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Purchases by member companies from AD supplier partners were up 9% from 2018.
The average annual sales growth for the 12 months through December 2019 is 5.3%.
The New Orders Index registered 52%, an increase of 4.4%.
Speakers at NAW 2020 Executive Summit: Innovate to Dominate urged distributors who have yet to embrace e-commerce to invest in digital platforms. There is plenty of room for growth in international B2B e-commerce, which is six times larger than the B2C market, noted Alibaba Groups John Caplan.
Members of the National Association of Wholesaler-Distributors (NAW), during the associations Executive Summit in Washington, DC, elected as chairman of the NAW Board of Directors, Douglas W. York, president and CEO of Ewing Irrigation & Landscape Supply.
Amazon.com, Inc. (NASDAQ:AMZ) reported sales net sales increased 20% to $280.5 billion, an increase of 22% compared with 2018. Net income increased to $11.6 billion compared with net income of $10.1 billion in 2018.Â
Winsupply Inc., Dayton, Ohio, has opened Quad Cities Winwater, serving waterworks and utilities contractors in the Quad Cities including eastern Iowa and northwest Illinois.
Ron Port, currently vice president and president of the Infrastructure segment, will become vice president and CCO, metal cutting business segments.
The company reported that organic sales were down 1%.
In the third quarter, real GDP increased 2.1%.
