The 2020 Mid-Year Economic Update_long

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cutting tool consumption
Research & Analytics

U.S. Cutting Tool Consumption Drops 30.6% in July

Latest report shows U.S. cutting tool consumption down 8.5% from previous month of June, while year-to-date total is down 21.2% from same period of 2019.

EPTDA
Leadership

EPTDA AGM Appoints Board of Directors, President for 2021/22

EPTDA — the executive association for industrial distribution distributors and manufacturers across Europe, the Middle East and Africa — this week announced the appointment of its new 2021/22 board of directors and president, effective 1 October 2020.

IRCG Pandemic Revenue Index September 7-11, 2020
Research & Analytics

Tough Labor Day Comp Sinks Latest Pandemic Revenue Index

Distributor sales drop 12.7% for the week of Sept. 7-11 due to the Labor Day holiday falling within that time frame, according to the latest Indian River Consulting Group PRI.

US LBM new location
Operations

US LBM Expands in Connecticut with New Roofing and Siding Location

Building materials distributor US LBM grows product offering and reach in New England with new branch in Manchester, Connecticut.

Stock'd Supply rebrand
Sales & Marketing

Distributor Bolts & Nuts Rebrands as Stock’d Supply

The new Stock’d Supply brand offers an entire suite of services from custom precision machined components to MRO to safety products.

trade sales and manufacturers’ shipments and inventories
Research & Analytics

Manufacturing and Trade Shipments Down in July

The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments and inventories for July was down 1.2% from last year.

Industrial Production August 2020
Research & Analytics

Industrial Production Rises 0.4% in August

According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 1% during the month; industrial production was still 7.3% below its pre-pandemic February level.

3M
Operations

3M’s August Sales Up 2%

3M reports that sales increased 4% in the Americas and 7% in EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.

The NEFCO Corp.
Operations

NEFCO Opens Central New York Location

Industrial distributor The NEFCO Corp. announced the opening of a new location in Syracuse, New York, to further support and service the professional contractor trades in Central New York

Young man calling with headset. Online lesson. Customer support
Trends Report

A Pandemic Operating Manual

Thirteen lessons from distributors who are finding the silver linings in COVID-19.

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