The Difference Between Recovering and Recovery - Modern Distribution Management

Log In

The Difference Between Recovering and Recovery

Applied Industrial CEO to MDM: 'Recovering' may start to happen by the end of 2010.
I interviewed Applied Industrial Technologies CEO David Pugh at the National Association of Wholesaler-Distributors annual meeting this year. (Part 1 of that interview can be read here.) During our talk, he addressed economic recovery – saying that improvements we have seen so far do not necessarily mean "recovery."
We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.


Pugh said: "I’d like to see it get to at least 5% before I say things are recovering. Recovering and recovery are two different things. We will start recovering, but I think full recovery in my mind is getting back to 2001 levels, not 2006 or 2007."
He said he expects "recovering" to start to happen – maybe – at the end of 2010. "Noticeable recovering" will start in 2011.
Pugh also addressed the impact of government stimulus spending in the interview: "It’s transient spending. I don’t consider that to be anything sustainable. It’s tough to forecast when you have transient spending skewing the metrics … I think (in the first quarter 2010) you’ll see some stabilization, and that will give us a clearer picture of what’s ahead."
The second part of the interview will appear in the Feb. 25 issue of MDM Premium.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.