The 2020 Mid-Year Economic Update_long

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Breaking news in Wholesale Distribution

Avnet
Leadership

Avnet Names Phil Gallagher CEO

Gallagher, who has been with Avnet for 37 years, had been serving as interim CEO since August

CFNAI October 2020
Research & Analytics

Chicago Fed National Activity Index Improves to +0.83 in October

Latest Chicago Fed National Activity Index (CFNAI) shows that three of four broad categories of indicators used to construct the index made positive contributions in October, and three of the four categories increased from September.

MSC Industrial office building
Leadership

MSC Industrial Supply Names VP for Cross-Channel Growth

Industrial distributor appoints Mark Pickett to newly created role for “leading and driving a consistent brand experience for customers across all of MSC’s platforms and channels.”

Protective Industrial Products Inc.
Operations

Protective Industrial Products Adds Bolt-On PPE Supplier

PE-backed PPE manufacturer Protective Industrial Products Inc. has bought Primax Manufacturing & Trading Inc., a maker of safety gloves and other protective clothing.

IRCG-Pandemic-Revenue-Index-Nov-09-Nov-13-2020
Research & Analytics

Pandemic Revenue Index Slips 2.2%

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 9 to Nov. 13 indicated an 2.2% decrease — but will more lockdowns further drag revenues in the coming weeks?

Beacon 4Q 2020
Operations

Beacon Roofing Supply Sales Down 2.3% in Fiscal 2020

Building materials distributor Beacon Roofing Supply also reported that fourth-quarter revenue of $2 billion marked a 0.6% decline from the same period in 2019.

ABC Supply
Leadership

ABC Supply Opens Location in Quincy, Mass.

Joe Camara, who has been with the company since 2007, will manage the building materials distributor’s newest location.

residential construction October 2020
Research & Analytics

Residential Building Permits Up 2.8% in October

Housing starts also up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau.

U.S. cutting tool consumption
Research & Analytics

U.S. Cutting Tool Consumption Down 20.5% in September

Latest report shows U.S. cutting tool consumption up 14.7% from previous month of August, while year-to-date total is down 23.1% from same period of 2019.

Lowe's store and logo
Operations

Lowe’s 3Q Sales Spike 28.3%

Lowe’s also posts a profit of $692 million as the company continues to ride the wave of home improvement growth amid the COVID-19 pandemic.

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