MDM has frequently and carefully noted that growth for most distribution sectors is slowing down. Slowing down does not mean sales are declining, just continuing to grow, but at a slower rate. At some point slower could well be a precursor to decline.
We saw a dramatic shift in 2017 and 2018 in the amount of revenue coming through e-business channels for distributors in part due to a lower barrier to entry for smaller companies. Platform costs are less expensive, better product data is available and distributors in general have more know-how around how to use these technologies.