The 2020 Mid-Year Economic Update_long
Latest
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.

Veritiv
Operations

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.
Operations

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
Operations

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
Operations

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
Leadership

3M Announces New Leadership Appointment

Jeffrey R. Lavers has been appointed executive vice president, Consumer Business Group, replacing Paul Keel.

Avnet
Leadership

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 June TRENDS
Research & Analytics

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.

Curbell Plastics
Sales & Marketing

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. 

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
Laptop computer and automation graphics
In B2B, the pricing negotiation game can be complicated, cumbersome and costly, but thanks to an important advancement for wholesale distribution — intelligent automated negotiation — the game has been changed. Join John Gunderson, VP Sales, Analytics and e-business, MDM and Todd Pate, Business Solutions Consultant, Zilliant, for this MDM Spotlight: Step Up Your Pricing Game with Automated Negotiation. From an experience perspective, Intelligent Automated Negotiation completely turns the price negotiation game on its head. This is a game-changer for any distributor that wants to increase its value proposition and capture share in today’s competitive, highly evolved digital landscape. This exclusive MDM Spotlight, sponsored by Zilliant, will show you how.

Partner Resource Center

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