From the Editor: Spring 2012
Welcome to the future
By Stefanie Wallace
In a constantly changing industry, it’s no secret that keeping up with
the latest trends and staying one step ahead of the game is a daunting –
but important – task.
In a constantly changing industry, it’s no secret that keeping up with the latest trends and staying one step ahead of the game is a daunting – but important – task. As this issue of Canadian Vending came together, two themes emerged: challenge and innovation. These terms go hand in hand.
Along with our annual buyers guide, you’ll find information in these pages about a new kind of change – literally. Canada’s innovative new polymer bank notes and coins present the possibility of eliminating counterfeit. The challenge, of course, is adapting technology and equipment to accommodate them. With some of Canada’s new polymer bank notes already in circulation, and the other denominations scheduled to be released within the next 12 months, we’ve got all of the details about the new money to keep you up to speed.
The State of the Vending Industry Report from Automatic Merchandiser states that innovation through new products and technology will be crucial to future growth in the industry. In our cover story on page 10, Julie Fitz-Gerald reviews the report and explains what vending operators must do to keep up with the trends.
We spoke with two operators who are already pros when it comes to adapting to trends and moving forward into success. In speaking with Lorna Garratt, of Kane’s Distributing in St. Catharines, Ont., and Darren Nickle, of Can-West Vending Distributors in Edmonton, we learned that, far from sapping their spirit, challenge only led to innovation in their respective companies. In different parts of the country, these two businesses have been in similar predicaments: a rough economy combined with an evolving industry has compelled them to branch out and look for new ways to succeed – a situation you likely will experience if you haven’t already. One thing Nickle made clear was his admiration for the enthusiasm of new faces that are entering the vending industry. The deluge of new ideas and creative thinking that will ultimately come from this young blood should inspire you – whether you are a rookie or a veteran – to attack any challenges that lie ahead.
The vending industry has seen its share of both challenge and innovation in recent months. Between new money, advanced technology and new products, we can’t avoid what’s happening. But we can use these tools to prepare ourselves for the challenges we face and educate ourselves about innovative concepts. We hope you’ll find hints of fresh ideas, new technology, sales tactics and industry trends throughout this magazine, and we hope you’ll walk away with a positive outlook for the future.