3 Misconceptions about AI that Distributors Need to Put to Rest
Proton.ai's Jill Voege writes that while many distributors tend to think of AI as an abstract concept, it's actually a technology that can provide real value for their businesses.
August 5, 2021
Atlas Copco Acquires Specialized Centrifugal Pump Company
The latest addition to Atlas Copco’s portfolio, CPC Pumps International Inc., serves customers in North America and had 2020 revenue of US$44.8 million.
Goods and Services Deficit Grows in June
Year-over-year, the goods and services deficit increased $4.8 billion, or 6.7%, from May.
Arrow Electronics’ 2Q Sales Up 29.6%
Arrow reports that global sales of electronic components and solutions increased 40% to $6.6 billion.
Fastenal’s July Sales Increase 4.7%
Fastenal’s reported daily sales for the month were up 9.7% versus a year as its sales mix continued at its normal levels.
Builders FirstSource Sales Spike Due to BMC Merger
Dallas-based building materials distributor Builders FirstSource, still riding the momentum of its merger with BMC Stock Holdings, reported another strong quarter.
WESCO’s 2Q Sales More Than Double
The company again benefited from its $4.5 billion acquisition of Anixter International Inc. in 2020, with revenue spiking 120.2%.
