AD, Wayne, Pennsylvania, the largest contractor and industrial products wholesale buying group in North America, has announced a new director and two reelected directors among its complement of 12 board members and committee chairs. President of Border States Electric David White is AD’s newest director. White served on the board previously while he was president of Shealy Electrical […]
AD Elects 2020 Board of Directors Read More »
Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to 0.35 ;in December from +0.41 in November. Three of the our broad categories of indicators that make up the index decreased from November, and three of the four categories made negative contributions to the index in December. The index’s three-month
The Chicago Fed National Activity Index Fell to -0.35 in December Read More »
Evergreen Marketing Group CEO Kevin Higginbotham has announced plans to retire in mid-2022. As a result of the announcement, the Evergreen Board of Directors has named a Succession Steering Committee to lead the transition. Higginbotham joined Evergreen in June 1995 as executive director and was named CEO in 2006. Keith Turtenwald, chairman of the Evergreen board of directors, said,
Evergreen Marketing Group Outlines Succession Plan Read More »
Optimas OE Solutions LLC, Glenview, Illinois, has named three industry executives to the company’s leadership team, including Marc Strandquist as president of the Americas, Mike Tuffy as president of International and Kate Daly as senior vice president of Global Human Resources. These industry veterans will focus on business growth and organizational strategy while strengthening operations and
Optimas OE Solutions Names Three Executives to its Leadership Team Read More »
Emuge Corp., West Boylston, Massachusetts, has named Scott Lowe as national accounts manager for the U.S. and Canada. In his new position, Lowe is responsible for developing and managing channel partner relations with key customers, distributors and integrated suppliers of Emuge products. “I am very pleased to welcome Scott to Emuge to further strengthen our sales organization
EMUGE Appoints Kennametal Veteran as National Account Manager Read More »
Not long ago, the B2B distribution business presented a fairly simple equation: The more calls your skilled account managers could make on customers, the more those customers would buy. You built your sales process on this foundation of face-to-face interactions. You won by having the best team, with the right inventory in branches near the
Fastenal Quarterly Report Reinforces How Customer Dynamics are Changing Read More »
Industrial production declined 0.3% in December, as a decrease of 5.6% for utilities outweighed increases of 0.2% for manufacturing and 1.3% for mining, according to the latest data from the Federal Reserve. For the fourth quarter as a whole, total industrial production moved down at an annual rate of 0.5%. At 109.4% of its 2012 average,
Manufacturing Production Increased 0.2% in December Read More »
In the coming years, major disruptive forces are aligning that will potentially restructure the wholesale distribution industry, McKinsey analysts recently predicted. However, the report notes, “while the overall picture may look bleak, we see opportunities across sectors. A handful of industry leaders are growing share and margin.” In other words, distributors can win the next decade
5 Ways You Can Use AI to Win the 2020s Read More »
AgoNow, Tulsa, Oklahoma, an industrial wholesaler and channel solutions provider, has joined the IBC industrial buying group. AgoNow partners with distributors and manufacturers of industrial MRO, commercial construction, welding and safety products. As a wholesaler, AgoNow does not sell directly to end-users. “The addition of AgoNow enhances our members’ fulfillment and logistics capabilities with end users,” said Mark
AgoNow Joins IBC Buying Group Read More »
AD, Wayne, Pennsylvania, the largest contractor and industrial products wholesale buying group in North America, has promoted Justin Dunscomb to president of the Plumbing and Pipe, Valves and Fittings-U.S. Divisions within the Plumbing, Heating, Cooling and Pipe Business Unit. The two divisions will continue to operate separately for the purposes of governance, boards, networks and committees. Most recently,
AD Names President of Plumbing, PVF-US Divisions Read More »
Your customers seek innovative, cost-effective integrated supply solutions. But a commitment to integrated supply requires substantial resources dedicated to sourcing, logistics, identification, multi-shift staffing, KPI reporting and more. How do you get into this space with such high barriers to entry? Consider a hybrid integrated supply model that can mitigate your risk and resource investment
How to Overcome Barriers to Delivering Integrated Supply Solutions Read More »
Clarence Martin, the Chief Executive Officer and Chief Financial Officer at State Electric Supply, has died. Martin was hired at State Electric Supply in 1972 as the company’s comptroller, when the company only had 41 employees and two branches. With Martin’s guidance and leadership, State now has 44 branches across seven states, with nearly 800
State Electric Supply CEO Clarence Martin Dies Read More »
Industrial distributor MSC Industrial Direct Co. Inc. (NYSE: MSM), Melville, New York, reported fiscal 2020 first quarter sales of $823.6 billion, a 1% decrease compared to fiscal 2019. Annual profit was $65.4 million, a 11.8% decrease compared with the first quarter last year. Ecommerce sales inched up barely in the quarter, which ended Nov. 30, but remained
MSC’s Sales Down 1% in Fiscal First Quarter Read More »
Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, has announced that CEO Chad Crow will retire this year after 20 years with the company. Crow will leave after assisting the company’s board of directors in hiring his replacement. He will also continue to work with Builders FirstSource in a consulting capacity for a period of time following the appointment
Builders FirstSource CEO to Retire in 2020 Read More »
Fortive Corp. (NYSE: FTV), Everett, Washington, has announced that the name of the new global industrial company which is expected to separate from Fortive later this year will be Vontier Corporation. Vontier will focus on transportation and mobility markets and will be comprised initially of a portfolio of leading retail and commercial fueling, fleet management, and
Fortive Names New Global Industrial Company Read More »
As we all recognize, changes are coming faster, manufacturers are spreading out geographically, customers are expecting rapid response and technology continues to bypass the breakthrough visions of a just few years ago. Add to that the volatility in ownership patterns (mergers, private equity, public offerings, spin offs and more), and we often find that most
7 Ways for Distributors to Start the Year Off Strong Read More »
Grainger (NYSE: GWW), Chicago, has announced that David Rawlinson, senior vice president and president, Grainger Online Business, will be leaving the company effective February 1, 2020, to become the CEO of a newly formed public company. Rawlinson joined Grainger as Vice President, Deputy General Counsel and Corporate Secretary in 2012, and progressively expanded his experiences, taking on leadership of
Grainger Announces Leadership Change in Online Business Read More »
Total nonfarm payroll employment rose by 145,000 in December, and the unemployment rate was unchanged at 3.5%,according to the U.S. Bureau of Labor Statistics. Notable job gains occurred in retail trade and health care, while mining lost jobs. Manufacturing employment was down by 12,000. Employment in the industry changed little in 2019, growing by 46,000, after increasing in 2018 by 264,000.
Manufacturing Employment Fell by 12,000 in December Read More »
Cyberthreats Trending in 2020: 6 Steps to Manage the Risk Read More »
Commentary: Accountability Helps Strengthen New-Year Resolve Read More »
By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.
Wholesale distribution news and trends delivered right to your inbox.
Sign-up for our free newsletter and get:
