Sysco posted a $3.3 million loss for the quarter ended March 28 against a year-ago profit, while sales of $13.7 billion represented a 6.5% year-over-year decline. The coronavirus pandemic's impact is "more substantial than any other throughout the company's history," Sysco said.
Revenue at Henry Schein rose 3% year over year in the first quarter, to $2.43 billion from $2.36 billion. Profit of $130.26 million was also up over the prior period.
Maintaining Business Continuity in Tough Times The COVID-19 pandemic has impacted the global economy and changed the way businesses operate. Modern enterprises don't have time for service disruption. Overnight, every business needs to reassess how to do more, with less. Learn how Sales Order Automation allows companies like Genpak to do more with less in this webinar.
A recent conference provided updates on truck platooning in the US and elsewhere, such as Sweden, which might take the lead in Europe. Commercial Level 1 platooning is legal in more than two dozen states, and eight states either allow automated platooning or are considering doing so as companies including Volvo, Daimler and Peloton Technology develop systems.
Meeting customer needs and expectations A focus on customer service should be a priority for wholesalers, both in the current climate and moving into the future. How can businesses deliver on that? Hear from experts at NetSuite, Logistics Bureau and SmartBrief in this on-demand webinar.
Demand Spring's Mark Emond takes a look at what business-to-business marketing might look like following the pandemic, predicting a greater focus on analytics to measure return on investment and a slow resurgence of live events. He believes the "gig economy will come to B2B marketing" as companies turn to contracts to hire young talent, and that investment in digital content and engagement will boost growth.
Reopening offices and other workplaces will require ongoing communication, safety compliance and opportunities for employees to reconnect with each other, writes Inspire PR Group founder Hinda Mitchell. "Just like this change didn't happen overnight, the recovery and return to some sense of normalcy also will take time and effort," Mitchell writes.
NAW will partner again with NAW Senior Economic Advisor Alan Beaulieu of ITR Economics to produce a second critical economic forecast webinar. Are we at or near the general economic bottom? What is happening in various wholesale distribution market segments? What are the stock market and interest rates doing now and in the near term? "Distribution Post COVID-19 Outlook" will be Thursday, May 28, 3 to 4:30 p.m. EDT. Seats are limited, so purchase yours here.
Are you well-informed about different best practices and knowledge in our industry? If not, NAW's Top 10 E-book List can help get you up-to-speed quickly so you and your business can stay competitive in these challenging times.
