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Quarterly MDM-Baird Distribution Survey

Are Smaller Distributors Seeing Recession Signs Yet?

Large distributors have voiced considerable optimism amid all the economic concern. Do smaller firms feel the same way?

August 3, 2022

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In a 

July 25 Premium blog

, I recapped notable commentary from major industrial distributors Fastenal and MSC Industrial Supply from their recent quarterly earnings calls with analysts, in which both firms said that, while they saw signs of end market "softening" demand in June and July, they remain staunchly optimistic about selling conditions in the second half of 2022. In fact, PVF supplies distributor MRC Global actually raised its outlook for the remainder of the year, as did MRO products giant W.W. Grainger

after a robust second quarter

. OK, well, that’s great for the big guys, who have…

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