Grow Profitability by Implementing Automated Price Negotiation
Distributors leave up to 5% of profit on the table during price negotiations, but an automated system can take human judgment out of the picture and add more dollars to the bottom line.
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.
Veritiv Sales Down 28.3% in 2Q
Veritiv, whose six-month sales dipped 20.6% year-over-year, saw its “ongoing efficiency programs and the temporary actions … to mitigate the impact of COVID-19 led to improved margins,” says CEO.
NOW Inc. Sales Plummet in 2Q
NOW Inc., which reported a loss of $30 million for the quarter and a loss of $361 million for the first six months of 2020, is enacting cost-reduction measures.
Amazon to Build Fulfillment Center in Tampa Bay Area
Amazon's new fulfillment center in Temple Terrace and new delivery station in Lutz will create hundreds of new full-time jobs
The Home Depot to Open Three New Distribution Centers in Georgia
With trio of new DCs designed to "meet the changing delivery needs of our DIY and Pro customers," The Home Depot is committing to an additional 1,000 new jobs in Greater Atlanta area.
3M Announces New Leadership Appointment
Jeffrey R. Lavers has been appointed executive vice president, Consumer Business Group, replacing Paul Keel.
Avnet Appoints Interim CEO
Electronics distributor Avnet names Phil Gallagher as interim replacement for outgoing CEO Bill Amelio and also announces preliminary fourth-quarter financial results.
HARDI Distributors Report 24.3% Revenue Jump in June
Heating, Air-conditioning & Refrigeration Distributors International’s monthly TRENDS report shows a huge spike in HVAC distributors’ revenue, marking a “solid start for the cooling season,” says HARDI analyst Brian Loftus.
Nationwide Plastics Dallas Rebrands as Curbell Plastics Arlington
Nationwide Plastics Inc., a division of Curbell Plastics Inc. since its acquisition last August, on Monday announced it has rebranded as Curbell Plastics Arlington.
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What We're Reading
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- Season: 3
- Episode: 9
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.
- August 20, 2020
- Sponsored by: Esker
- Sponsored by: Zilliant
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