Packer Fastener Adds Branch in Western Wisconsin
Fastener distributor Packer Fastener is opening a new location in La Crosse, Wisconsin, to serve customers.
Packer Fastener Adds Branch in Western Wisconsin Read More »
July 2023
AD Member Sales Up 5% in 2023 First Half to Record Figure
Member sales in the first six months of 2023 reached a new record of $37.8 billion across 14 divisions and three countries.
AD Member Sales Up 5% in 2023 First Half to Record Figure Read More »
Chinese Manufacturing Contracts for 4th Straight Month in July
The official manufacturing purchasing managers’ index (PMI) was 49.3 in July, data from the National Bureau of Statistics showed.
Chinese Manufacturing Contracts for 4th Straight Month in July Read More »
Embattled Truck Carrier Yellow Ceases Operations
After years of financial trouble and recent labor disrupts, North America’s third largest truck carrier is filing for bankruptcy.
Embattled Truck Carrier Yellow Ceases Operations Read More »
Building Distributor Conversations About the Future
With a little understanding and lots of teamwork, distributors can start discussions that will lead to a brighter tomorrow for the supply chain and beyond. Mark Dancer explains how.
Building Distributor Conversations About the Future Read More »
July M&A Recap: Pace of Deals Cools as Summer Heats Up
After a rollercoaster first half to start 2023, mergers and acquisitions seem to have leveled off to begin the second half.
July M&A Recap: Pace of Deals Cools as Summer Heats Up Read More »
Standex Acquires Magnetics Maker Minntronix
Standex said it expects the acquisition to be accretive to its earnings and to achieve a double-digit return on invested capital.
Standex Acquires Magnetics Maker Minntronix Read More »
QuickTake: Distribution Business Model Transformation
Having discussed the shift from a gen-one to gen-two distributor, Mike Marks and Tom Gale explore the industry’s larger business model transformation, and where competitive advantage is being won and lost.
QuickTake: Distribution Business Model Transformation Read More »
Rexel’s 2Q North American Sales Growth Slows to 4.4%
The company’s 2023 second quarter included one new acquisition and the naming of a new Chief Strategy Officer.
Rexel’s 2Q North American Sales Growth Slows to 4.4% Read More »
U.S. Consumer Confidence Index at Highest Mark in 2 Years
The Conference Board Consumer Confidence Index rose again in July to 117.0, up from 110.1 in June and to the highest level since July 2021.
U.S. Consumer Confidence Index at Highest Mark in 2 Years Read More »
CNC Supplier Bracalente Acquires Millennium Manufacturing
Millennium Manufacturing will help Bracalente bolster its specialized CNC milling, turning and multi-spindle manufacturing capabilities.
CNC Supplier Bracalente Acquires Millennium Manufacturing Read More »
Tompkins Solutions Appoints VP of Sales
Raleigh, North Carolina-based supply chain consulting firm Tompkins Solutions added Dan Bryan to drive sales growth.
Tompkins Solutions Appoints VP of Sales Read More »
Air Liquide Sees 4.6% Growth in 2Q Americas Revenue
That geographic segment includes gases and welding products distributor Airgas, which was No. 5 on MDM’s Top Industrial Distributors List.
Air Liquide Sees 4.6% Growth in 2Q Americas Revenue Read More »
Analysis: What Can Manufacturers Do to Reduce Distributor-Supplier Friction?
In the latest Baird-MDM quarterly industrial distribution survey, we asked how manufacturers could make partnerships more efficient. See our analysis and plenty of respondent commentary.
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Analysis: What Can Manufacturers Do to Reduce Distributor-Supplier Friction? Read More »
Honeywell Raises Outlook After 2Q Margins Expand
Year-over-year sales growth slowed to 2% in the second quarter, but operating margin increased to 20.6%, according to an earnings report.
Honeywell Raises Outlook After 2Q Margins Expand Read More »
Advance: June Durable Goods Orders Jump 4.7% from May
It was the fourth consecutive monthly increase, and more than twice the increase of May.
Advance: June Durable Goods Orders Jump 4.7% from May Read More »
Pipe Maker Romac Adds Mfg & Distribution Hub Near Phoenix
Romac Industries’ President said the expansion aligns with the company’s commitment to domestic manufacturing.
Pipe Maker Romac Adds Mfg & Distribution Hub Near Phoenix Read More »
Grainger Names Former Intel CFO to Board of Directors
George Davis was Intel’s EVP and CFO for about three years from 2019 to 2022.
Grainger Names Former Intel CFO to Board of Directors Read More »
Advance Estimate: U.S. GDP Increased 2.4% in 2Q
Amid cooling inflation, that figure is an acceleration from 1Q’s 2.0% growth.
Advance Estimate: U.S. GDP Increased 2.4% in 2Q Read More »
Grainger Raises Outlook After Strong 2Q Sales & Margins
The industrial distribution giant’s results seemed to outperform the rest of the sector, with a sequential revenue growth slowdown more subdued than what others have reported in this earnings cycle.
Grainger Raises Outlook After Strong 2Q Sales & Margins Read More »
