Over 515 attendees gathered for the 2024 AD eCommerce & Marketing Summit to discuss digital and marketing leadership, products and marketing.
Thirty-three major work stoppages began in 2023, the most since 2000 when there were 39, according to the U.S. Bureau of Labor Statistics.
The AI-powered platform is designed for distribution and manufacturing firms to streamline their returns, repairs and warranties management.
The company agreed to 19 acquisitions during 2023, respresenting a total investment of $593 million.
However, the year-over-year sales declines improved throughout the year and were down only 4.7% in the fourth quarter.
It will divest the industrial MRO unit out of Wesco, while considerably bolstering Vallen’s product and services offerings.
A decrease in BlueLinx’s 4Q23 sales reflects a decline in specialty and structural product sales, primarily driven by price deflation.
In 2023, the distributor paid down $160 million of debt and reduced inventory by $100 million while maintaining fill rates above 94%.
CEO Ted Decker noted that 2023 was “a year of moderation” for the DIY and contractor supply retail giant.
It marks the first transaction for Motion since its landmark $1.2 billion buy of Kaman Distribution Group at the start of 2022.
For the sixth consecutive year, an intersection in New Jersey topped the list as the worst truck bottleneck in the U.S.
The pumps and pumping equipment maker saw organic revenue growth slow to 4% in 4Q23, while full-year revenue increased 16% vs. 2022.
