Some distributors are updating their price segmentation schemes to ensure they reflect these evolving conditions by overlaying a COVID-19 demand category attribute to complement traditional segmentation schemes.
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Optimize search results, facilitate up-sells and cross-sells, promote items that need to turn quickly and elevate private-label products all ways distributors can use AI to transform websites from order-taking to order-making assets.
The company reported daily sales up 14.8% versus a year ago based on strength in safety.
ASA is part of a coalition asking Congress to act quickly to enact temporary COVID-19 liability protections.
The average annual sales growth for the 12 months through April 2020 is 1.3%.
Distribution giant selling European subsidiary to Dutch private equity firm Torqx Capital Partners for undisclosed amount.
The board of directors will begin a thorough and deliberate CEO selection process to replace Andrew Lane.
The April figure is 3.0% above the April 2019 estimate of $1,307.1 billion.
International coronavirus stay-at-home orders have accelerated the imperative for distributors to improve virtual sales tactics. MDMs most-read blogs of May continued to focus on COVID-19 and its long-term effects for the distribution industry, particularly the sales process.
DGI Supply has hired the Production Tool & Supply employees and will continue to operate under the PT&S brand for its customers in the Rockford area.
Machine Tool Supply is a distributor of cutting tools, abrasives, mold components, workholding products, MRO and safety supplies.
The 11.4% decline represents the smallest decline since mid-March.
The decrease in real GDP in the first quarter reflected negative contributions from PCE, private inventory investment, nonresidential fixed investment and exports that were partly offset by positive contributions from residential fixed investment, federal government spending and state and local government spending.
MDM strengthens research and industry analysis capability with seasoned business writers return. Smith returns to MDM after a two-year stint in the outdoor equipment business media, where he reported on industry M&A, trend analysis, competitive landscape and corporate profiles. He previously was part of MDMs research and content team for nearly four years.
When volume compresses, your contract pricing will be under pressure from your end customers. At the same time, you will have to react to many price changes from your manufacturer partners. MDMs John Gunderson says, if you dont have a tracking system built for your CSP/contract prices, it is time to get one in place.
Profit increased 40.2% to $59.7 million.
Derek Bufkin is currently vice president, head of sales USA West for Henkels General Manufacturing & Maintenance
