Distributors and manufacturers alike are facing similar challenges when it comes to attracting and retaining the right employees for their organization. Issues include the growing cost of wages, a shortage of available qualified laborers and an aging workforce.
In MDM’s 2019 Market Trends survey, we asked the industry to share what’s on your mind as we head into 2020. The start of a new decade is carrying some old concerns with it, namely challenges surrounding retention and acquisition of talent, updating and taking advantage of evolving technology and the possibility of dealing with an economic downturn.
Distribution companies are increasingly hearing about the digital transformation imperative for a reason. Making the technology investment is no longer optional. As explained in presentations at MDM’s 2019 Digital Distributor Summit, commoditization, competitive innovation and changing market dynamics are combining to forever alter the distributor’s traditional value proposition.
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