Wholesale inventories drop lower than expected in June | FMCSA contemplates revised accident reporting policy | Foxtrot picks KeHE to support boutique-like offerings
Created for [email protected] |  Web Version
August 10, 2023
Connect with NAW LinkedInFacebookTwitter
NAW SmartBrief
News for the wholesale distribution industrySIGN UP ⋅   SHARE
ADVERTISEMENT
Top Story
Wholesale inventories in the US fell 0.5% in June, more than the 0.3% previously estimated, but increased 1.3% from a year earlier, according to the Commerce Department. Wholesaler sales fell 0.7% and factory production has slowed as more companies expect weaker demand and carefully manage inventory levels due to higher borrowing costs.
Full Story: Reuters (8/8),  MarketWatch (tiered subscription model)/Dow Jones Newswires (8/8) 
LinkedIn Twitter Facebook Email
New rules under consideration by the Federal Motor Carrier Safety Administration would require accident records be kept by motor carriers for incidents involving commercial vehicles and provide them when requested by federal, state or local agencies. The plan -- which is open for public comment until Oct. 8 -- would also require White House approval before being enacted.
Full Story: Transport Topics (8/8) 
LinkedIn Twitter Facebook Email
Foxtrot picks KeHE to support boutique-like offerings
(Foxtrot/Facebook)
Foxtrot is joining forces with KeHE Distributors to serve customers at its 28 hybrid boutique-like corner stores and cafes throughout Austin, Chicago, Dallas and Washington, D.C. "KeHE's robust mix of innovative brands and customer favorites is helping us to rapidly expand our business and change how consumers perceive convenience stores," said Mitch Madoff, head of supply chain for Foxtrot.
Full Story: Winsight Grocery Business (8/8) 
LinkedIn Twitter Facebook Email
Maximizing E-commerce potential
99% of apparel retailers expect customer demand to require same day delivery by 2025. To stay ahead, some online retailers are optimizing their DC ops beyond traditional automation with AI- driven smart software. See how one retailer doubled picking productivity and realized a dramatic reduction in training and onboarding time for workers. Read about it now.
ADVERTISEMENT:
Operations and Technology
Retailer holiday season stockups will drive imports at major US cargo ports to their highest in nearly one year, predicts the National Retail Federation and Hackett Associates. This follows a 22% drop in twenty-foot equivalent units during the first half of 2023 compared to the same period last year, according to Global Port Tracker.
Full Story: Store Brands (8/7) 
LinkedIn Twitter Facebook Email
Enterprise data and generative AI tools can help procurement and supply chain organizations stay stable and resilient as they help speed up response times, reduce manual labor, increase end-to-end visibility, optimize operations and improve decision making and agility, writes Gregor Stuhler, CEO of Scoutbee. "AI can process vast amounts of data to establish patterns and predict implications light years ahead of what humans are capable of," Stuhler writes.
Full Story: Forbes (tiered subscription model) (8/8) 
LinkedIn Twitter Facebook Email
Companies can choose a variety of reporting structures for their food safety teams, including having the team report to the board chairperson or CEO, research and development, quality assurance or supply chain leadership, with each choice presenting both benefits and disadvantages, writes Kurt Deibel, former vice president of food safety and quality for North America at Kraft Heinz. Whatever corporate structure a company selects for their food safety team, it is crucial for them to be active participants in day-to-day operations and for the program to have a separate capital budget, Deibel writes.
Full Story: Food Safety Magazine (8/7) 
LinkedIn Twitter Facebook Email
Sales and Marketing
All businesses tend to benefit from promoting the region where they are located. Strategies include making donations to nonprofits that support the community, forming networking groups and holding entrepreneurial events.
Full Story: Forbes (tiered subscription model) (8/7) 
LinkedIn Twitter Facebook Email
How brands can maximize their X content
(NurPhoto/Getty Images)
X's algorithm has been updated to give more exposure to post replies, videos and content from creators with subscriptions, and has doubled the time to 48 hours that a post is eligible to be shown in the main feed, per anecdotal research from X user @NFT_GOD. X also appears to be demoting posts mentioning Threads or linking to competing social media apps.
Full Story: Social Media Today (8/7) 
LinkedIn Twitter Facebook Email
The Business Leader
Salary transparency is good for business
(Pixabay)
Salary transparency not only will eliminate the long-running pay disparity among genders and ethnic groups, but it will create a business environment that attracts top talent, writes Tory Clarke of Bridge Partners. But it will require policy changes, including training managers how to set equitable pay, allowing employees to discuss pay and publishing salaries during recruitment, Clarke writes.
Full Story: Forbes (tiered subscription model) (8/8) 
LinkedIn Twitter Facebook Email
Small-business owners are now somewhat more upbeat about US economic conditions, although sentiment remains muted compared with the period before the pandemic, according to a survey of 1,300 small companies by the National Federation of Independent Business. Hiring continues to be a challenge for some businesses, with 42% saying they had hard-to-fill job openings.
Full Story: CNN (8/8) 
LinkedIn Twitter Facebook Email
NAW Insider
Registration is open for Executive Summit 2024!
(NAW)
Join us in Washington, D.C., Jan. 30 - Feb. 1, 2024 for the wholesale distribution industry's premiere annual event! Learn more.
LinkedIn Twitter Facebook Email
LEARN MORE ABOUT NAW:
Join NAW | Publications | Events | Legislative Issue Briefs
Business Services | NAW Career Center | Blog
Sharing NAW SmartBrief with your network keeps the quality of content high and these newsletters free.
Help Spread the Word
SHARE
Or copy and share your personalized link:
smartbrief.com/naw/?referrerId=lfbdlNyHyu
It's years later where I figure out where I may have made missteps or not.
William Friedkin,
film director, screenwriter
1935-2023
LinkedIn Twitter Facebook Email
SmartBrief publishes more than 200 free industry newsletters - Browse our portfolio
Sign Up  |    Update Profile  |    Advertise with SmartBrief
Unsubscribe  |    Privacy policy
CONTACT US: FEEDBACK  |    ADVERTISE
SmartBrief, a division of Future US LLC ©
Full 7th Floor, 130 West 42nd Street, New York, NY, 10036