Indicators the past month have largely been positive across most distribution sectors. And at industry meetings, executives are looking forward instead of down. That’s a great change from a very tough year. At the same time, I have not heard anyone say we are out of the woods.
From our surveys, we found that many distributors were forced to use layoffs to stay viable, and many more did everything in their power to avoid layoffs or use them as creatively as possible.
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