To improve lead time accuracy, Border States electrical supplies distributor will implement a AI-based prediction tool.
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While sales growth slowed sequentially, it was another record quarter for the electrical and industrial supplies distributor.
Growth in DEWALT and Engineered Fastening was more than offset by lower infrastructure volume and "muted consumer and DIY demand."
Lawson has acquired S&S Automotive, an auto and industrial parts supplier based near Chicago.
The company noted that volume declined year-over-year in all three of its business segments.
The building materials distributor saw healthy year-over-year and sequential improvements in gross margin.
Sales sequentially decelerated further amid what the company cited as economic softness and lower market demand.
That's down from 5.1% in 4Q, as Global's 2Q23 acquisition of Indoff Inc. continued to inflate its year-over-year results.
The company's largest segment saw organic sales fall 1.5% in the Americas, though operating profit saw a healthy improvement.
The company also is acquiring a 13-branch distributor in France.
Two automotive parts makers have merged to diversify the customer base for their precision machined parts and flow- and cold-formed products.
The distributor’s organic sales topped expectations and the company continues to grow its automation presence.
The HVACR distribution giant also detailed its ongoing technology transformation.
The rule is set to increase the current salary threshold for overtime pay exemption by 65% at the start of 2025.
The rule will go into effect 120 days after entered into the Federal Register, though it's expected to meet stern legal opposition.
Two VPs from fasteners distributor and manufacturer Optimas Solutions discuss personally-vetted supply chain management strategies for OEMs.
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Wisconsin-based tool manufacturer Snap-on posted 1Q24 sales of $1.18 million, a modest organic sales decline.
Motion continued to see sales growth and strong renewal rates with corporate account customers, which comprise about 45% of business.
