Tom Gale chats with Max Meister, the CEO of Germany-based power transmission products distributor Ludwig Meister, a family-run company that took an inside-out journey to transform its operations over the past decade.
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S7E5: The State and Benefits of Product Data Standardization
In this MDM Podcast, our analytics manager interviews ETIM North America Executive Director Mary Shaw, who provides expert insight into the current state of data standardization for manufacturers, distributors and end users. The discussion explores the benefits of standardizing product data and taking the next step into your data journey.
S7E4: Fragmentation isn’t Just Sector-Wide, it’s Within Each Market
We all know the distribution sector is highly fragmented, but to what extent? A chat with McKinsey partners Alex Abdelnour and Kevin Sachs dives into the state of fragmentation within various markets and the factors that separate leading distributors from laggards.
S7E3: The Evolving Role of Associations & Buying Groups
Ranga Bodla, NetSuite’s head of Industrial Marketing, stops by to discuss how the role of distribution associations and buying groups has evolved over the past decade — particularly from 2020 onward — and his company’s newly-launched initiative to better support those groups with education and networking opportunities.
Quicktake 07.22.22: Innovation from Major Deals Challenges PE Playbook
Mike Marks and Tom Gale explore the impact of recent landmark acquisitions and how the mission of strategic deals runs counter to that of private equity.
S7E2: What Sustainability Looks Like at Ferguson
Ferguson’s Vice President of Sustainability discusses the plumbing, PVF and waterworks distribution giant’s bold emissions reduction goals and what it will take to reach them, as well as Ferguson’s now-completed primary listing move from the London Stock Exchange to the New York Stock Exchange and what it means for the company.
Sponsored by Epicor
Quicktake 07.15.22: Distributors’ Strong Growth Persists Despite Contrary Noise
Our latest QuickTake podcast focuses on the importance of maintaining perspective and paying attention to actions and tangible data, rather than taking broad economic downturn talk at face value.
S7E1: Successful Customer Engagement Strategies
Monique Elliott, Senior Vice President, Global Marketing, Industrial Automation for Schneider Electric, explores successful customer engagement strategies in an increasingly distracted world. Not only crafting an effective customer experience – digital and otherwise – but as importantly how to help your own team overcome the internal challenges and develop a digital-first mindset and culture.
Quicktake 06.24.22: Transparent Communication vs. The Grapevine
Communication was the central topic in the latest Quicktake podcast featuring MDM’s Tom Gale and IRCG’s Mike Marks, as the two dug into what transparency really means.
Quicktake 06.17.22: VUCA Revisited – Focus on the Important
VUCA, unfortunately, has become a well-known acronym among business leaders since early 2020. MDM’s Tom Gale and IRCG’s Mike Marks explore where things stand as a swath of pessimistic economic reports have fueled even more volatility, uncertainty, chaos and ambiguity.
Quicktake 06.03.22: Economic Forecast and A Popcorn Shortage
The latest on the outlook for second half of the year for distributors, ways to manage inventory and inflation volatility, and a popcorn shortage. In this weekly review of current events and themes in distribution channels, Tom Gale & IRCG’s Mike Marks cut through the noise to share thoughts on what’s important, what’s not, and a peak around the corner on what really matters in creating value for customers.
S6E18: NAHAD Ensures its Hard Working Members Get to Play Hard
During the recent NAHAD Convention May 14-17 in Miami Beach, MDM Editor Mike Hockett was able to sit down with NAHAD Executive Vice President Molly Mullins for an interview to discuss the key factors that went into planning this year’s event, why members like attending it and being a part of the association, as well as how those members are handling market challenges.
S6E17: Distribution Marketing Insights with Sheila Hernandez
Summit Electric’s Vice President of Marketing and Supplier Relations Sheila Hernandez’s latest role in leading the company’s marketing efforts includes category management, supplier relations, digital presence and customer lifecycle. We talk marketing plus her contributions to the industry over 35 years with her generous leadership and mentorship.
