Americold buys N.J. company, posts higher sales | Anixter acquisition gives boost to WESCO in Q3 | Daily, safety sales bounce back at Fastenal in Oct.
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November 9, 2020
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Americold Realty Trust will spend $480 million to acquire New Jersey-based Hall's Warehouse Corp. Americold also reported third-quarter revenue of $498 million, up 7% from a year ago.
Full Story: FreightWaves/American Shipper (11/5) 
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WESCO on Thursday reported third-quarter sales and net profit that increased from a year earlier, in part because of the acquisition of Anixter this year. WESCO had $4.14 billion in total sales and $66 million in net profit.
Full Story: Industrial Distribution (11/5) 
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Fastenal's daily sales increased by 4.1% year-over-year in October, while safety product sales growth came in at 32%, both improvements over September figures. Fastener sales also improved compared with previous months.
Full Story: Industrial Distribution (11/9) 
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Holiday predictions led by data from billions of shoppers
Data and insights to guide you through this historic holiday shopping season. Learn more
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Operations and Technology
A majority of US businesses with more than 500 employees have had to change how they manage cybersecurity in the past half-year, a CensusWide survey reports. Forty percent of companies have updated their cybersecurity stacks, the survey shows.
Full Story: Business 2 Community (11/4) 
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Preparing retail workforces for anything
The COVID-19 pandemic has dramatically changed how consumers shop, the way stores function and the roles of store associates. Being able to quickly identify changes and adapt to the demands they bring makes a strong workforce management solution more important than ever. Download this paper to learn how.
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Sales and Marketing
Twogether's Jon Busby and Capgemini's Ana Costa talk in this podcast about how business-to-business marketers can maximize audio and video content. The pair also discuss social media's use in B2B marketing and how B2B marketing is becoming more comparable to consumer marketing.
Full Story: The Drum (free registration) (11/5) 
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Business-to-business marketers should prioritize retaining valuable customers by creating a personalized onboarding experience and featuring customers in case study content, Directive's Izabelle Hundrev advises. Offer value to customers by creating webinars on industry topics, products or customer success stories, and encourage customers to use third-party review sites, Hundrev recommends.
Full Story: MarketingProfs (free registration) (11/5) 
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6 Tips for Tackling Physical Inventory Counts
Physical inventory counts are a necessary evil for just about any company that manufactures, distributes or sells products. They're critical to a business understanding and managing its inventory position and creating accurate financial statements. But that doesn't mean your physical counts need to be as time-consuming and painful as they are today. Get the infographic
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The Business Leader
Leaders need to be creating community, stability and reliability, writes Lolly Daskal. "The leaders who can filter out the distractions and focus on what truly drives success will emerge stronger than ever -- and so will their organizations," she writes.
Full Story: Lolly Daskal (11/5) 
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Unlock the transformative power of AI/ML in Retail
The next 'normal' in retail will undoubtedly be digital, and it will increasingly be shaped by the adoption of the best tools for such complex decisions: artificial intelligence and machine learning technologies (AI/ML). Explore research findings from Google Cloud's recent online global survey and get ideas for business transformation and success in the "new" normal, download your complimentary copy today.
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NAW Insider
"How Technology Will Transform Wholesale Distribution" - 7 reports and 7 webinars in 7 months
(NAW)
Are you ready for the technology that is transforming distribution? With the influx of new competitors and new technologies, changes are happening at warp speed. In this NAW series of seven research reports and seven accompanying webinars in seven months, distribution expert Ian Heller will help you to gain the intelligence you need to formulate new strategies and ensure that your company thrives through this era of technology transformation. You've got seven months, so let's get started. Sponsors include Unilog, SAP, Conexiom, Mirakl and PROS.
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NAW Blog post: 4 Foundations of a Successful Sales Transformation
(NAW)
According to NAW Institute for Distribution Excellence Fellow Mike Marks, "No effective sales transformation happens without also building a business model where products and services begin to sell themselves." He goes on to offer four things distributors must do now to transform sales. Read his blog post.
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Solving problems for your customers is more important now than ever before
(NAW)
Old school distribution is about stocking inventory, taking orders and serving demand. New school distribution is about innovating through customer services and working side-by-side with customers in the real world. The future of distribution is about solving problems in your customer's business -- often before your customer even knows a problem exists. Innovate to Dominate provides breakthrough ideas, lessons from leading distributors who are innovating and inspiration to help you lead your customers into the future and sustain your competitive advantage.
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