Graybar posted net income of $144.5 million for full-year 2019 on revenue of $7.5 billion, with both figures improving on 2018. The company also reduced its debt load.
United Natural Foods is paying certain workers an extra $2 per hour through month's end and offering 14 extra days of paid sick leave for workers diagnosed with COVID-19, among other emergency actions the company announced.
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Distributors can overcome supply chain disruptions by making adjustments to their reorder systems, discussing challenges with manufacturing partners and communicating often with associates, writes John Gunderson. Businesses should also take a look at products that may experience heightened demand in the future, such as personal protection equipment and cleaning products.
Spot rates for most of the heaviest US trucking routes have risen in the past month, as have load-to-truck ratios, as the demand for supply continues through the coronavirus pandemic. Trucking companies have benefited from a relaxing of federal "hours of service" regulations but are grappling with some states closing highway rest stops.
Long-term occupancy contracts and other factors could help the logistics real estate sector ride out disruption from the coronavirus pandemic, according to a Prologis report, despite the potential for investment to decline in the short term. The report also notes that e-commerce could continue to grow and that companies might rethink optimal inventory levels.
Boosting business by meeting customer needs and expectations in wholesale Wholesale customers want the same kind of convenience and immediate gratification that you want as a consumer. What do businesses need to do to deliver on that? Hear from experts at NetSuite, Logistics Bureau and SmartBrief in this webinar.
Technology can be used to improve many selling activities, but many are focused on boosting the quantity of interactions with prospects instead of the quality, writes David Brock. Instead, salespeople should use technology to provide greater value to customers, even if it means making contact with fewer prospects along the way, Brock writes.
State of the Wholesale Supply Chain Industry in 2020 The wholesale supply chain industry continues to look for ways to solve challenges around predicting shifting consumer preferences, volatility with suppliers and long lead times, and e-commerce growth that's increasing price transparency. Despite these obstacles, the industry collectively posted year-over-year sales growth of 8% in 2019, similar to the prior year. Get the key findings for Blue Ridge's wholesale supply chain industry 2020 survey.
Seize extra time from the coronavirus slowdown to reconnect with clients and colleagues, or learn a new skill, Jay Clouse writes. He also suggests catching up on budgets and other in-house work, helping other businesses and seeking the help you need.
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