S6E16: The Power of Independent Distribution
At the age of 19, Doug Savage, President of Bearing Service, Inc., unexpectedly took over running the distribution company his grandfather started. In this podcast, Doug talks about his passion for education, his early adoption of the Entrepreneurial Operating System, the opportunities for independent distributors ahead, and his many leadership roles across a 47-year career.
Sponsored by Epicor
S6E15: The Mandate for Hybrid Sales Models in Distribution
Gartner’s Maria Boulden, Mike Marks of Indian River Consulting Group and Tom Gale tackle all things sales transformation: Massive shifts in customer buying behavior, digital-first go-to-market strategy, supplier partnerships and the new sales skills needed to compete, including situational awareness, data literacy and digital dexterity.
S6E14: From its Expo, We Go Inside Fastenal With Dan Florness
Fastenal CEO Dan Florness and MDM Editor Mike Hockett chat from the company’s recent Fastenal Expo about the company’s considerable digital growth and how it’s continued to find ways to become closer with its customers. We also touch on Fastenal’s manufacturing capabilities, how the company is addressing labor and lessons learned from the pandemic.
Sponsored by Epicor
S6E13: Redefining Leadership in Distribution
Dirk Beveridge, founder of UnleashWD and executive producer of We Supply America, and Tom Gale talk about research into the changing nature of leadership post-Covid. We also touch on Dirk’s mission of telling the stories of wholesale distribution teams across America – the spirit, the heart, the humanity of what has built the strongest and most resilient economy in the world.
S6E12: Perspectives on Canadian Jan-San distribution channels
Tom Fournier, president of Shade’s Mills Group, a sales strategy consultancy based in Cambridge, Ontario, shares insights from a career managing sales channels in Canada and the U.S. with an international jan-san products manufacturer. Topics discussed include unique sales coverage characteristics of Canadian markets, and recent shifts as the sector has commoditized and targeted by Amazon Business and other non-traditional competitors.
S6E11: Channel dynamics, the value of distribution, sales and leadership
Chester Collier, Walter Senior Vice President, shares four decades of international sales management and business development experience across industrial distribution channels. Collier is deeply passionate about the value of distribution and leadership. We discuss the current state of channel dynamics and ways in which sales management has and has not changed in the face of rapid change the past few years.
S6E10: Sales transformation 101 with Mike Marks
IRCG’s Mike Marks talks with Tom Gale about core elements of sales transformation, distilling six years of research from distributors innovating their sales process to a more profitable model. We preview our virtual Sales Transformation Bootcamp series this spring and outline the three keys to successful sales transformation: Benchmark current state, rethink the process, execute the change.
S6E9: Global Industrial CEO Barry Litwin on 2021 financials and strategy update
Global Industrial is investing in key strategic initiatives, in sales, marketing, private brand, digital transformation and distribution, that they believe will drive sales, including its new NASCAR partnership. Litwin discusses 2021 financial performance, the critical importance of B2B e-commerce to Global’s strategy, and where the industry is headed in 2022.
S6E8: John Gunderson, EpaCube Vice President, on growth levers in 2022
We catch up with John Gunderson to learn what he’s hearing on how 2022 is shaping up and ways executive teams are managing inventory, pricing, margin expansion, digital and more. With a 20-year career in distribution sales and marketing, John has one of the most extensive networks across distribution verticals, including electrical, datacom, general-line MRO and construction supplies.
S6E7: Tony Pericle, ProfitOptics CEO and founder, on the power of analytics for distributors
Tony Pericle started in distribution sales 204th out of 207 sales reps. Three years later he ranked in the top 25. After increasing sales, marketing and margin management leadership roles, he formed ProfitOptics in 2008 and has been passionate about how distributors can use analytics and technology to make better decisions. We discuss prescriptive analytics, AI, workflow automation, profit optimization and more.
Investment Banking Directory
The MDM Investment Banks in Distribution directory is a listing of firms with expertise in the wholesale distribution industry.