Heritage Enters Utah Market with Acquisition of Beehive Brick & Stone
Brad Fairbanks and Tyler Rast will continue to lead the company under the Beehive banner.
May 2021
Schneider Electric Promotes Frei to EVP of Industrial Automation Business
With the promotion, Frei retained her spot on Schneider Electric's executive committee.
RBC Bearings Incorporated Announces Fiscal 2021 Fourth Quarter Results
Net sales for the fourth quarter of fiscal 2021 decreased 13.7% compared to the previous year.
4 Ways Distributors are Using Technology to Catch Up with Savvy Buyers
While some sales reps are getting back in the door, now is the time to embrace tools that can help customers save money and increase their efficiency despite challenges in their own businesses, such as extended lead times.
Kennametal Names Chowbey President of Metal Cutting
Chowbey will be a member of Kennametal's executive leadership team and will report directly to CEO Rossi.
Residential Building Permits Up 60.9% Year-Over-Year in April
Privately-owned housing starts in April were up 67.3% compared to the same month a year ago, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Should Distribution E-Commerce Be Run by IT or the C-Suite?
During a recent “un-webinar” from MasterB2B, panelists squared off on topics such as bringing in outside B2C talent to better enable B2B e-commerce platforms and whether e-commerce teams should report to the IT side of a distributor or to the CEO/C-suite business side.
Sonepar USA Names Mouritzen as West Region President
Mouritzen will replace industry veteran Jon Mitchell as Sonepar USA’s West Region president.
Ferguson’s Revenue Climbs 24.5% in 3Q
Ferguson posts $5.9 billion in revenue in the third quarter as the U.S. economy heats up.
Lowe’s First Quarter Sales Increase 24.4%
Total net sales rose 24.1% to $24.42 billion from $19.68 billion last year while comparable sales increased 25.9%
Home Depot Crushes 1Q Due to ‘Unprecedented Demand’
Home Depot’s first-quarter revenues increased 32.7% from the same quarter a year ago.
Bunzl Acquires New Zealand Health Care Distributor
The international distribution and services group said it has added Obex Medical Holdings to its portfolio.
ISM’s Spring Report Says Economic Growth Will Continue Through 2021
ISM’s spring survey of purchasing and supply executives found that expectations are high for the remainder of the year across the manufacturing and service sectors.
Whack-a-Mole: How Distributors are Navigating a Messy Supply Chain
Supply chain leaders at distributors are busier than ever these days as they scramble to address a litany of issues. Here’s what they’re saying about the crisis and how they’re dealing with it.
Acuity Brands Snaps Up AI Accelerator Rockpile Ventures
Acuity Brands also announced on Tuesday that Peter Han, the co-founder of Rockpile Ventures, is now president of Acuity’s newly-named Intelligent Spaces Group (ISG).
DXP: The Pathway to Personalization on an E-Commerce Platform
According to research cited by Bloomreach's Jason Hein, 25% of B2B business decision makers said direct websites are their fastest-growing channel, while 56% of B2B customers would pay more for a better or faster buying experience.
PPG Acquires Global Coatings Manufacturer
Pittsburgh-based PPG has completed the acquisition of Wörwag, which employs 1,100 people worldwide.
First Quarter 2021 Earnings Recap
How did the public distributors (and manufacturers relevant to this space) perform in the calendar first quarter? Our recap provides highlights of their revenue and earnings results.
U.S. Census Bureau: Manufacturing and Trade Shipments Increase in March
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for March increased 18.5% from the same month in 2020.
Industrial Production Up 0.7% in March
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.4% during the month.
