Modern Distribution Management's monthly Industrial Inflation Index measures a cross-section of industrial supplies.
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MDM Industrial Inflation Index: April 2020 Read More »
Wholesale revenues, inventories and ratios from March 2020.
Monthly Wholesale Trade Data: March 2020 Read More »
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Download this Issue as a PDF: May 25, 2020 Read More »
Today's environment may be full of factors outside of our control, but distributors also have an opportunity to re-examine long entrenched practices and explore new, more efficient ways of doing business.
Build Your Business in Any Climate Read More »
Blindly following a competitors lead or treating every customer the same are two common mistakes that distributors cant afford to make in todays environment. Consultant Robert Sabath explains how these and other common actions can hold you back.
Today’s Litmus Test for Distributors Read More »
The index shows eight weeks of double-digit average declines and five consecutive weeks with declines in the mid-teens.
IRCG Weekly Pandemic Revenue Index Shows a 14.9% Decline Read More »
Tracking industry and customer data can provide distributors with a window into future planning as the market continues to shift during the coronavirus crisis. Channel Marketing Groups David Gordon suggests elements to consider, ranging from pricing pressures to the availability of talent.
Opportunities and Challenges in a Shifting Distribution Market Read More »
Profit for the year was $126 million, compared to $105 million in 2019.
RBC Bearings Sales Up 3.6% in Fiscal 2020 Read More »
Caldwell Hart will be responsible for strategic procurement, operational purchasing and related services, reporting directly to Jayne Millard, chairman and co-CEO, and Kathleen Shanahan, co-CEO of the electrical and industrial distributor.
Turtle & Hughes Names Senior Vice President of Supply Chain Read More »
Products, features and benefits. How are we doing (or not doing) on monthly goals set up with Supplier A or Supplier B? These are the day-to-day conversations that, while particularly urgent in the current uncharted pandemic-infested waters, can get in the way of deeper strategic conversations about how to create more value for customers. In this third podcast of our three-part series on innovation, Dorn Groups J Schneider maps how to rethink your business model to build a more customer-centric and innovative organization.
New Podcast: How Innovation Can Help Distributors Map New Growth Strategies Read More »
In a recent virtual conversation with a few hundred Texas A&M Industrial Distribution students, the next generation had a lot to say about what changes they see in B2B distribution after the full impact of COVID-19 becomes clear. The future of distribution is moving faster than any of us thought possible, and its looking brighter with the talent coming online.
Texas A&M Distribution Students Visualize Industry’s Digital Future Read More »
The addition of Seger and Anderson-Helbling strengthens and broadens the breadth of talent and experience.
Border States Electric Elects Two New Board Members Read More »
David J. Wilson was most recently president of the Pumps Division of Flowserve Corporation, a provider of flow control products and services for the global infrastructure markets.
Columbus McKinnon Names President, CEO Read More »
Revenue declines may be stabilizing.
IRCG Weekly Pandemic Revenue Index Shows a 14.8% Decline Read More »
For employees who are traditionally customer-service oriented, making cold calls requires a different skill set. Eric Chernik, CEO of Building Controls & Solutions, is providing training and tools for all employees, such as customer call lists with outbound call scripts, to grow business during the coronavirus slowdown.
Building Controls & Solutions Uses COVID-19 Distancing to Strengthen Employee Skills Read More »
The company withdrew its full-year 2020 outlook on April 28, 2020, due to the uncertain impact of the COVID-19 pandemic and committed to provide monthly updates until it is better able to forecast future performance.
3M’s April Sales Down 11% Read More »
COVID-19 has sped up the digital evolution of the sales department. MDMs John Gunderson explains how to keep your sales people selling with the effective tactics they have picked up during coronavirus distancing, put an end to ineffective practices of the past, and use data to take share from competitors even in a down market.
Support Your Customers: Don’t Stop Selling Because of Coronavirus, Part 2 Read More »
Combined net sales for the fiscal months of March and April (the first two months of the Company's fiscal third quarter) were $565.4 million, a decrease of 7.8% compared to the same period in the prior fiscal year.
MSC’s Sales Down 10.5% in April Read More »
There is an escalating response to the economic impact of the coronavirus among distributors, increasing furloughs and hiring freezes, management consulting firm Alexander Group finds. However, forward-looking distributors are also putting plans into place to convert competitors customers and grow digitally.
Managing Sales through COVID-19: Immediate Actions and Long-Term Tactics Read More »
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