WESCO posts higher sales, net income for Q2 | Profit up despite net sales decline for Builders FirstSource | Systemax to open Dallas-area distribution center
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August 5, 2019
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WESCO posts higher sales, net income for Q2
WESCO International reported $2.2 billion in sales and $63.5 million in net income for the second quarter, both up compared with a year earlier. Organic sales also increased.
Modern Distribution Management (8/1) 
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Profit up despite net sales decline for Builders FirstSource
Builders FirstSource reported lower net sales of $1.90 billion for the second quarter because of poor-performing lumber and lumber sheet goods sales. Profit of $66.6 million increased from a year earlier.
Hardware + Building Supply Dealer (8/2) 
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Systemax to open Dallas-area distribution center
Systemax will open a distribution center near Dallas as it focuses on its industrial products group. "The facility will allow us to better service customers and provide additional capacity as we invest now to support future growth," CEO Barry Litwin recently said.
B2B E-Commerce World (free registration) (8/1) 
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Operations and Technology
Think of innovation as incremental, requiring employee involvement
Employees need to feel involved in new ideas and believe that the company is able and willing to innovate, says Jesse Nieminen, chairman of Viima Solutions. "Once you start to see some quick and easy 'wins,' you can build on that momentum and start taking bigger steps -- one at a time," he says.
TED Magazine (8/1) 
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Sales and Marketing
Report: B2B websites aren't connecting with buyers
B2B sites aren't connecting with buyers in a meaningful way, according to a Forrester report evaluating 60 websites across 12 industries. Website content needs to focus on customers' needs instead of solely on product and service capability, the report says.
B2B E-Commerce World (free registration) (7/31) 
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The Business Leader
Use the talent around you to overcome decline
Businesses in declining industries can accept the downward trend by rewarding shareholders or selling assets, or they can leverage existing talent and knowledge toward other purposes and markets, writes Bill Conerly. "Implementing a diversification plan based on current talents and assets will be risky, but all business entails risk," he writes.
Forbes (7/30) 
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The leader's communication can energize or deflate
Frequent updates, connecting your message to strategy and reducing the length and frequency of meetings are three ways to add energy and urgency to a company's day to day, writes Stephanie Overby. "As a leader, your focus and cadence contribute significantly to the urgency of the organization, and the more you systematize and reinforce it, the stronger the performance of the team," says Grand Rounds executive Wade Chambers.
The Enterprisers Project (8/1) 
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NAW Insider
Only a few seats left for the "Digitizing the Sales Process Research Consortium"
Only a few seats left for the "Digitizing the Sales Process Research Consortium"
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Two things are clear: major portions of the sales process will be digitized, and the sales force isn't going anywhere. What portions will be digitized and what new value-add will be created? What will remain in the hands of the sales force? Find out the answers to these questions and more by joining this cutting-edge consortium, and you'll be ahead of the rest of the industry. Get details and sign up by Aug. 31.
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Looking to improve your channel profitability?
Looking to improve your channel profitability?
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NAW's brand-new, groundbreaking research study, "Optimizing Channel Profitability: A Playbook to Align Manufacturer-Distributor-Customer Relationships," will help you to implement channel management best practices. It includes 24 best practices on channel design and management from actual distributors and manufacturers, 44 ready-to-implement action steps, and 38 real-world distributor and manufacturer examples from across the industry. You'll have the tools and best practices to make channel collaboration with your suppliers a competitive advantage for your company! Act now to save 10%.
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Registration is open for NAW Billion Dollar Company Fall 2019 Roundtables
Registration is open for NAW Billion Dollar Company Fall 2019 Roundtables
(NAW)
Billion Dollar Company CEOs, CFOs, operation executives, CHROs, CLOs, and CIOs attend these roundtables to benchmark solutions and strategies from distribution executives who are at the top of their game. The companies invited into this community are from distribution firms that exceed $1 billion in annual sales. Participating in this 24-hour, results-focused business meeting is one of the best ways to learn from your C-suite peers in distribution -- who aren't competitors! Register today.
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