Distributors can thrive by innovating, helping customers succeed | To learn more on this topic from Mark Dancer, sign up to be notified when "Innovate to Dominate: The 12th Edition in the Facing the Forces of Change Series" is ready to preorder. | Gordon Food Service takes part in startup accelerator
Distributors should focus on building relationships while using data to help customers meet their goals instead of attempting to compete directly with Amazon, says Mark Dancer, a fellow with the NAW Institute for Distribution Excellence. "For example, distributors are 'here to help' customers; that is, they're willing to work side-by-side with customers to improve their operations and procurement results," he says.
To learn more on this topic from Mark Dancer, sign up to be notified when "Innovate to Dominate: The 12th Edition in the Facing the Forces of Change Series" is ready to preorder.
The first class of early-stage startups recently graduated from the Food Foundry, a startup accelerator program born out of a partnership between Gordon Food Service and innovation hub Relish Works. Five startups were featured in the first 16-week program, with the next program to begin in January.
PolyOne will sell its Performance Products and Solutions business to SK Capital Partners for $775 million. The unit offers contract manufacturing services and formulated polyvinyl chloride and polypropylene-based items.
Are you leveraging ERP to deliver for your customers? In the Amazon era of buy-anything-at-anytime, manufacturers and wholesale distributors must be able to deliver the same kind of experience for their B2B customers. In this report, explore why it is more important than ever to explore modern ERP — and why you should do it in the cloud.
Distributors should use slower periods as an opportunity to re-evaluate strategic business agreements with manufacturers, writes John Gunderson. "If 2020 isn't a high-growth year your SBA will probably require more planning and creativity to negotiate a true win-win for both sides," he writes.
Marketers explore whether event sponsorship is an effective strategy, including GumGum's Som Puangladda, who discusses it from a business-to-business perspective and talks about the importance of identifying the right events for target audiences, exclusivity and measurement. Puangladda also explains how "[t]he ability to join in on live speaking sessions via VR headsets will solve" the problem of connecting with audiences on a wider scale.
Business-to-business salespeople should consider traditional factors such as need, budget and authority when qualifying prospects, but must also take company size, tenure of the decision-maker and other criteria into account, writes Ariel Wolfe. It's important to keep each company's budgeting constraints in mind as you work with customers and rely on more than one internal champion, Wolfe writes.
Bosses tell people what they want them to do, whereas leaders are collaborative and empower people to do their jobs, writes John Stoker, who offers 12 characteristics that separate leaders from bosses. "Good leaders will understand what is required of each team member and will support and encourage them in ways that motivate them to do their best," he writes.
Asking people why their energy or enthusiasm seems low can be enlightening and creates space to explore their feelings, writes Dan Rockwell. Be careful to observe rather than judge, which can put people on the defensive.
Real companies are finding real solutions and practical steps to attracting and keeping their best employees with "Optimizing Human Capital Development." You've got to have the right arsenal to keep your top performers and build your competitive advantage. Grounded in research and a data-driven approach with 18 leading distributors, this study includes 25 sets of talent best practices, 16 action steps and 62 real-world distributor examples. Read the table of contents and introduction.
NAW's 12th edition of "Facing the Forces of Change," the most respected research study of wholesale distribution industry future trends since 1982, will be published in November. Because NAW is the only national wholesale distribution organization that represents companies in all lines of trade, this celebrated report is the most comprehensive study covering the future of wholesale distribution. If you want first notification when this research study is ready to preorder, click here.
Wholesaler-distributors save up to 25% off Hertz car rental base rates* on business or leisure travel when reserving with NAW discount code CDP# 55709. To reserve, go online or call 800-654-3131. *Taxes excluded. Terms apply.