Consumption also increased 4.1% year-over-year, rebounding from December’s declines.
Respondents indicated staffing remains their top challenge — though weakening — and that new recent regulations will take significant time and costs to understand and comply with.
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It followed a sizeable jump in January, reflecting broad weakened industrial demand.
Following his three-part article series, we had John Gunderson on the podcast for a deeper dive into Fastenal’s move from a company dependent on a nationwide branch network to one that emphasizes embedded customer service.
With 2023’s final wholesale trade numbers accounted for, see how the sector fared compared to previous years, and our latest 2024-2025 revenue expecations by industry vertical.
The Association for Manufacturing Technology said December’s figures outpoerformed “even the best of expectations.”
Distributors won’t be able to pass along price increases in 2024 at nearly the rate of 2021-2023. So, the 4Q23 Baird-MDM Survey asked distributors how they see supplier pricing impacting gross margin.
Using charts from our 4Q23 Baird-MDM Survey conducted in the first half of January, we illustrate what this year’s sales growth expectations are for distributors across five key customer end markets.
Find a wealth of data and analysis extracted from the 4Q23 Baird-MDM Industrial Distribution Survey, including trending charts and figures for revenue and expectations, plus plenty of interesting commentary.
January’s figure still indicated contraction for a 14th consecutive month, but at a much slower pace than almost all of 2023.
Fed Chair Jerome Powell suggested that a rate cut issued at his committee’s March 19-20 meeting is unlikely.
