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Category: Industry Events

How Distributors Can Deliver Digital Self-Service Through Inventory Management

How Distributors Can Deliver Digital Self-Service Through Inventory Management

We all know that COVID-19 forced many distributors to rapidly increase their online presence to meet growing demands from customers for self-service and online product information. This shift to more digital self-service, paired with an increasing demand for remote interaction with sales reps, is the new norm. According to a recent study by McKinsey and […]

Southwire Partners with Copper Mark

Southwire Partners with Copper Mark

Carrollton, Georgia-based Southwire Company, LLC has partnered with the Copper Mark, a sustainability initiative and designation for businesses in the copper value chain. The Copper Mark is an assurance framework that “promotes the responsible production of copper,” Southwire said. The designation is intended to show the copper industry’s contribution to sustainable development and provides a […]

Sonepar Acquires Belgian Company

Sonepar Acquires Belgian Company

Belgium-based electrical distributor and Sonepar Group member Cebeo has acquired Electro Meers, a distributor of electro-technical material also based in Belgium. Financial terms were not announced. The deal is expected to take effect April 1. Electro Meers accounts for an annual turnover of approximately €5 million (USD $5.658 million). The four associates of Electro Meers […]

COVID Fueled Tech Upgrades; Momentum Defines 2022 Expectations

COVID Fueled Tech Upgrades; Momentum Defines 2022 Expectations

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? The post COVID Fueled Tech Upgrades; Momentum Defines 2022 Expectations appeared first on Modern Distribution Management.

Johnson Controls Unveils OpenBlue Indoor Air Quality as a Service Solution

Johnson Controls announced the launch of OpenBlue Indoor Air Quality as a Service. The new offering is the first dedicated “as-a-service” IAQ solution for buildings.

Fastenal Sales Rise 6.4% in 2021

Fastenal Sales Rise 6.4% in 2021

Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota, reported year-end 2021 sales of more than $6 billion, a 6.4% increase over 2020. The company also reported 2021 fourth-quarter net sales of more than $1.5 billion, 12.8% more than during the same period in 2020. Fastenal reported a yearly gross profit of $2.77 billion, with net earnings […]

New Residential Construction Rises Again in December

New Residential Construction Rises Again in December

Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,873,000, 9.1% above the revised November rate, according to data released by the U.S. Census Bureau. The December 2021 rate was 6.5% above the December 2020 rate of 1,758,000. Single‐family authorizations in December were at a rate of […]

Distribution Trends News Roundup: January 2022

HARDI sales up in November; Marcone buys Munch’s; Superior Equipment Sales Inc. offers loyalty program to all customers; HARDI raises Nearly $135K for Housing For Veterans; and APR Supply Co. celebrates its centennial.

Modernizing Channel Relationships: There’s an App for That

Modernizing Channel Relationships: There’s an App for That

An increasing number of digital platforms are emerging across distribution verticals, each with a unique value proposition. One example is a start-up called Factrees, which last month emerged from stealth mode with an AI-powered platform intended to digitally transform and modernize how business partners connect on the selling side in the construction products channel. In […]