The 2020 Mid-Year Economic Update_long

Day: January 7, 2020

The Goods and Services Deficit Decreased in November

The goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. November exports were $208.6 billion, $1.4 billion more than October exports. November imports were $251.7 billion, $2.5 billion less than October imports. The November decrease in …

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Foundation Building Materials Acquires Associated Drywall Suppliers

Foundation Building Materials Inc, (NYSE:FBM) Tustin, California, has acquired Associated Drywall Suppliers, Inc., an independent distributor of drywall, metal framing and suspended ceiling systems serving the greater Louisville, Kentucky market. Terms of the transaction were not disclosed. “The addition of Associated builds our residential market presence, and complements our existing commercial footprint in Louisville, Kentucky,” …

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Imperial Dade Acquires Wagner Supply

Imperial Dade, Jersey City, New Jersey, a national distributor of disposable food service and janitorial supplies, has acquired Wagner Supply Company, a distributor of janitorial and industrial products with branches in Odessa, Lubbock, and Wichita Falls, Texas. Terms of the transaction were not disclosed. “The Wagner family’s strong customer relationships and reputation for providing high-quality customer service makes …

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laptop with ecommerce carts

5 E-Commerce Resolutions for Distributors to Strengthen Your Online Presence

As the number of B2B buyers who start their research, product selection and buying online has skyrocketed, so too have the opportunities available to wholesale distributors who put time, effort and money into their online presence. The global B2B e-commerce market was valued at $12.2 trillion in 2019 — just over six times that of the B2C market, Statista reports.  These numbers can’t be ignored. Even …

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