Exclusive Insider Insights: Quebec Business News & Trends to Watch in 2021
The business world in Quebec has been steadily growing and evolving over the years, and 2021 is no exception. This year promises to be a fascinating one, with notable business trends and news expected to dominate the landscape. In this article, we will take a closer look at some of the prominent insights in the Quebec market to watch out for in 2021.
The Rise of E-commerce
One of the most significant business trends in Quebec is the rise of e-commerce. With the COVID-19 pandemic and lockdowns, more consumers have turned to online shopping, and businesses are taking notice. Many retailers and store owners have had to adapt to the changing landscape, creating or improving their online stores to meet the growing demand. As a result, there has been a boom in the e-commerce sector, with more businesses investing in online shopping experiences.
The Growth of Renewable Energy
Another trend to watch in Quebec in 2021 is the growth of renewable energy. Quebec has long been an advocate of renewable energy, with hydropower being the primary source of electricity in the province. In 2021, the province is set to make further investments in this area. With the release of their new energy policy, Quebec plans to reduce greenhouse gas emissions to net-zero by 2050. This ambitious target will require significant investments to expand existing hydropower facilities, as well as to explore new forms of renewable energy, such as wind and solar power.
Changes in the Cannabis Market
The cannabis industry is another area where significant changes are expected in Quebec. Since Canada legalized recreational cannabis in 2018, the Quebec government has been cautious about rolling out a legal market. However, the government has recently eased restrictions on retail sales and announced that it will be accepting new applications for dispensaries. With a new wave of entrepreneurs looking to get involved in the industry, the cannabis market in Quebec is set to grow in 2021.
Increasing Diversity in Business Ownership
Finally, another trend to watch in 2021 is the increasing diversity in business ownership. Quebec has always been a province of immigrants, and this has become more evident in recent years as more immigrants are starting their businesses. Immigrant-owned businesses are on the rise, and Quebec’s business landscape is set to become increasingly diverse in 2021. This trend is not only exciting from a cultural standpoint but also from a business perspective, as it brings fresh ideas and innovation to the provincial economy.
Conclusion
In conclusion, 2021 promises to be a year of growth, change, and new trends in Quebec’s business landscape. With the rise of e-commerce, increasing investments in renewable energy, changes in the cannabis market, and increasing diversity in business ownership, there are plenty of exciting developments to watch out for. Businesses that stay up to date with these trends and take advantage of the opportunities presented can look forward to a successful year ahead.
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