The unemployment rate was unchanged at 3.7%.
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As we approach the next decade, this industry is at an inflection point from a melting pot of trends that have been boiling over into more sectors of distribution.
The industry is at an inflection point from a melting pot of trends that have been boiling over into more sectors of distribution. The biggest burner has been the technology revolution, which has us in this venturi of intensifying heat that is testing traditional distribution models like never before.
Distributors and manufacturers alike are facing similar challenges when it comes to attracting and retaining the right employees for their organization. Issues include the growing cost of wages, a shortage of available qualified laborers and an aging workforce.
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Despite some softening in the first half of 2019, most MDM Trends survey respondents feel relatively optimistic about the coming year, but would like to see the tariff dispute come to an end.
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Distributors and manufacturers are increasingly investing in digital capabilities to reach larger audiences, understand customer preferences and grow their business.
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In MDMs 2019 Market Trends survey, we asked the industry to share whats on your mind as we head into 2020. The start of a new decade is carrying some old concerns with it, namely challenges surrounding retention and acquisition of talent, updating and taking advantage of evolving technology and the possibility of dealing with an economic downturn.
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The Index now stands at 125.1, down from 134.2 in August.
The indexs three-month moving average was up to -0.06 in August.
Manufacturing output increased 0.5% during the month.
This multipart series will explore the convergence of trends that is both drawing and enabling these new competitors and others into the distribution market.
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Plenty of room for further mergers and acquisitions among Market Leader companies.
Annualized growth through July was 8.7%.
This is the 10th year we have ranked the top distributors, and this year includes more than 150 companies across 15 product categories.
The CFNAI Diffusion Index decreased to 0.19 during the month.
Through its Better MRO and MRO Go initiatives, MSC is working to be a consistent source of materials as well as innovation and cost-saving solutions for its customers building a growing sense of loyalty from a changing workforce in the process.
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Committed to leveraging the experience and industry knowledge of its employee base, this industrial distributor continues to grow customer loyalty through ongoing investments in its private label products, accelerated category expansions and more.
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CEO Kathy Mazzarella draws on the distributors distinguished track record of being at the forefront of change and technological advancement to promote employee-led innovation efforts that are creating new pathways to strengthen customer connections and business growth.
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The indirect industrial supply distributor aims to be a one-stop shop with fully integrated procurement and material management programs.
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Contractors can take an online training course offered by Johnstone or participate in training labs at several dozen locations across the country. Its all part of the companys plan to empower its partners, both internally and externally.
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