Some markets voiced robust 1Q demand while others saw things at least start to slow. Here’s what distribution execs had to say in the 1Q 2023 Baird-MDM Survey.
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Cutting tool consumption totaled $225.6M, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.
Salaries for U.S.-based supply chain professionals continue to rise, with median income reaching $98,570 in 2023, according to ASCM data.
In the 12-month period through April, the PPI increased 2.3%, following a 2.7% gain in March, the Bureau of Labor Statistics said.
The Consumer Price Index rose 0.4% in April, while the all-items index increased 4.9% over the last 12 months.
The Institute for Supply Management’s Spring Economic Forecast predicts revenue to increase and manufacturing to expand at slower pace.
Applico's Alex Moazed examines Europe's largest B2B marketplaces and how the market for them compares with those in the U.S.
March orders were up 16.5% over February 2023 orders and just under 2% below March 2022 orders, according to a new report.
Total inventories of merchant wholesalers were $918.5 billion, virtually unchanged from the revised February level.
Non-farm payrolls rose by 253,000 jobs last month, including 15,000 in the construction industry, according to ABC.
On a seasonally adjusted annualized basis, nonresidential spending totaled $997.1 billion for the month, according to ABC.
The central bank lifted rates by a quarter of a percentage point but indicated it may pause further increases.
The construction industry had 341,000 job openings in March, according to an Associated Builders and Contractors analysis of federal data.
The Institute for Supply Management’s monthly Purchasing Managers Index (PMI) remained in contraction territory for a sixth straight month in April.
GDP growth decelerated in 1Q due to a downturn in private inventory investment and a slowdown in nonresidential fixed investment, according to the Bureau of Economic Analysis.
Distribution executives commented on their current staffing situations in response to the Baird-MDM 1Q 2023 Distribution Survey.
Cutting tool consumption totaled $196.9M, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.
Major ports across the U.S. saw their volumes drop last month to levels not seen since before the COVID-19 pandemic.
After a slow finish to an otherwise-robust 2022, revenue growth continued to decelerate to start 2023.
While talks of a slowdown persist, industrial distributors outperformed nearly all other wholesale sectors in 1Q’s first two months.
