The 2020 Mid-Year Economic Update_long



Breaking news in Wholesale Distribution


Winsupply Breaks Ground on Richard W. Schwartz Center for Innovation

Winsupply Inc., Dayton, Ohio, broke ground Wednesday on the future home of the Richard W. Schwartz Center for Innovation, a facility that will also be the new home of Winsupply of Dayton.

Research & Analytics

Pandemic Revenue Index Shows Nice Gain in Non-Holiday Week

Indian River Consulting Group’s weekly PRI for the work week of Sept. 14-18 indicated a sales increase of 4.9% versus the same week in 2019, which is the largest increase outside of a week distorted by a holiday.


SKF Invests in North America Manufacturing Footprint

Swedish bearings manufacturer SKF said it will pour $39.3 million into expanding and automating processes at the group's factory in Sumter, South Carolina.


Veritiv Names Salvatore Abbate CEO

Other C-suite moves at Veritiv include the retirement of Mary A. Laschinger, current chairman and CEO, and the appointment of Stephen E. Macadam as chairman of the board.

United Rentals

United Rentals Announces Departure of Chief Commercial Officer

Paul McDonnell will step down from United Rentals; his duties will be handled by COO Dale Asplund.

CFNAI August
Research & Analytics

Chicago Fed National Activity Index Declines to +0.79 in August

Latest Chicago Fed National Activity Index (CFNAI) shows that two of four broad categories of indicators used to construct the index made positive contributions in July, but all four categories decreased from July.

Stack of new wooden studs at the lumber yard

Hammond Lumber Company Announces New Senior Leadership Team

Fourth-generation, family-owned Maine company makes internal promotions within senior leadership team and adds several new roles.

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 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.