AZEK Sees 4Q Rebound
The AZEK Company Inc. reported a ‘record’ fiscal 2021 fourth quarter, with net sales increasing 31.1% over the same period in 2020.
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November 2021
New Practices in a Pandemic Recruiting Battle
Recruitment today is a two-way street: The best talent is landing with those employers thinking outside the traditional hiring process box.
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ABC: 78% of Contractors Using New Tech
Associated Builders and Contractors released its first construction technology report, which studies tools and tech members use at worksites.
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Sentinel Capital Acquires Empire Auto
The private equity firm that invests in midmarket companies acquired Empire Auto Parts, a distributor of aftermarket collision parts.
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MSC Partners With University
MSC Industrial Supply Co. and the University of Tennessee have created a public-private research partnership aimed at advancing machining.
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8 Third-Quarter Economic Indicators Impacting Distribution
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Motion Names New VP
MRO distributor announces that John Watwood has been promoted to vice president of operations integration, effective immediately.
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ABC Supply Adds Texas Location
The distributor of roofing, siding and exterior building products opened a new location at 101 N. Robert C Lanier Drive in Baytown, Texas.
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Lowe’s 3Q Sales and Earnings Up
The company reported 2021 3Q net earnings of $1.9 billion and sales of $22.9 billion, according to the latest earnings announcement.
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Home Depot 3Q Sales Increase
The home improvement retailer reported 2021 3Q sales of $36.8 billion, an increase of $3.3 billion, or 9.8% from the same period last year.
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New Residential Construction Rises
Privately‐owned housing units authorized by building permits in October 2021 were 4% above the prior month’s rate and 3.4% above the October 2020 rate.
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New Ways of Thinking About P2P Automation
New ways of thinking about P2P automation in distribution include five areas where automating procure-to-pay will have a direct impact.
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Industrial Production Rises in October
Industrial production rose 1.6% in October after falling 1.3% in September, according to a report from the U.S. Federal Reserve.
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Trade Sales and Manufacturers Shipments Up
Census Bureau reports combined value of distributive trade sales and manufacturers’ shipments for Sept. was estimated at $1,669.7 billion.
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Retail and Foodservice Sales Rise
U.S. retail and food services sales for October 2021 were $638.2 billion, an increase of 1.7% over September and 16.3% above October 2020.
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Tompkins Solutions Adds VP
Supply chain consulting and services firm has named Roy Smith vice president of sales of its material handling integration division.
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Sonepar Unveils New Logo
For the first time in 2 decades, the distributor has a new logo that Sonepar says reflects an ‘ambitious transformation to serve customers.’
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How Supply Chain, Inflation and Labor Issues are Impacting Imperial Dade
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Global Industrial Appoints Storch
The MRO distributor has appointed Adina Storch to the role of senior vice president, general counsel and corporate secretary.
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4 Types of Distributors We’ll See in 2022
How distributors will plan and adapt for 2022. Actionable insights to build profitable revenue and market share growth.
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