The 2020 Mid-Year Economic Update_long
Research & Analytics

Pandemic Revenue Index Shows Nice Gain in Non-Holiday Week

Indian River Consulting Group’s weekly PRI for the work week of Sept. 14-18 indicated a sales increase of 4.9% versus the same week in 2019, which is the largest increase outside of a week distorted by a holiday.


SKF Invests in North America Manufacturing Footprint

Swedish bearings manufacturer SKF said it will pour $39.3 million into expanding and automating processes at the group's factory in Sumter, South Carolina.


Veritiv Names Salvatore Abbate CEO

Other C-suite moves at Veritiv include the retirement of Mary A. Laschinger, current chairman and CEO, and the appointment of Stephen E. Macadam as chairman of the board.

United Rentals

United Rentals Announces Departure of Chief Commercial Officer

Paul McDonnell will step down from United Rentals; his duties will be handled by COO Dale Asplund.

CFNAI August
Research & Analytics

Chicago Fed National Activity Index Declines to +0.79 in August

Latest Chicago Fed National Activity Index (CFNAI) shows that two of four broad categories of indicators used to construct the index made positive contributions in July, but all four categories decreased from July.

Stack of new wooden studs at the lumber yard

Hammond Lumber Company Announces New Senior Leadership Team

Fourth-generation, family-owned Maine company makes internal promotions within senior leadership team and adds several new roles.

cutting tool consumption
Research & Analytics

U.S. Cutting Tool Consumption Drops 30.6% in July

Latest report shows U.S. cutting tool consumption down 8.5% from previous month of June, while year-to-date total is down 21.2% from same period of 2019.


EPTDA AGM Appoints Board of Directors, President for 2021/22

EPTDA — the executive association for industrial distribution distributors and manufacturers across Europe, the Middle East and Africa — this week announced the appointment of its new 2021/22 board of directors and president, effective 1 October 2020.

IRCG Pandemic Revenue Index September 7-11, 2020
Research & Analytics

Tough Labor Day Comp Sinks Latest Pandemic Revenue Index

Distributor sales drop 12.7% for the week of Sept. 7-11 due to the Labor Day holiday falling within that time frame, according to the latest Indian River Consulting Group PRI.

White Papers

In this June 12, 2020 segment of MDM LIVE, John Caplan, President, North America & Europe,, urges distributors to drive digital in their businesses and the need for a marketplace strategy going forward. Hear much more from Caplan — including inspiration for taking your business digital, tips on getting started with and practical advice on how to sell internationally.

Spotlight Videos
Valves on pipes
Scott Young, President of George E. Booth Co., a Midwest distributor of process instrumentation products and services, talks with MDM's John Gunderson about the company's launch of a cloud-based ERP system at the beginning of 2020. The timing could not have been better. As Young shares in this Spotlight video, the company was able to pivot quickly in mid-March when its 75-person workforce started working from home. The move allowed the team to focus on revenue-generating activity and value-added services to support customers, while reducing costs by automating back-end processes.

Partner Resource Center

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