MDM Forecast: Back to Normal After 2023 Wholesale Revenue Dipped Below $8T

The final wholesale trade data is in for 2023, and as expected, it showed a modest annual decrease for overall revenues. And based on the latest MDM Forecast, the sector finally appears back on a “normal” track after four years of disruption and correction. Tabulating 2023’s final revenue figures for U.S. wholesale distributors, the sector saw revenues total $7.903 trillion — dipping back under its high-water mark of $8 trillion set in 2022. It was a 1.6% annual decrease in 2023, which has been reflected in most of January and February’s quarterly financial reports from publicly-traded…