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Quarterly MDM-Baird Distribution Survey

Data: Distributors Working Though Overstock Amid Slowdown

Mike Hockett examines where wholesale inventory levels are at today, where they are headed and MDM's latest data on just how big of an issue excess inventory may be entering 2024.

By Mike Hockett

October 24, 2023

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I recently attended the Power Transmission Distributors Association’s 2023 Industry Summit in Fernandina Island, Florida, where I was curious to hear what the biggest challenge is for member distributors and manufacturers heading into 2024. While the most common things I heard weren’t surprising — talent recruiting/retaining, supply chain management, and increasing operational efficiencies — it was interesting to hear how many conversations brought up the topic of inventory. Excess inventory, to be specific, and distributors’ apparent need to reduce it amid a demand slowdown across most of…

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