The 2020 Mid-Year Economic Update_long
economic blog
Research & Analytics

Is a Grim Winter Coming?

The news has mostly been good since our last update on the reports affecting wholesale distribution, manufacturing and the overall economy, but as coronavirus cases rise, so do fears of a so-called “COVID-19 cliff.”

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Avnet Names Phil Gallagher CEO

Gallagher, who has been with Avnet for 37 years, had been serving as interim CEO since August

CFNAI October 2020
Research & Analytics

Chicago Fed National Activity Index Improves to +0.83 in October

Latest Chicago Fed National Activity Index (CFNAI) shows that three of four broad categories of indicators used to construct the index made positive contributions in October, and three of the four categories increased from September.

MSC Industrial office building

MSC Industrial Supply Names VP for Cross-Channel Growth

Industrial distributor appoints Mark Pickett to newly created role for “leading and driving a consistent brand experience for customers across all of MSC’s platforms and channels.”

Protective Industrial Products Inc.

Protective Industrial Products Adds Bolt-On PPE Supplier

PE-backed PPE manufacturer Protective Industrial Products Inc. has bought Primax Manufacturing & Trading Inc., a maker of safety gloves and other protective clothing.

Research & Analytics

Pandemic Revenue Index Slips 2.2%

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 9 to Nov. 13 indicated an 2.2% decrease — but will more lockdowns further drag revenues in the coming weeks?

Beacon 4Q 2020

Beacon Roofing Supply Sales Down 2.3% in Fiscal 2020

Building materials distributor Beacon Roofing Supply also reported that fourth-quarter revenue of $2 billion marked a 0.6% decline from the same period in 2019.

ABC Supply

ABC Supply Opens Location in Quincy, Mass.

Joe Camara, who has been with the company since 2007, will manage the building materials distributor’s newest location.

residential construction October 2020
Research & Analytics

Residential Building Permits Up 2.8% in October

Housing starts also up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau.

U.S. cutting tool consumption
Research & Analytics

U.S. Cutting Tool Consumption Down 20.5% in September

Latest report shows U.S. cutting tool consumption up 14.7% from previous month of August, while year-to-date total is down 23.1% from same period of 2019.

White Papers

In this episode, Brian Gardner, founder of SalesProcess360, demystifies the Sales Process Audit that industrial sales organizations can implement to get ROI from CRM. While CRM can be an impactful technology, Gardner stresses that organizations need the right processes in place to capitalize on their CRM investment. With over 25 years of experience in sales management and CRM, hear Gardner’s insight on how companies at all stages can get the most out of their sales process.

epicor webcast 12-3
Join us for this panel discussion on December 3 at 1 PM EST, moderated by MDM’s Tom Gale, to gain insight from three distribution technology leaders on how they are approaching the year and guiding their teams to build more technology-enabled organizations.
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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