NetPlus Alliance members are optimistic about full-year sales for 2024, and anticipate further growth in 2025, according to the industrial distribution buying group’s latest Industry Outlook report.
The report was based on a survey of NetPlus members conducted in October and was based on third quarter results. The resulting report tracks business results and trends in the industrial and contractor supply markets.
Approximately two-thirds of report respondents forecast sales growth in 2024. Looking ahead to 2025, members expect sales to surpass those of 2024, driven by factors such as election outcomes, branch expansion and a rise in consumer activity.
“The true strength of NetPlus lies in its members,” NetPlus Alliance President and CEO Jennifer Murphy said in a Dec. 19 news release. “I am incredibly proud of their vision, resilience and unwavering commitment to growth. Many have been actively investing in their teams and operations to ensure a successful year ahead.”
In its latest quarterly survey, NetPlus Alliance reported a 10% increase in distributors’ purchases from NetPlus suppliers.
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