The industry includes the entities engaged in manufacturing different types of athletic and manufacturing goods, excluding footwear and clothes (Government of Canada). Thus, the breadth of the entities related to sports manufacturing provides multiple economic and labor market opportunities.
The scope of the chosen industrys importance in Canada includes its contribution to different realms of business. More specifically, the sports gear sphere rapidly grows and increases the rates of shipments and exporting. According to the data presented on the official website of Government of Canada, the total exports and apparent domestic market increased at average annual rates of 5.8% and 8.3% respectively (para. 5). The rise in shipment is caused by the high demand both in domestic and export markets.
Overall, the trends in the industry are marked by the preferences of the customers, which vary from exercise, fitness, and hockey equipment to fishing, camping, shooting, pools, and other typ
es of gear (Government of Canada). Such an array of products manufactured by a single industry contributes to its prospective development and the increase in diverse employment positions. The two companies that occupy a predominantly leading place in the sphere are Nike and Adidas.
Competitive Environment Scan
In order to analyze the issues related to human resource planning within the industry, it is necessary to review the business environment in which the entities operate. More specifically, one should define some crucial factors that contribute to the trends in the sphere. As for the sporting goods manufacturing industry, the most influential factors that define the direction of the businesses within it include cultural, socio-economic, and labor market. The analysis of the articles covering the issues related to the business environment in the designated sphere demonstrates that this industry is highly competitive and is continuously growing depending on the trends in society.