A look at the legislative status of bi-partisan bill American Innovation and Manufacturing Act of 2019, its potential industry impacts—including whether or not states will act to pass legislation on their own — and the bill’s chances of reaching President Trump’s desk.
Already a growing strategy for larger global firms, small- to mid-size distributors can benefit the business by bringing HR into overall company planning. Distributors can start by rethinking the HR department label, bringing HR into safety initiatives, ensuring the right leaders are in place and embedding employee relations into recruitment and selection.
The 4Q19 Baird Industrial Distribution Survey reveals a high percentage of companies that are focused on revamping their sales processes for the year ahead. They will invest more in skills training, improve digital marketing efforts and increase outside sales coverage.
Distributors can pique interest in wholesale distribution jobs, especially during a tight labor market, by getting a handle on workforce dynamics, taking time for introspection, examining the stigma of manual labor, focusing on career-long ROI and creating women-focused initiatives.
Distributors posted aggregate revenue growth (excluding acquisitions) of 0.8% during the fourth quarter of 2019 — below the 1.9% growth originally forecasted for the quarter, according to the latest Baird Industrial Distribution Survey, conducted in partnership with MDM. Growth decelerated 160 basis points versus the previous quarter, continuing the recent trend of sequentially moderating growth.So, what are distributors going to do about it?