Free 2024 Mobile Engagement Guidebook for Distributors

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Commentary: Successful Habits Often Start with a Small Step in the Right Direction

Commentary: Successful Habits Often Start with a Small Step in the Right Direction

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? Lately, I’ve been reading articles and listening to podcasts on the topic of what it takes to build successful habits and keep them going for the long term. In addition to […]

The ABCs of Average Order Value Growth

The ABCs of Average Order Value Growth

Distributors have flocked to e-commerce, but many are now realizing that online sales requires something a bit more strategic than a “if you build it, they will come” model. Fortunately, for distributors who are looking for ways to maximize their e-commerce revenue, there’s a simple formula they can use, built around three common metrics: Sessions […]

Real U.S. GDP Increases 6.7% in 2Q According to ‘Third’ Estimate

Real U.S. GDP Increases 6.7% in 2Q According to ‘Third’ Estimate

Real gross domestic product (GDP) increased at an annual rate of 6.7% in the second quarter of 2021, according to the “third” estimate released Thursday by the Bureau of Economic Analysis. In the first quarter, real GDP increased 6.3%. The “third” estimate of GDP released today is based on more complete source data than were […]

Advance Report: New Orders for Durable Goods Up 1.8% in August

Advance Report: New Orders for Durable Goods Up 1.8% in August

New orders for manufactured durable goods in August increased $4.6 billion, or 1.8%, to $263.5 billion, according to the U.S. Census Bureau. This increase, up 15 of the last 16 months, followed a 0.5% July increase. Excluding transportation, new orders increased 0.7%. Excluding transportation, new orders increased 0.2%. Excluding defense, new orders increased 2.4%. Transportation […]

Summit Hydraulics Locks-Up PE Investment from North Branch Capital

Summit Hydraulics Locks-Up PE Investment from North Branch Capital

Private equity firm North Branch Capital has made an investment in Phoenix-based Summit Hydraulics. The companies didn’t disclose the amount of the investment. Summit is a designer and distributor of aftermarket hydraulic kits and components for the agricultural and construction end markets, among other vertcals. “North Branch’s growth-oriented mindset and track record of scaling industrial […]

Summit Hydraulics Locks Up PE Investment from North Branch Capital

Summit Hydraulics Locks Up PE Investment from North Branch Capital

Private equity firm North Branch Capital has made an investment in Phoenix-based Summit Hydraulics. The companies didn’t disclose the amount of the investment. Summit is a designer and distributor of aftermarket hydraulic kits and components for the agricultural and construction end markets, among other vertcals. “North Branch’s growth-oriented mindset and track record of scaling industrial […]

Unilog Bows E-Commerce Ecosystem Program

Unilog Bows E-Commerce Ecosystem Program

B2B e-commerce vendor Unilog recently launched its partner ecosystem that’s targeted at value-added resellers (VARs.) Unilog, which is headquartered in Wayne, Pennsylvania, rolled out the ecosystem on Sept. 1 Deployments of e-commerce platforms by B2B distributors ramped up during last year’s pandemic as customers sought more online solutions for their buying needs. Unilog’s ecosystem includes […]

7 Steps to Offset the Distribution Labor Shortage

7 Steps to Offset the Distribution Labor Shortage

Relief from labor shortages doesn’t appear to be in sight. A recent National Association for Business Economics report reflects business economists’ low expectations in terms of recovery for the labor shortage. Just 6% of those surveyed believe the shortage will improve by year’s end. Ten percent expect it won’t improve until 2023 and beyond. And […]

Synnex Down 1.9% in 3Q

Synnex Down 1.9% in 3Q

On Tuesday, Synnex Corp., Fremont, California, (SNX) on Tuesday reported fiscal third-quarter sales of $5.2 billion, down 1.9% from the prior fiscal third quarter. In the third quarter, Synnex’s net income of $94.7 million increased by 10.5% over the same quarter a year ago. “Results were consistent with expectations as ongoing industry-wide supply chain shortages […]

United Natural Foods Down Slightly in 4Q

United Natural Foods Down Slightly in 4Q

United Natural Foods Inc. (UNFI), Providence, on Tuesday reported fiscal fourth-quarter net sales of $6.7 billion, a decrease of 0.5%  from the same quarter a year ago. The organic and specialty foods distributor reported net income of $43 million in 4Q, a decrease of 18.9% from a year ago. For fiscal 2021, UNFI posted net sales […]