The 11.4% decline is the third in a row after a rare uptick in late May, according to the latest PRI from Indian River Consulting Group.
IRCG’s Weekly Pandemic Revenue Index Continues to Slide Read More »
Meridian Adhesives Group, Dalton, Georgia, on Thursday announced the acquisition of E-Chem, Albuquerque, New Mexico.
Meridian Adhesives Group Acquires E-Chem Read More »
Construction spending during May 2020 was estimated at a seasonally adjusted annual rate of $1,356.4 billion, up 0.3% from the May 2019 estimate of $1,352.9 billion, according to new data from the U.S. Census Bureau. The May figure is 2.1% below the revised April estimate of $1,386.1 billion. During the first five months of this
May Construction Spending Up 0.3% Year-Over-Year Read More »
More distributors are taking a rapid and growing interest in sales transformation and rethinking how they enable their sales teams to perform.
The Good, Bad and Ugly of Distribution Sales Transformation Read More »
The ODP Corp. (NASDAQ: ODP), Boca Raton, Florida announced Wednesday that it has completed its previously announced holding company reorganization to create a newly formed public company and implement a 1-for-10 reverse stock split effective June 30, 2020. The ODP Corp. replaces Office Depot Inc. as the public company trading on Nasdaq under the ticker
The ODP Corp. Announces Completion of Office Depot Reorganization Read More »
The Industrial Supply Association on Wednesday announced its new board of directors, effective July 1. ISA’s board of directors is a group of volunteer leaders dedicated to anticipating and serving the needs of ISA’s member companies (distributors, manufacturers and independent manufacturer representatives). Directors contribute knowledge, time and experience and are responsible for the development of
ISA Announces 2020/21 Board of Directors Read More »
RBC Bearings Inc. (Nasdaq: ROLL), Oxford, Connecticut, an international manufacturer of bearings and components for the industrial, aerospace and defense industries, on Wednesday announced the nomination of Dolores J. Ennico to the board of directors. Chairman and CEO Dr. Michael J. Hartnett said, “We are very excited to nominate Ms. Ennico to our Board of Directors. Dolores brings over three decades of
RBC Bearings Nominates Dolores Ennico to Board of Directors Read More »
Swiss electrical manufacturer sold 80.1 percent of its Power Grids business to Hitachi in a deal valued at $7.6 billion to $7.8 billion.
ABB Completes Divestment of Power Grids to Hitachi Read More »
The June PMI registered 52.6%, an increase of 9.5% from the May reading — and the second consecutive month of expansion.
Manufacturing Sector Expanded in June Read More »
Supply Source Enterprises, Cleveland, Ohio, parent company of The Safety Zone and Impact Products and now a platform of private equity firm H.I.G. Capital, on Tuesday announced that it named Steve Schultz as president and CEO of SSE and a member of the company’s board of directors. Schultz, pictured right, is an experienced B2B manufacturing
H.I.G. Capital Names President of Newly Acquired SSE Read More »
Genuine Parts Co. (NYSE: GPC), Atlanta, Georgia, announced Tuesday that it has completed the sale of its S.P. Richards operations through two separate transactions. Genuine Parts sold S.P. Richards’ core U.S. operations to an investor group and it sold S.P. Richards’ Supply Source Enterprises business operations — The Safety Zone and Impact Products — to
Genuine Parts Co. Sells S.P. Richards Co. Read More »
Why leading distributors like Valin Corporation are putting human resources front and center.
The Strategic Role of HR in a Pandemic Recruiting Environment Read More »
To create a margin-friendly customer service model, examine your firm’s capabilities and responsiveness.
The Capability Tool Kit for Distributors to Define and Differentiate Service Levels Read More »
The average annual sales growth for the 12 months through May 2020 is 0.4%.
HARDI Distributors Report 10.2% Revenue Decline in May Read More »
WESCO International Inc.’s $4.5 billion acquisition of Anixter International Inc. will have repercussions across all distribution channels — not just electrical — according to the panel on last week’s MDM Live.
Beyond Electrical: WESCO-Anixter Deal Will Resonate Across All Channels Read More »
New orders for manufactured durable goods in May increased $26.6 billion or 15.8% to $194.4 billion, according to the U.S. Census Bureau. This increase in durable goods orders, up following two consecutive monthly decreases, followed an 18.1% April decrease. Excluding transportation, new orders increased 4%. Excluding defense, new orders increased 15.5%. Transportation equipment, also up
Advance Report: New Orders for Durable Goods Grew 15.8% in May Read More »
TTI Inc., Fort Worth, Texas, a distributor of electronic components, on Friday announced industry veteran John Drabik will join the company as vice president in early July of this year. Drabik, pictured right, has held senior leadership positions across the industry and most recently held the position of president, Americas Components, Arrow Electronics. Drabik will
TTI Appoints John Drabik to Vice President Read More »
Real gross domestic product (GDP) decreased at an annual rate of 5 percent in the first quarter of 2020, according to the “third” estimate released Thursday by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent. The GDP estimate released Thursday was based on more complete source data than were available
First-Quarter U.S. GDP Down 5% According to Third Estimate Read More »
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of June 15-19 indicated an 5.7% decrease compared with the same week a year ago. Source: IRCG.com The index is still showing sales volatility among the distributors participating in the index, though the decline moderated from the previous week. “It appears
IRCG’s Weekly Pandemic Revenue Index Declines Again Read More »
ZSi-Foster Inc., an Ideal Tridon company, announced Thursday that it has completed the acquisition of Hydra-Zorb Co. Financial terms of the deal were not disclosed. Headquartered in Auburn Hills, Michigan, and founded in 1972, Hydra-Zorb makes pipe, hose and tube clamping for the hydraulic, HVAC, plumbing and refrigeration markets. “The Hydra-Zorb organization is excited to
ZSi-Foster Completes Acquisition of Hydra-Zorb Read More »
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