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Top Stories
Winsupply has acquired R.A. Novia & Associates, a Cheshire, Conn.-based HVAC distributor with a focus on green technology products. The acquisition complements Winsupply's existing footprint in the region. R.A. Novia will operate under the name Winsupply Cheshire CT Co., with former owner Dick Novia continuing to lead the team of nine employees.
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US manufacturing activity contracted for a seventh consecutive month in September, with the Institute for Supply Management's manufacturing PMI rising from 48.7 to 49.1. The new orders index decreased from 51.4 to 48.9, and production rose from 47.8 to 51. Meanwhile, the separate S&P Global US manufacturing PMI dropped from 53 to 52, with forward-looking demand indicators providing some optimism for the future.
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(Franckreporter/Getty Images) |
The US lost 32,000 jobs in the private sector on a seasonally adjusted basis in September, according to a report from ADP. In addition, the August figured was revised to show a loss of 3,000 jobs, down from a previously reported gain of 54,000.
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See real results from real customers—compare your picking accuracy and workforce. Small, medium, and large DCs will see immediate benefits with smarter warehouse systems. One of our customers simply stopped measuring mispicks because after implementing Voxware, there were none. Review our case studies.
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Operations and Technology
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(Justin Sullivan/Getty Images) |
AI-based decision making, energy considerations and regionalization are helping to reshape thinking about supply chains, according to a Prologis, Inc. report. Fifty-eight percent of business leaders anticipate more regionalized supply chains by the end of the decade. "Organizations must prepare for a post-globalization era where proximity and control outweigh traditional cost advantages," according to Prologis.
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Proton has introduced Proton PIM, a product information management system that leverages AI to enhance product data quality. The system uses AI agents to automatically gather and enrich data from various sources, addressing the common issue of poor product data in distribution. Proton PIM can function as a stand-alone system or integrate with existing PIMs.
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Sales and Marketing
B2B marketers are struggling to ensure their content is discoverable by AI platforms, with only 11% having optimized most of their brand's content for AI, according to a 10Fold Communications survey. Generative engine optimization has become a top priority, surpassing traditional search engine optimization, and 37% of marketers are investing in AI search visibility and AI-optimized content tools.
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The Business Leader
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Getting "cozy" as a leader -- clinging to comfort and familiar routines -- can breed complacency and hinder innovation, leaving companies vulnerable to changing markets and industries, says Sanjay Khosla, a CEO and senior fellow and adjunct professor at the Kellogg School, who recommends challenging yourself and your teams to leave your comfort zones. "When you set ambitious goals and give teams the freedom to fly, amazing things happen. Ordinary people can do extraordinary things just by working together differently!"
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NAW Insider
Prioritize your organization's greatest asset — your people. NAW's premier education programs, such as the online Management Academy and the in-depth Distribution Leadership Program at THE Ohio State University, are designed to equip your high-potential employees with the skills and insights they need to lead and succeed. Ensure your rising stars are prepared to drive your business forward by investing in their growth today. Learn more about how NAW can help you develop the leaders of tomorrow.
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About NAW
The National Association of Wholesaler-Distributors (NAW) is one of America’s leading trade associations, representing the $8 trillion wholesale distribution industry. Our industry employs more than 6 million workers throughout the United States, accounting for approximately 1/3 of the U.S. GDP. 250,000 wholesale distribution companies operate across North America, including all 50 states. Learn more. |
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Tom Stoppard, playwright, screenwriter |
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