Challenges and opportunities in 2022
As the holiday season approaches, I’ve been thinking about a story I read last month about Bell Wire Products, a manufacturer in Florenceville-Bristol, NB.
In recent months, the company has been busier than ever because orders for their wire Christmas wreath forms have exploded. Not being able to source products from international suppliers, floral and décor wholesalers are buying local. Yet, while this sounds like a good news story for a small business, in reality Bell Wire has struggled to hire employees, limiting their ability to expand to meet the growing demand.
This story encapsulates several current issues facing SMEs right now: labour force woes and supply chain challenges. Other growing challenges include managing cash flow in the face of economic uncertainty, the ongoing uncertainty and concerns around Covid-19, and the growing demand and opportunities associated with reducing the environmental impact of businesses and their supply chains.
Businesses who embrace these challenges and find innovative solutions will be the ones that succeed. For example, companies can improve morale and productivity of existing employees – and attract new talent – by creating opportunities for workplace learning; and businesses who harness and leverage the growing interest in local purchasing will gain a competitive advantage.
At LearnSphere, we are continuously evaluating what tools SMEs need to survive and thrive, and developing solutions to help them through these evolving challenges. We are designing new programs and renewing proven ones to help businesses prosper in the face of these current challenges.
Our innovative approach and continual adaptation to new realities means that LearnSphere has fared comparatively well over the past year, resulting in some exciting new initiatives.
We are broadening our horizons, and in the new year we will be expanding farther across Canada than ever before! This comes with a renewal of our program supporting SMEs to successfully sell into complex supply chains.
We also continue to focus on contributing to the success of not-for-profit entities in the region. We are seeing great demand for governance and leadership training, and are now regularly applying this expertise to different verticals within the sector.
Finally, among both for-profit or not-for-profit organizations, needs exist around basic social, emotional, creative and innovation skills. LearnSphere is also here to help build those skills.
It’s very hard to believe we are coming to the end of a second pandemic year, and we are all facing some big challenges, but for those organizations that innovate and prioritize learning, opportunities are on the horizon.