The 2020 Mid-Year Economic Update_long
Latest
MSC Industrial Supply
Operations

MSC Industrial’s Sales Dip 12.6% in July

The industrial distributor said fiscal fourth-quarter sales to date (June and July) were down 14% from the year-ago period.

HD Supply
Operations

HD Supply Shifts Gears, Opts to Sell White Cap to CD&R for $2.9B

HD Supply had originally planned to spin off the Construction & Industrial – White Cap business into a separate publicly traded company.

IRCG-Pandemic-Revenue-Index-July-27-31-2020
Research & Analytics

IRCG Weekly Pandemic Revenue Index Shows 1.4% Increase

PRI for the week of July 27-31 registers largest increase since March 9 with half of respondents indicating sales growth.

Avnet warehouse
Operations

Avnet Sales Down 9.7% in Fiscal 2020

Fourth quarter sales down 7.5% year-over-year for electronics distribution giant Avnet.

Beacon
Operations

Beacon Roofing Supply Sales Down in 3Q

The company also reported a third-quarter loss of $6.7 million, compared with a $31 million profit in the year-ago period.

Manitowoc Company
Leadership

The Manitowoc Co. Appoints New President, CEO

Aaron H. Ravenscroft named president and CEO of crane manufacturer, effective immediately; he replaces Barry L. Pennypacker.

DXP Enterprises
Operations

DXP’s Sales Down 24.6% in 2Q

Net income for DXP Enterprises was $2.1 million, compared to $13.4 million in the year-ago period.

Fastenal
Operations

Fastenal’s July Sales Up 2.6%

The company reported daily sales also up 2.6% versus a year ago based on strength in safety (38% growth).

Goods and Services deficit
Research & Analytics

Goods and Services Deficit Down in June

Year-to-date, the goods and services deficit decreased $23.1 billion, or 7.8%, from the same period in 2019.

White Papers
Reports
Podcasts

In this June 12, 2020 segment of MDM LIVE, John Caplan, President, North America & Europe, Alibaba.com, 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 Alibaba.com and practical advice on how to sell internationally.

Webcasts
Balance sheets with calculator
Join us at 1p.m. Eastern on August 20th for this MDM Webcast. With business disruptions coming from all directions, maintaining a stable balance sheet is critical to profitability. This MDM webcast will address how distributors can manage accounts receivable to keep cash flowing, even while dealing with unpredictable supply and demand.
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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