Southwire will relocate nylon cable tie production to Honduras, and its lifts and welding tools production to third-party manufacturers.
Electrical
Article
Shorehill Capital Sells Power Grid Components to Blackstone
Bessemer, Alabama-based PGC is a distributor of air-break switches, insulators and instrument transformers.
Earnings
Article
Core & Main 3Q Sales Tick Up, but Mostly Flat
Waterworks and industrial supplies distributor Core & Main’s 3Q earnings increased 0.5% due to acquisitions offset by lower end-market volumes.
Modest year-over-year increases in the previous quarter moved to declines in the company’s 2024 first quarter, including a 4.9% organic revenue decline year-over-year.
Construction
Article
October U.S. Construction Spending Up 0.6% from September
Spending was up 10.7% year-over-year, with nonresidential constuction up 20% from a year earlier.
Manufacturing
Article
UAW Strike Cost Big 3 Automakers $3.6B in Combined Lost Profit
We detail just how much of a hefty sum the six-week strike will cost GM, Ford and Stellantis each in lost profit and revenues.
Paper Products & Packaging Distribution
Article
CD&R Completes $2.3B Acquisition of Veritiv
CD&R advisor and White Cap CEO John Stegeman becomes chairman of Veritiv upon the transaction closing.
Economic Trends
Article
November PMI Holds as Less Production Offsets More Orders
The figures indicate that demand remains soft and production execution was slightly down compared to October.
Technology
Article
Amazon to Launch ‘Q’ Business Chatbot in Apparent Answer to ChatGPT
Amazon’s incoming generative AI chatbot was built to respond to data analysis queries and questions about supply chain decisions.
Economic Trends
Article
Biden Announces Major Plan to Improve U.S. Supply Chains
Nearly 30 actions were outlined at the first meeting of the Biden administration’s new Supply Chain Resilience Council.
Cybersecurity
Article
Henry Schein Hit Again by Same Ransomware Group
The same bad actor re-encrypted previously stolen sensitive information, apparently just as the distributor had recovered from the initial breach.
Mergers & Acquisitions
Article
Home Depot to Add Contractor Design-Oriented Distributor
Construction Resources will allow Home Depot to expand the capabilities it offers professional contractors, a target market for the retailer.

