The electrical product distributor also adds 30 new employees.
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Elizabeth Galentine
Elizabeth Galentine is editor in chief of Modern Distribution Management. Prior to joining MDM in 2018 as Editor, Elizabeth Galentine ran her own content services agency and led the editorial team for a national employee benefits media company for nearly 10 years.
Posts By Elizabeth Galentine
With a nod to customer-pleasing practices implemented by leading B2C e-commerce companies, the Pennsylvania-based distributor is committed to continually improving the WebstaurantStore customers online experience through internal technology investments led by a strong talent recruitment strategy.
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Deal will go into effect immediately.
The new business department will meet growing industry demand.
The acquisition is not expected to impact the company’s fiscal 2019 consolidated financial performance.
Parent company Advantage Business Marketing ceases operations.
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The mechanical insulation distributor is buying the metal building insulation laminator and distributor from Knauf Insulation
10 companies at the forefront of e-commerce and technology innovation.
About seven years ago, Hisco, a leading specialty distributor based in Houston, set out to better understand the companys profit drivers through a data-based analysis. Developing a successful system has taken years of cultural change and realigning team members thought processes around what makes a profitable customer, but the real driver, says President & CEO Bob Dill, continues to be turning the data used to anchor the initiative into real action. Hiscos relentless pursuit of actionable data makes the nearly 50-year-old employee-owned institution one of MDMs 2019 Digital Innovator Award winners.
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Cutting off underperforming customers can cause a lot of trouble for distributors.
In the world of digital, many distributors dont know where to start. Thats the consensus among several speakers at MDMs upcoming 2019 Digital Distributor Summit. Over the course of June 18-20, nearly a dozen distribution veterans will provide attendees with specific knowledge on how to figure out where their company stands now with digital technology application, develop the most essential foundational components for a successful program and find the right strategy to shape their future.
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ISMs CPSM certification prep course syncs across platforms to help modern learners keep up with increasing marketplace talent demands.
Distributors tend to respond to the threat of an economic downturn with ineffective across the board cuts.
January is typically not a big sales month for Earnest Machine, a 72-year-old fastener distribution company out of Cleveland. But this January was not typical. The company was up 29% at the start of 2019, said CEO Kirk Zehnder. Speaking last month at MDMs Sale GPS Conference, Zehnder explained the radical shift in Earnests sales department structure that he credits for the boost.
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Distributors can utilize data and open architecture to effectively automate and advise business practices.
Theres a lot of talk about whether or not the U.S. is looking at an economic recession in the near future and the impact a market downturn could have on distributors profitability in the process. But the truth is, distributors should be examining their pricing strategy no matter how well or poorly the economy is performing, says Al Bates, principal at Distribution Performance Project. Whether its a good market or a bad market, youve got to get control of your pricing, he says.
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Bring the right people on board with a focus on emotional intelligence, says SalesLeaderships Colleen Stanley.
While new products and technology designed to assist and enhance the wholesale distribution industry have continued to evolve in the last couple of years, wholesalers report their top challenges remain the same. The short-term problem they most expect to face in 2019 is the increasing volatility of demand due to new competition, new customers and digital e-commerce (79 percent), according to supply chain solution company Blue Ridge.
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Industry leaders shared their recruiting and placement strategies at MDMs Sales GPS 2019.
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