QuickTake: Protect Your Pricing & Profit
James Dorn joins MDM’s Tom Gale to bust the myth of not being able to grow both top-line revenue and margin in challenging market conditions.
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2023
Sysco to Acquire Distributor Edward Don
The acquisition of foodservice equipment distributor DON will add new capabilities and diversified offerings for Sysco customers.
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Reports: Middle East Violence Prompts Freight Delays, Supply Chain Concerns
Some global companies have looked to restructure supply chains in an effort to avoid potential dangers caused by the Israel-Hamas conflict.
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MiddleGround Capital Introduces New Partner
MiddleGround Capital, which invests in lower middle market industrial B2B and specialty distribution companies, has made Christopher Speight Partner.
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Tech as a Teammate: How to Use Automation to Lighten the Sales Load
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Report: Automaker Says it has ‘Reached Our Limit’ on UAW Offer
Ford said the company couldn’t offer more without harming its future prospects after union employees recently expanded UAW’s strike.
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PPI Increases 0.5% in September
More than 40% of the September increase in prices for final demand goods can be traced to a 5.4% rise in the index for gasoline.
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Emerson Electric Closes National Instruments Acquisition
The $8.2B deal increases Emerson’s end market exposure in discrete markets, which will be Emerson’s second largest industry segment.
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Sherwin-Williams Elects Next CEO
The Board of Directors elected Heidi G. Petz to serve as the next Chief Executive Officer, effective Jan. 1, 2024.
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Fastenal Names New Executive VP of Operations
The company appointed Anthony P. Broersma as the Executive Vice President-Operations, effective on October 11.
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HARDI Distributors Report 4.5% Revenue Increase in August
The annual sales growth for the 12 months through August 2023 was 5.7%, according to HARDI.
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Fastenal’s 3Q Sales & Profits Decelerate Amid Softer Demand
For the third quarter, the company reported more than $1.84 billion in net sales, a 2.4% increase over the same period in 2022.
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Truck Inspection Delays at US-Mexico Border Stalls Trade
An inspection initiative has created “significant reductions in the export volumes of different products from Mexico to the United States.”
Truck Inspection Delays at US-Mexico Border Stalls Trade Read More »
Ferguson Posts Progress on ESG Strategy
Industrial supplies distributor Ferguson held absolute emissions steady against its increasing revenue in fiscal year 2023.
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DPA Buying Group Partners with Federated Auto Parts
DPA Buying Group’s alliance with Federated Auto Parts will create new distribution opportunities for DPA’s preferred suppliers.
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Kimball Midwest Marks Grand Opening of Connecticut Distribution Center
Industrial supplier Kimball Midwest’s Newtown Distribution Center serves customers in the northeastern region.
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How Changing Demographics Are Killing Profits
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Sonepar Canada Acquires Accu-Flo Meter Service
On Oct. 5, electrical distributor Sonepar announced that its wholly-owned Canadian subsidiary — Sonepar Canada, Inc. — has entered into an asset purchase agreement with Accu-Flo Meter Service Ltd. for its electrical manufacturing and assembly services division. Sonepar said it will integrate the new business into Gescan, a division of Sonepar Canada Inc., and rebrand
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September Construction Backlog Indicator Drops
Despite rising project financing costs, contractors report lofty backlog, rising employment, expanding sales and stable profit margins.
September Construction Backlog Indicator Drops Read More »
Performance Foods Starts Operations at Virginia Facility
Foodservice distributor Performance Food Group Co. started operations at its 332,000-square-foot distribution center in Richmond, Virginia.
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