HVACR Distributor Sales Up 17.9% in May
HARDI report shows strongest month-to-month growth for HVACR distributors since November 2010.
HVACR Distributor Sales Up 17.9% in May Read More »
HARDI report shows strongest month-to-month growth for HVACR distributors since November 2010.
HVACR Distributor Sales Up 17.9% in May Read More »
Acquisition complements and expands Bunzl's operations in the Pacific Northwest.
Bunzl Acquires Service Paper Company Read More »
Canada's Raw Materials Price Index falls 1 percent in May, largely due to lower prices for crude oil.
Canada’s Industrial Product Price Index Unchanged in May Read More »
Now that the Supreme Court has upheld the Affordable Care Act, what should employers do to make sure they're in compliance?
Preparing for Obamacare: Next Steps for Employers Read More »
MSC executives say the distributor will continue to focus on e-commerce and vending as growth platforms.
MSC Industrial Sales Up 15% in 3Q Read More »
Layoffs are part of Lawson's larger strategic restructuring plan aimed at streamlining operations and processes.
Lawson Products to Cut 100 Positions from Workforce Read More »
Without active development, your brand will become static and die.
Tip: Refine Your Brand to Stay Relevant Over Time Read More »
Several factors are contributing to a less than favorable outlook in the economy, despite strong distributor sales growth.
Uncertainty Taints Positive Economic Outlook Read More »
Excluding transportation, new orders increased 0.4 percent.
New Orders for Durable Goods Up 1.1% in May Read More »
The Federal Reserve Boards industrial production index for manufacturing declined 0.4 percent.
Chicago Fed Midwest Manufacturing Index Down 1% in May Read More »
How MDM determined rankings for the 2013 top distributors lists.
2013 MDM Market Leaders Methodology Read More »
Jonathan Bein: Focusing on outside sales and inbound phone sales is not enough.
Lack of Multichannel Marketing May Hurt Smaller Distributors Read More »
Annual Distribution Trends Report is also released.
Manufacturings first-quarter 10 percent annual rate a major contributor.
U.S. Manufacturing Growth to Outpace Economy in 2012 Read More »
This article is part of the 2012 Distribution Trends Report. To access this annual update for premium subscribers, subscribe now or log-in.
Each year we say the big get bigger. And while that remains the case, we saw the big get much bigger thanks to a wave of mergers and acquisitions in 2011. That’s reflected on the 2012 MDM Market Leaders top distributor lists – which are at mdm.com/marketleaders.
The average growth for distributors on this year’s Top 40 Industrial Distributors list was 19.4 percent, a significant jump from the 10.4 percent we saw on last year’s list, in part due to acquisitions made throughout the year. Consolidation further ramped up in the first half of 2012.
Dozens of deals have been announced in distribution thanks to a perfect storm of contributing factors that include a large number of owners who are ready to retire, significantly improved deal valuations and ...
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Wave of Consolidation Hits the Industry Read More »
Associate Editor Jenel Stelton-Holtmeier recently spoke with Wurth-North America CEO Robert Stolz about how the industrial distributor, which is part of the Germany-based Wurth Group, is approaching growth in U.S. markets.
MDM: It looks like Wurth-North America had some solid growth in 2011. What are some of the drivers of that growth?
Robert Stolz: We actually had double-digit growth in all four of our divisions: an industrial division; a wood division – which is construction materials; a metal division – which is MRO; and then an automotive division. That’s how we’re structured around the world and in North America.
As for what drove that growth, No. 1, of course, is we’re seeing the overall economy improve. I like to describe it as two steps forward, one step back. It’s very difficult still to plan or to set prognosis because we’ll have a couple of good quarters and then we’ll have a month that’s not as strong. But I think that’s the overall economy.
I also think we’re very focused on market share gain, and we’re pushing very hard in all four segments to pick up market share.
MDM: What’s the outlook for the rest of 2012?
Stolz: It’s interesting. I have moved from cautiously optimistic to optimistic. I think that in an economy like we’re in right now, well-capitalized and well-financed businesses will be very strong.
Of course, one of the things we’ve seen is that as you come out of a recession like this one, it puts a huge strain on working capital. If you think about it, when times are declining...
MDM Interview: Wurth’s Approach to Growth in the U.S. Read More »
In 2012, MDM is recognizing distributors that are innovative in their approach to their markets. Specialty building materials distributor C.H. Briggs is the first of two featured this year.
In wholesale distribution, “good enough” has long been a common theme for technology’s role in the business. But “good enough” was never good enough for C.H. Briggs, a specialty building materials distributor based in Reading, PA. “You can’t just accept what you’re told,” says CIO Scott Withers. “You have to ask yourself: What can this mean for me tomorrow?”
Following that philosophy has made C.H. Briggs a leader ...
2012 Market Mover: C.H. Briggs Thinks Differently On ‘Social’ Read More »
Diffusion Index was negative for the first time since June 2011.
Chicago Fed National Activity Index Drops in May Read More »
The economy in 2012 is proving to be consistently inconsistent. Anecdotally, we’re hearing of record-breaking months followed by slow ones; nearly all distribution sectors expect less in 2012, but still a year of moderate growth.
As Wurth-North America’s CEO Robert Stolz says in this issue of MDM: “It’s very difficult still to plan or to set prognosis because we’ll have a couple of good quarters and then we’ll have a month that’s not as strong.”
Making the most of more limited growth opportunities will …
Commentary: The Difference in 2012: Profitability Read More »