Despite the decline in January, backlog remains elevated by historical standards and is 0.1 months higher than in February 2020.
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Despite experiencing a decrease from total orders in 2021, the manufacturing technology industry still recorded its third-best year in 2022.
After reaching its highest total in three years in October, U.S. cutting tool consumption fell in November, but increased year-over-year.
Year-to-date orders for manufacturing technology orders dropped below 2021 for the first time in 2022, according to AMT's latest monthly report.
After surpassing its pre-pandemic level in September, backlog is now back below the reading observed at the start of the pandemic, according to ABC.
Backlog is once again above the level observed at the start of the pandemic, according to the Associated Builders and Contractors.
The increase snapped a streak of four consecutive months in which orders of manufacturing technology declined.
Amazon Business's second annual Procurement Report shed some light on the state of the distribution industry and where it might be headed.
Average annual sales growth for 12 months through Sept. was 19.6% for Heating, Air-conditioning & Refrigeration Distributors International.
While the recovery well is underway, the NetPlus quarterly survey also said the labor shortage was a cause for concern going forward.
Technology orders were up 72% year-over-year in April according to the latest U.S. Manufacturing Technology Orders report by AMT.
Thirteen lessons from distributors who are finding the silver linings in COVID-19.
Talk of a potential slowdown isnt stopping these manufacturers and distributors from anticipating a relatively strong year ahead.
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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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.
