in global revenues. Advances in 5G and edge computing will be instrumental in equipping cobots
with improved flexibility and easier implementation.”
For further opportunities, market participants should explore these strategic recommendations:
• Embedded Vision and Machine Learning in Robotics: Embedded systems need to be lightweight, consume less energy, and be adaptable to be
retrofitted/integrated with any robotic system. Manufacturers need to integrate advanced supportive technologies such as 3D perception and
deep machine learning to enable new machine vision applications.
• Smart Robot Grippers for Safe Collaboration with Human Workers: Robots have become more collaborative with human workforces instead of
replacing them, as was the case before. Therefore, there is a need to design robot grippers that are more collaborative and safer. End-of-arm
tooling (EOAT) providers will need to develop robot prototypes with advanced sensors that can detect human workers’ presence and
movement.
• 5G and Edge AI for Robotic Independence and Flexibility of Real-time Applications: While 5G will provide benefits such as low latency and on-
the-go decision-making, edge-based AI will enable robots to carry out data processing on the machine without data traveling to and from the
cloud. There will be a huge demand for secure local data processing closer to the robot.
My Blog -Cobots lead the future of the global industrial robotics market - https://www.linkedin.com/pulse/blog-cobots-lead-future-global-
industrial-robotics-market-young/?published=t
26. Government and Private Sector
• RPA - https://www.prnewswire.com/news-releases/robotic-process-automation-
rpa-market-size-to-reach-usd-1930-million-by-2025--valuates-reports-
301078751.html
• Auditing and AI - https://www.corporatecomplianceinsights.com/auditing-
artificial-intelligence/
• Supply chain and risk analytics - https://www.industryweek.com/supply-
chain/planning-forecasting/article/21936367/supply-chain-risk-management
• AI and Financial Reporting - https://www.cpacanada.ca/en/business-and-
accounting-resources/other-general-business-topics/information-management-
and-technology/publications/ai-impact-on-accounting-and-finance
• AI and Financial Analytics - https://www.forbes.com/sites/louiscolumbus/2020/07/23/how-
ai-can-improve-financial-analytics/#6f23a1db29bd
29. Government role / Automation
• Education needs to become more agile
• Govt need to re-visits its R&D tax credits
• More emphasis on innovation centers, i.e. all colleges and universities
should become innovation hubs
• Government needs to look at ways to streamline regulations
• Urban planning
30. What’s next
• More focus on supply chain management - https://www.slideshare.net/paulyoungcga/how-best-to-reshore-supply-chains
• More focus on getting goods to market - https://www.slideshare.net/paulyoungcga/how-to-address-issues-facing-getting-goods-to-
market
• More focus on productivity - https://www.slideshare.net/paulyoungcga/automation-and-human-capital-management-human-
resources
• More focus on reforming government – https://www.slideshare.net/paulyoungcga/public-sector-how-to-reform-all-levels-of-
government , https://www.slideshare.net/paulyoungcga/does-the-world-need-a-wealth-tax or
https://www.slideshare.net/paulyoungcga/designing-social-programs-and-tax-fairness-policies
• More focus on policies in areas like housing, broadband, transportation and other areas -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-august-2020
• More balanced between the economy and the environment - https://www.slideshare.net/paulyoungcga/clean-technology-and-the-
green-economy-what-is-next
• More emphasis on R&D/innovation, i.e. innovation hubs - https://www.slideshare.net/paulyoungcga/technology-canada-and-the-world
and https://www.slideshare.net/paulyoungcga/how-best-to-support-business-startups
• Top technologies for 2020 - https://www.simplilearn.com/top-technology-trends-and-jobs-article
• Global Economy - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-february-2021
• Circular Economy - https://www.slideshare.net/paulyoungcga/how-to-better-support-the-circular-economy-january-2021
31. Training and Development
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel
free to review my
material on
https://www.udemy.com/
(search Paul Young CPA
CGA)
• These subjects address
how to fixed issues with
housing and/or systemic
issues related to
economy including
government policies