Grainger is setting the example for distributors looking to shake off defensive mode.
September 10, 2009
Kreidler will take over the financial officer duties from the CEO
More distributors are diversifying into alternative and renewable energy markets. These markets vary in their maturity, and over the years, some have succeeded, while others have fallen off the grid. The dilemma over whether to invest in these markets when hype sometimes overshadows reality is a big one.
The outflow of manufacturing to "low-cost" countries keeps resonating lately as I envision how this next growth cycle takes shape. Before the heady days of the dot-com era distracted many businesses from their core focus and presented others with opportunity, industry change centered on the dramatic shift many North American manufacturers were making to offshore production.
Today there are a number of indicators that manufacturing might migrate back to a regional or at least continental scale.
New demands on the power grid have led to new ideas on how to meet those demands. One way: the Smart Grid.
Recent MAPI/Manufacturers alliance report says as India's economic growth accelerates, it is gaining interest from U.S. manufacturers as a production location and for its considerable sales potential.
News briefs from Aug. 25, 2009, through Sept. 10, 2009
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