WESCO, Anixter name post-deal leaders | AmerisourceBergen, McKesson part of blockchain network | NOW Inc. appoints Cherechinsky as CEO
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June 3, 2020
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WESCO and Anixter have announced executive roles for the combined company after their deal is completed. WESCO Chief Financial Officer Dave Schulz will be CFO of the combined company, Anixter CFO Ted Dosch will become executive vice president of strategy and chief transformation officer, and WESCO Chief HR Officer Chris Wolf will retain that role.
Full Story: Industrial Distribution (6/2) 
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The solution to medical supply chain challenges, such as those that have surfaced during the coronavirus pandemic, could be blockchain, which allows companies to share information without exposing sensitive data. The MediLedger Network -- a collaboration that includes Gilead, Amgen, Pfizer, Genentech, AmerisourceBergen and McKesson -- is using blockchain to verify drug returns and is working on a technology that tracks and traces drugs, but success is dependent on widespread adoption and integration with physical systems.
Full Story: Harvard Business Review online (tiered subscription model) (5/29) 
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[Webinar} The Key to Digital Transformation
As the world faces unprecedented change, distributors must find a way to survive and thrive. It is critical today more than ever to reduce operational costs, scale your business, maximize data security and increase your revenue. Building your ERP solution using cloud architecture with capabilities specific to the distribution industry will position your business to stay on track to reach (and exceed) 2020 goals. Watch on-demand.
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Operations and Technology
The pandemic and Amazon's emergence have separately made the case for supply chain digitization, Glenn Jones of Blume Global says. "Certainly, the trucking companies and even the ocean carriers have a way to track digitally, through fleet management, or other types of IoT devices," Jones says, "but we're starting to see more and more of the companies putting sensors on containers, not just the trucks."
Full Story: TechRepublic (6/1) 
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The coronavirus pandemic has revealed the need for agile supply chains that are visible, can manage plans across operations in real time and can create scenario planning in collaboration with others, writes Kinaxis Vice President Polly Mitchell-Guthrie.
Full Story: Logistics Viewpoints (6/2) 
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Sales and Marketing
Distributor sales leaders have to show sales teams how they'll succeed in a world changed by the coronavirus pandemic, and it'll be a long process, says Mike Marks of Indian River Consulting Group. A down year doesn't have to be bad if you outperform your competitors, he says.
Full Story: Modern Distribution Management (tiered subscription model) (6/2) 
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The Business Leader
Turtle & Hughes co-CEO Jayne Millard is a third-generation female leader at the electrical distributor, and she makes a point of recruiting women as board members and hiring people from underrepresented groups. "If there isn't diversity at the leadership level these days, it can raise concerns about whether it's really an open-minded, democratic culture," she says.
Full Story: TED Magazine (June 2020) 
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NAW shares thought leadership each week in the NAW Blog "Distributing Ideas." NAW Institute for Distribution Excellence Fellows, authors and guest bloggers discuss today's critical issues specific to wholesale distribution. Catch up on blog posts here. Better yet, subscribe here and we'll deliver a new post each week straight to your inbox.
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How to protect margins from Visa/Mastercard's announced fee increase
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The card brands' largest fee increase in more than a decade threatens to wipe out wholesale distribution's already thin margins. Credit card acceptance solutions with surcharge technology pass processing fees on to customers who choose the convenience of paying with cards. Learn how in the on-demand webinar from NAW and Trusted Partner Unified.
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