Here’s an interesting look at the dollar by Reuters, which it says has risen to a two-year high versus the Euro and five-year high to the British pound. The greenback is up about 18% since July against a basket of currencies.
The result: Multinationals are predicting that earnings will fall. Companies that source from Europe or other places where the dollar was weak may see a positive benefit in lowered costs.
One gas measurement and control equipment distributor, Equipment Controls Co.,Norcross, GA , is one of those benefiting from lower sourcing costs. The distributor sources …
Here’s an interesting look at the dollar by Reuters, which it says has risen to a two-year high versus the Euro and five-year high to the British pound. The greenback is up about 18% since July against a basket of currencies.
The result: Multinationals are predicting that earnings will fall. Companies that source from Europe or other places where the dollar was weak may see a positive benefit in lowered costs.
One gas measurement and control equipment distributor, Equipment Controls Co.,
Read the latest articles and see your reports.
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
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.
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.
Wholesale distribution news and trends delivered right to your inbox.
Sign-up for our free newsletter and get:
