Among other cuts, the company says it is reducing flights and closing 90 office locations after projecting major revenue shortfalls.
Simultaneously, the company’s current supply chain leader will transition responsibilities ahead of his planned retirement.
The partnership places an F550 Fuel Cell Prototype Chassis Work Truck in service with Ferguson’s daily fleet operations for six months.
The St. Louis-based company said fiscal 2022 second-quarter sales rose to $1.86 billion for the period ending July 31.
It may signal a return to typical demand patterns after two years of solid gains driven by foreign investment.
Karen Colonias will continue as CEO through the end of 2022.
The video series documenting the human stories of distribution leaders and their workforce aired the first episode of its second season Sept. 8, featuring plumbing distributor First Supply.
It adds approximately $200 million in revenue and 900 employees to Timken.
Darin Patrizi and Micah Carlton both bring over 20 years of relevant experience to their new roles at Summit.
The fasteners, MRO and safety products distributor has new leaders CIO and leaders for HR and process management and automation.
Exiger noted that the SaaS supply chain management market is expected to grow to $19.8 billion by 2025.
UnleashWD is unveiling a series of free new reports on the future of distribution, with the first one focusing on leadership. Get the details here.
