Boating Business May 2022

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boatingbusiness.com

MAY 2022

Person Behind the Face 6 | Business Matters 10 | Marketing 16 | Profile 24 | People 26

SUSTAINABILITY IS KEY AT CRICK More than 250 exhibitors are expected to head to Crick Marina for Britain’s biggest inland waterway event, the Crick Boat Show showing the latest products and innovation in the sector. The event, which will take place over the Queen’s Platinum Jubilee Weekend, 3-5 June, is organised by Waterways World in association with the Canal & River Trust and Crick Marina. More than 26,000 visitors are expected to attend the show, which this year has sustainability as a key factor. “With environmental concerns increasingly on the minds of consumers, sustainability is a key area of innovation for the inland waterways sector,” said Matthew Symonds, National Boating Manager for the Canal & River Trust, explains. “Each year, more boaters visit the Canal & River Trust Marquee at Crick Boat Show asking about ways to make boating more sustainable. “Their concerns range from the damaging effect on wildlife of plastic pollution in our waterways, to electric engine charging points and waste disposal.” And he explained how the Trust is working with a range of partners and projects to support the Government’s decarbonisation agenda and tackle the physical effects of climate change. These include water sourced heat pumps for heating and cooling canalside buildings and generating hydro-electric power on rivers.

Trade growth Expansion programme Heightened demand pages 1-9 8 Around 250 exhibitors are expected to attend Crick Boat Show 2022

He added: “The Government’s Clean Maritime Plan states that by 2025 there must be a plan in place to ensure that all vessels, including those on the inland waters, are able to meet the zero emissions target by 2050. “The Trust is committed to working towards a zero-carbon future for boating on our inland waterways, recognising that this needs to be a collaborative effort involving boaters, businesses, local authorities and the government.” Free boating seminars will take place at the show offering boaters advice on reducing their impact on the environment with green boating.

Brunswick Q1 2022 up 20% Brunswick Corporation has enjoyed a strong start to 2022 despite the continued impact of supply chain issues on business. First quarter highlights for the year show net sales of US$1,695.7 million, up 18.3% from the same period in 2021. Adjusted operating earnings are also up by 10.1% at US$267.5 million. “Our businesses had a strong start to 2022, as continued focus on operational efficiency and strengthening our supply chain enabled increased production levels,” said Brunswick chief executive, David Foulkes. “The pace of retail sales continues to be dominated by the twin supply-side challenges of exceptionally low field inventory levels and supply chain disruption. Global boat field inventory levels were 6% lower at the end of the first quarter 2022 than at the same time in 2021.

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“Wholesale sales and production growth continue to be constrained most notably by the supply impact of the recent China lockdowns and associated freight and transportation delays.” The Propulsion segment reported a 7% increase in sales due to continued strong global demand for all product categories whilst the Parts and Accessories segment reported a 34% increase in sales and an increase in operating earnings driven primarily by acquisitions completed in 2021. The Boat segment reported an 18% increase in sales owing to increased sales volumes to dealers with Freedom Boat Club, which is part of Business Acceleration, contributing approximately 3% of sales to the segment in the quarter. The company anticipates net sales of between US$6.8 billion and US$7.1 billion over the full year and continued progress towards its 2025 targets.

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Sustainability

Solar charge stations New approach Sustainable tech pages 12-17

Inland Waterways

Hydrogen power system Triple pump out Moorings management pages 19-23


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