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Associations
ISA Launches Digital Platform ‘The Channel’
Created in response to having to cancel ISA's annual convention, The Channel will provide weekly strategic content in an on-demand format.
Mergers & Acquisitions
Mergers & Acquisitions
March 2020 Industrial Supply M&A Recap
Mergers & Acquisitions
Fastenal Buys Assets of Apex Ind. Technologies
Mergers & Acquisitions
HD Supply Postpones Separation; CEO Waives Salary
Operations
Help Your Fellow Distributors by Taking ID's Survey of Operations
Home
US Consumer Prices Slump
It's the largest decline in five years.
Home
Rapid US Economy Recovery Unlikely
There are emerging signs that any recovery will fail to match the speed and severity of the economic collapse that occurred in just a few weeks.
Home
Why Business Relief Has Lagged
The problems range from the technical to the bureaucratic, although the Small Business Administration says it has corrected those on its end.
Home
Protect Idle Facilities During Crisis
Lost revenue isn't the only risk factor facing businesses right now. Idle industrial facilities are prone to losses and other exposures.
Earnings
MSC Industrial: Large Gap Between March Orders and Sales
The company has also withdrawn $300 million from its credit facility to boost its cash flow.
Supply Chain
Bridgestone to Restart Certain Plants April 13
The plans reflect performance trends in several key areas not as severely affected by the current pandemic crisis.
Home
Countries Start Thinking About Easing Restrictions
But, politicians and officials warn that the crisis is far from over, and a catastrophic second wave could hit if countries let their guard down too soon.
Earnings
MSC's Q2 Sales Fall 4.5%
With the quarter ending Feb. 29, it didn't reflect the ramp-up of factory closures across the US that happened during March.
Operations
Genuine Parts Expands Cost Savings Efforts
See the specific actions GPC — the parent company of Motion Industries — has taken to ensure employee safety and efficient business operations.
Company Expansion & Consolidation
Regal Launches Power Transmission App
The new app offers users one source for all bearings-related information needs.
Awards
Barnes Group Donates 6,000 Masks
Barnes Group contributed 2,000 masks each to three local hospitals through a direct donation process.
Economy
Pandemic Index: Distrib. Sales Down 14% Last Week
The latest reading was technically a one-week improvement, but commentary indicates that is due to large back-orders in shipping.
Staffing Changes
Stanley B&D Names New Industrial Head
The segment includes Stanley Engineered Fastening, Stanley Infrastructure and Stanley Oil & Gas.
Operations
Hillenbrand Outlines Temp. Financial Measures
Their CEO is taking a 30 percent pay cut through 2020, salary increases are canceled for all US and Canada employees and capital spending is reduced.
Home
Gov't, 3M Reach Agreement on Masks
President Donald Trump had used his authority under the 1950 Defense Production Act to stop exporting such masks.
Economy
Major Declines in March Fastener Distrib. Index
The index reading tied for its all-time low, while its six-month outlook reading set a new all-time low mark.
Sales
Are You Creating Enough Personal Value?
Relationship building is more than just showing up with donuts.
Home
Small Business Aid Hits Snag
Many small business owners ran into bureaucratic or technological road blocks.
Home
Trump Invokes DPA for Ventilators, Slams 3M
The administration named 3M and six other companies in the DPA, and later lashed out at 3M on Twitter.
Home
SMB Stimulus Will Go to Some Big Chains Too
A broad definition of “small business” includes much more than just Main Street shops when lenders start processing applications Friday.
Logistics
FedEx, UPS Suspend Service Guarantees
The parcel logistics giants outlined measures taken to accommodate delays and disruptions caused by the COVID-19 pandemic.
Home
How Small Business Can Get Virus Aid
Here are questions and answers about financial help available through the government and other sources.
Home
DoL Clarifies Paid Leave Implementation
The FFCRA reimburses private US employers that have fewer than 500 employees with tax credits for the cost of providing paid leave related to COVID-19.
Sales
What it Means to Be an Innovative Seller
Darrell Sterling discusses how if you're not changing in distribution sales, you're being left behind.
Home
PPE Stockpile Nearly Depleted
Concerns about the stockpile levels were first reported by the Washington Post on Wednesday.
Home
US, World Mfg. Contracted in March
Economists had expected a bigger drop in the US manufacturing index but predict it will signal more weakness in April.
Earnings
Grainger to Draw $1B in Credit
The funds will support the MRO supply giant's cash position amid market uncertainty caused by the COVID-19 pandemic.
Mergers & Acquisitions
March 2020 Industrial Supply M&A Recap
After a roaring January and February, M&A news was slim pickings as COVID-19 severely disrupted March business activity.