HD Supply has delayed splitting apart two business units, and CEO Joe DeAngelo will not take a base salary for the rest of 2020. Both moves are related to the coronavirus pandemic.
Performance Food Group is adding distribution to more grocery retailers and supermarkets, partnering to improve online food ordering and pausing share buybacks and some capital expenditures in response to the coronavirus pandemic.
David White became CEO of Border States Electric on Wednesday, succeeding Tammy Miller. "One of the favorite accomplishments for me is helping the employee-owners accumulate personal wealth in their" employee stock ownership plan, Miller says.
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Meeting customer needs and expectations Wholesale customers want the same kind of convenience and immediate gratification that you want as a consumer. How can businesses deliver on that? Hear from experts at NetSuite, Logistics Bureau and SmartBrief in this on-demand webinar.
Trucking companies, railroads, air freight carriers and other logistics businesses face losses because of coronavirus-related stress on supply chains. Truckers are also at heightened risk of contracting the virus because of their overall health and the nature of their work, says economist Michael Belzer of Wayne State University.
Madison Logic CEO Tom O'Regan offers three ways business-to-business marketers can tweak strategy to navigate the coronavirus pandemic, including creating interactive digital experiences to replace in-person events, pivoting to digital content and carefully monitoring audience engagement. "Allow metrics to be your foresight and the guiding force that will allow you to be a true, strategic arm to not only your sales team but your prospective clients as you help them see their way through this harrowing curveball," he writes.
Business-to-business marketers can replace in-person lead generation tactics with virtual events and by increasing content across social platforms, Zen Media's Shama Hyder writes. Use both organic and paid social strategies to reach prospects with helpful content relevant to the impact on their industry, she recommends, noting, "People are seeking guidance right now -- own the moment by stepping up to serve them at this critical time."
The pandemic-induced recession means leaders need to think about how they can control costs without losing the clients and employees they'll need to emerge from this crisis, writes James daSilva. "They need to hear from leaders -- especially CEOs and division heads -- what is happening, what they can do and what they shouldn't worry about," he writes.
At this critical time for the economy, online payment acceptance can mean the difference in whether you're paid. Stream the podcast from NAW Trusted Partner Unified to learn how replacing paper check acceptance with an easy-to-use "PayNOW" link on your website allows customers to pay in real time, online with credit card.
Join NAW and ITR Economics for this critical economic outlook webinar, "Distribution Industry: Navigating the Crisis," featuring Alan Beaulieu, NAW Senior Economic Advisor and President of ITR Economics, on Thursday, April 9, 3 p.m. EDT. And, Alan will answer your questions. Seats are limited, so purchase your seat today!
