During a recent podcast, Summit Electric’s Sheila Hernandez and MDM’s Tom Gale talk about the evolution of marketing in electrical distribution, as well as how having the right analytics is just half the battle when moving a company forward.
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An annualized growth rate of 10.6% accelerated across industrial and construction distributors during the first three months of 2022.
At 19, Bearing Service, Inc. President Doug Savage unexpectedly took over the distribution company his grandfather started. In a new MDM podcast, Savage talks about his passion for education, his early adoption of the Entrepreneurial Operating System, the opportunities for independent distributors ahead and his many leadership roles across a 47-year career.
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The Census Bureau says the international trade deficit was $125.3 billion in March, up from $106.3 billion in February.
Amid digital expansion, many distributors grew apart from customers during the pandemic. Fastenal did the opposite. In a new MDM Podcast, Mike Hockett and Dan Florness discuss how the company continues to grow closer to its customers.
Distribution leaders have played a mostly reactive role as conduits for products and services — but more are now taking on proactive approaches as facilitators and value creators. In a new MDM podcast, Tom Gale and Dirk Beveridge talk about how evolving leadership dynamics are changing the industry.
Privately‐owned housing units authorized by building permits last month approximately 1.87,000, 0.4% above the revised February rate.
The rising cost of energy sent wholesale prices up a record 11.2% last month, according to the U.S. Bureau of Labor Statistics.
The outlook for 2022 remains bright, but government efforts to restrain inflation, global instability and continued supply chain challenges seem to shift the variables almost daily.
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Heating, Air-conditioning & Refrigeration Distributors International released its monthly report, showing 25.1% average annual sales growth.
American Supply Association members who responded to a survey said median sales increased 27% in February versus the same month a year ago.
After 9 straight monthly increases, new orders decreased $2.7 billion, or 0.5%, to $542 billion, according to Census Bureau data.
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The personal consumption expenditures index, which is monitored by the Federal Reserve, jumped 6.4% in February.
A new estimate from the Bureau of Economic Analysis says real gross domestic product increased at an annual rate of 6.9% at the end of 2021.
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This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
Spreading the notion that distribution isn't desirable makes it harder for companies to enact strategic changes and attract workers. It's also just not true. Here's how companies can promote their industry and win the talent war.
