Strandquist promoted from his role as president of the Americas, succeeding newly elected Optimas board chair and AIP operating partner TJ Rosengarth.
Eric Smith
Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. Reach him at eric@mdm.com or 720-207-0335.
Posts By Eric Smith
American Supply Association said Monday that its member distributors reported an average sales growth of 2.5% and a median sales growth of 4.1% for the third quarter.
The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments and inventories for August was down 0.4% from the same month last year.
According to the Industrial Production and Capacity Utilization Report, manufacturing output decreased 0.3% during the month; industrial production was still 6.4% below its pre-pandemic February level.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Oct. 5 to Oct. 9 indicated a 0.4% decrease compared with the same week a year ago, continuing the pattern of relatively flat conditions that began in August.
Analytics tools not only help distributors become more agile, but in this time of increasingly complex supply chains, they can also alleviate stock-outs — and ease customers’ minds. But don’t forget the key components of building this capability.
Despite just 2.5% sales growth in the third quarter, Fastenal is poised to take market share in industrial distribution, according to one analyst. See what the distributor has working in its favor.
September sales increased 7.3% over the same month a year ago as the company's safety and PPE sales continued to bolster company during pandemic, although they moderated.
Des Spillings, managing director for Acorn Industrial Services Ltd. UK, recently began his stint as 2020/21 president of EPTDA. MDM checked in with Spillings about the association’s plans for next year and how distributors are faring on the other side of the pond.
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Wholesale trade showed moderate improvement in August, according to the latest report from the U.S. Census Bureau.
Where did distributor revenues land in the third quarter? What’s the outlook for 4Q and beyond? We answer those questions and more in this preview of the latest MDM-Baird Distribution Survey — and the results might surprise you.
Endries International Inc., Brillion, Wisconsin, on Thursday announced the acquisition of fellow Wisconsin fasteners distributor K&L Sales Inc. Financial terms of the deal weren’t disclosed.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Sept. 28 to Oct. 2 indicated a 4.8% increase compared with the same week a year ago.
NetPlus Alliance, the Lockport, New York-based North American industrial and contractor supplies buying group, said Thursday it has restructured the NetPlus team and named several staff promotions.
Addition of Raleigh location brings Coastal Construction’s total footprint to 16 branches that serve the Southeast and Caribbean.
Safety products manufacturer taps former president of SureWerx USA to lead global operations.
Applied Industrial Technology's latest addition will help expand the company’s automation offering as well as its geographic reach in the Southeast U.S.
John Caplan, the president of North America and Europe for Alibaba.com., says that digital trade shows are one virtual event that could be here to stay even when we’ve moved past the COVID-19 crisis.
Year-to-date, the goods and services deficit increased $22.6 billion, or 5.7%, from the same period in 2019.
The seasonally adjusted Fastener Distributor Index (FDI) for September was 52, up from 49.2 in August.
