The 2020 Mid-Year Economic Update_long



Breaking news in Wholesale Distribution

Research & Analytics

Pandemic Revenue Index Shows 4.3% Jump

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 23 to Nov. 27 indicated an increase; it could be related to the holiday, but nevertheless it marked the biggest sales growth since July.

Grainger Warehouse

Grainger Announces CFO Change

Distributor appoints Robert O'Keef to interim CFO following the decision by Tom Okray to step down and join another publicly traded company.


MSC to Relocate Long Island Customer Support Center

Pandemic sparks MSC Industrial Supply to move to a smaller facility that’s also closer to its co-headquarters town of Melville, New York.

Belt Power acquires Rubber Service

Belt Power Acquires Rubber Service

Rubber Service’s owner, Lou Siemer, will continue to lead the new branch for Belt Power, a portfolio company of Shorehill Capital LLC.

Shingle & Gibb

Graybar Acquires Shingle & Gibb Automation

Electrical distributor says the addition of Shingle & Gibb will strengthen its position in industrial automation and control.

Home Depot Distribution Centers

The Home Depot to Open Two DCs in Newark Area

With addition of two distribution centers, home improvement giant The Home Depot will bring 400 jobs to the tri-state area.

US LBM acquires Ridgefield

US LBM Acquires Connecticut’s Ridgefield Supply

Addition of building materials distributor will strengthen US LBM’s presence in the New York metropolitan tri-state area.

Brady Industries

Brady Acquires Memphis JanSan Distributor

Company’s latest addition is Topmost Chemical & Paper, a Memphis, Tennessee-based distributor of janitorial supplies and equipment.

Amazon Las Vegas

Amazon Announces Huge Expansion in Nevada

Online giant is bringing eight new sites, including an 855,000 square-foot fulfillment center in North Las Vegas, to the Silver State.

Air Products

Air Products Appoints SVP and Chief Information Officer

Air Products’ latest executive appointment, Brian Galovich, will report to Seifi Ghasemi, the company's chairman, president and CEO.


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