MDM News Digest 4006
News briefs from March 11-25, 2010.
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March 2010
Book Excerpt: The Trouble with ‘Best Practices’
The authors of Value Creation Strategies for Wholesaler-Distributors implore distributors to define strategy in terms of closing gaps with the market rather than operational weaknesses. Tactically driven initiatives may meet intermediate goals, but they often produce unsatisfactory business outcomes.
This is an excerpt from Value Creation Strategies for Wholesaler-Distributors reprinted with permission from the NAW Institute for Distribution Excellence. Order the book at www.naw.org/valuecreationstrateg.
Strictly speaking, best practices are business operations that are statistically correlated with superior financial performance. The study of best practices is now widespread and has contributed to significant productivity improvements by wholesaler-distributors across all lines of trade. The most comprehensive review of distribution …
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Download this Issue: MDM March 25, 2010
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3M Signs Agreements to Develop Products for Renewable Electricity
The agreements with the National Renewable Energy Laboratory last for at least one year.
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Good Signs on the Economic Front
Actuant and other industrial companies see hope for growth by end of 2010.
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CEOs Showing More Optimism
PricewaterhouseCoopers survey highlights renewed confidence in economy.
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Chicago Fed National Activity Index Declines in February
Declines in economic activity were led by continued declines in the consumption and housing category.
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Wolseley’s Recovery Strategy
Under new CEO Ian Meakins, distributor divides business units into three categories.
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DXP Records $50.5M Loss in 4Q
CEO: Fourth quarter results were heavily impacted by one-time charges associated with economic recession, Precision integration.
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Wolseley Sales Fall 15.1% in First Half 2010
Largest decline for Wolseley seen in Ferguson subsidiary.
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Berkshire Hathaway Agrees to Buy Beer, Liquor Distributor
Kahn Ventures’ subsidiaries will continue to operate at existing locations with the same management teams.
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Former Ferguson CEO Joins HD Supply Senior Leadership
John Stegeman will join HD Supply as executive president, effective April 12.
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Europe New Orders: January 2010
January 2010 data from Eurostat on New Orders
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Europe Industrial Price Indexes: January 2010
January 2010 data from Eurostat on Industrial Price Indexes
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Report: Manufacturing Sector Recovery Stronger than General Economy
Manufacturing industrial production grew at nearly a 6% annual rate in the fourth quarter of 2009.
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Conference Board Economic Indicators Point to ‘Slow Recovery This Summer’
All three of The Conference Board’s economic indicators posted gains in February.
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Chicago Fed Midwest Manufacturing Index Increases
All four sectors in the report saw improvement in January.
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Europe Construction Output: January 2010
January 2010 data from Eurostat on Construction Output
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Europe Industrial Production: January 2010
January 2010 data from Eurostat on Industrial Production
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Mayer Electric Opens New Location in Alabama
Location is Mayer Electric’s 51st in the Southeast.
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