The safety category again stole the show for Fastenal Co. during its May sales report with a 136.3% increase, while the companys fastener business has likely hit the bottom during the COVID-19 disruption and could be on the upswing.
The 0.3% improvement follows 10 weeks of declines and nine weeks of double-digit declines.
French distributor of industrial air compressors will become part of Atlas Copcos Compressor Technique business area.
Some distributors are updating their price segmentation schemes to ensure they reflect these evolving conditions by overlaying a COVID-19 demand category attribute to complement traditional segmentation schemes.
ASA is part of a coalition asking Congress to act quickly to enact temporary COVID-19 liability protections.
The company reported daily sales up 14.8% versus a year ago based on strength in safety.
Alibaba.com, a business unit of Alibaba Group, on June 2 announced three new products and services intended to allow U.S. small businesses to access digital logistics to source globally, alleviate cash flow with 60-day payment terms, and connect U.S. manufacturers and wholesalers with buyers through online trade shows: • Alibaba.com Freight — Enables U.S. small- …
While the COVID-19 pandemic has slowed M&A to a crawl in distribution and most sectors, companies that chose to hunker down rather than innovate during the pandemic could be targeted by savvy strategic and financial buyers once activity resumes.
The average annual sales growth for the 12 months through April 2020 is 1.3%.
Distribution leaders that emphasize innovation during this time of uncertainty will be at an advantage when the so-called new normal whatever that looks like has settled in. One area where companies can innovate is by transforming their sales models. The latest MDM Live explains why.
Distribution giant selling European subsidiary to Dutch private equity firm Torqx Capital Partners for undisclosed amount.
The April figure is 3.0% above the April 2019 estimate of $1,307.1 billion.
The board of directors will begin a thorough and deliberate CEO selection process to replace Andrew Lane.
DGI Supply has hired the Production Tool & Supply employees and will continue to operate under the PT&S brand for its customers in the Rockford area.
Machine Tool Supply is a distributor of cutting tools, abrasives, mold components, workholding products, MRO and safety supplies.
International coronavirus stay-at-home orders have accelerated the imperative for distributors to improve virtual sales tactics. MDMs most-read blogs of May continued to focus on COVID-19 and its long-term effects for the distribution industry, particularly the sales process.