Brick-and-mortar expansion news regarding Motion Industries and Fastenal led traffic on ID this week, along with ERIKS North America rebranding its subsidiaries under the same name.
Here's this week's Top 5
Report - Motion Industries Planning $9.6M Headquarters Expansion: It's been a very busy past couple of years at Motion Industries, and it appears that isn't slowing down any time soon, as the company is reportedly about to expand its headquarters near Birmingham, AL by 20 percent.
Fastenal To Build New Mississippi Distribution Center By 2019: Just 10 days after announcing it will build a new, large office center in downtown Winona, MN, the industrial and construction supplies distributor announced Monday that it plans to build a new distribution center in Madison County, MS that will house 60 employees.
ERIKS North America Companies Rebrand As ERIKS: ERIKS North America-owned companies Lewis-Goetz, EVCO House of Hose, and Valley Rubber & Gasket, announced that they are rebranding as ERIKS, effective June 1.
See Where Industrial Distributors & Suppliers Landed On The 2018 Fortune 500: This was posted on ID May 31, but still was well-read this week. See where industrial distributors, suppliers and other relevant companies to the industrial products market appear on the Fortune's annual list of the largest U.S.-based companies.
Inventory Profitability - The Good, The Bad And The Ugly: While safety stock protects against stockouts due to unexpected product demand or shipment delays, the additional inventory can halve a negative effect on profitability. Here, Jon Schribfeder shows how to use adjusted margin to better assess inventory profitability.