We share commentary from the newest Baird-MDM Industrial Distribution Survey that highlights the issues viewed as most worrisome in the year ahead.
Major distributors and manufacturers continue to raise their full-year outlook after better-than-expected 2Q results and persistent demand.
As evidenced by the latest round of quarterly earnings reports, some industrial distributors and manufacturers still see year-to-year growth.
The online retail giant, which doesn’t break out Amazon Business sales in quarterly earnings reports, said overall net loss was $2 billion in 2Q.
The opening comes as Southwire expands its business following the acquisition of Topaz Lighting Corp. in December 2021.
In the latest earnings reporting period for publicly-traded companies, these distributors and manufacturers reported strong sales figures.
It’s part of the toolmaker’s plan to save $1.5 billion in three-year cost savings while shifting resources and reprioritizing investments.
The company plans to make its first-ever drone delivery on Aug. 9, on a three-mile flight from one facility to another.
Ahead of a potential economic slowdown, we asked distributors whether they plan on adjusting inventory for the second half of 2022 and into 2023.
The company says the facility, located in Cincinnati, Ohio, will increase the company’s capacity by about 200%.
For the second quarter of 2022, Genuine Parts Company reported record sales of $5.6 billion, a 17% increase over the same period a year ago.
Jon Bridge will join Rivet|MRO from Crescent Electric Supply, where he served as the 3M strategic accounts specialist.
