QuickTake: Distributors’ Key Business Objectives for 2024
With budgets and operational planning already eyeing the year ahead, Mike Marks and Tom Gale explore where distributors have the most leverage, and where their common gaps are.
September 1, 2023
July U.S Construction Spending Up 0.7% from June, 5.5% YoY
Construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1.97 trillion.
Data: 2Q North America Robot Orders See Major Decline
Drawbacks in robot orders are exacerbated by the slow economy and high interest rates, according to the Association for Advancing Automation.
NAW Voices Opposition to DoL’s Proposed Overtime Rule
The rule would raise the salary threshold for guarantee overtime pay from its current $35,668 to $55,000 and include a future provision.
Wajax Acquires Ontario’s Beta Fluid Power & Beta Industrial
It's the distributor's second deal in as many months, further boosting its Industrial Parts and Engineered Repair Services business units.
NSI Industries Appoints HVAC Leader
As HVAC Division President, John MacQuarrie will be responsible for growing the division including the Duro Dyne and SUPCO brands.
August Manufacturing PMI Posts 2nd Straight Increase
While in contraction territory for a 10th straight month, a handful of key subindexes trended positive vs. July.
