Amazon Business introduces smart shelf for restocking | McKesson posts profit, higher revenue in fiscal Q2 | Sysco reports fiscal Q1 profit of $216.9M
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November 4, 2020
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Top Story
Amazon Business has launched the Dash Smart Shelf, which uses Wi-Fi to connect to customer accounts via the Amazon Shopping app and reorder office supplies when they are running low. The shelf can also sense weight and is intended for small and midsize businesses.
Full Story: Digital Commerce 360 (11/2) 
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McKesson earned $577 million in its fiscal second quarter after losing $730 million in the same quarter a year ago. Revenue of $60.81 billion was up from $57.62 billion last year.
Full Story: RTT News (11/3) 
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Sysco earned $216.9 million in its fiscal first quarter, a decrease from $453.78 million in the year-ago period. Quarterly revenue declined 23%, from $15.30 billion to $11.78 billion.
Full Story: RTT News (11/3) 
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How retailers should embrace the new normal
The pandemic has reshaped consumer behaviors and the customer experience, most likely permanently. As we look to 2021, retailers need to focus on planning for the future with strategies that meet both the immediate and long-term needs of their customers and maximize the potential of all their sales channels. Join SmartBrief and retail industry experts to explore how the retail landscape has changed this year and how retailers can succeed in 2021.
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Operations and Technology
More distributors will adopt item recognition and voice ordering technology in the next five years, write Jonathan Bein and Ian Heller of Distribution Strategy Group. A survey they conducted found that item recognition, for instance, was considered important by many end customers in industrial and construction.
Full Story: Distribution Strategy Group (11/2) 
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Sales and Marketing
The pandemic is reshaping business-to-business customer experience, eliminating the line between B2B and its consumer counterpart and spurring the adoption of digital and virtual experiences, Stephanie Overby writes. Overby examines how B2B companies are responding to these and five other trends.
Full Story: CMO (10/28) 
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Business-to-business marketers can tap into LinkedIn's new Company Engagement Report to glean advanced metrics related to total engagement, total ad or organic engagement, members targeted and website visits. Principal Product Manager Jae Oh says the tool is designed to help marketers "know they are reaching the people who make and influence business decisions, focus on companies in need of sales and marketing outreach and understand how ads and organic content are resonating with those audiences."
Full Story: Adweek (tiered subscription model) (10/30) 
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The Business Leader
Decision-making can drain our mental and physical energy, but you can reduce this stress by being honest about how you're feeling, getting comfortable with discomfort and declaring the results and emotions you want to create, writes Marlene Chism. "There's a benefit to being self-aware and honest: The more truthful you are about your own emotions, the easier it is to read other people's emotions," she writes.
Full Story: SmartBrief/Leadership (11/2) 
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NAW Insider
Mark your calendar: NAW Digital Summit, Jan. 27-28
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Join your distributor colleagues for the NAW Digital Summit, Jan. 27-28, a welcoming forum to network, learn and share ideas. We'll have a condensed schedule packed with critical areas of focus that you must consider when bracing for an unpredictable future, including the Annual Economic Update and a Post-Election Analysis with an exploration of what the new landscape means for your business. The always-popular discussion roundtables will help you uncover new ideas about leading in a time of transition. Sign up and we'll notify you when registration is open.
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New Technology Frontiers for Distributors: Sizing Up Marketplaces and Becoming Digital Companies
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What does it mean to be a "digital distributor" and how should you change your strategy due to the explosive growth of marketplaces like Amazon Business, Google Shopping, Walmart.com and many others? In an upcoming November NAW research report and webinar, Ian Heller will evaluate trends, discuss alternatives and help you understand how to respond to the disruption in the distribution industry. Join us on Nov. 17 for the free webinar and sign up to be notified when this free research report is ready to download.
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Sign up now for NAW Fall 2020 Large Company Virtual Roundtables
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Designed for C-suite executives, these virtual roundtables provide actionable strategies that will help put your COVID-19 recovery plan in place! Companies belonging to this community are from distribution firms between $100 million and up to a billion in annual sales. You'll engage in robust conversations with your peers and hear from industry experts on topics to help your business transition to the new normal -- all in the comfort of your own office/home! Register today.
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