Fastener Distributor Index jumps to 56.5 in Oct. | Advance Auto Parts reports higher Q3 profit | ScanSource suffers loss in fiscal Q1
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November 11, 2020
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The EU has charged Amazon with antitrust violations with regard to how it manages its dual role as a seller and platform, as well as how it uses data from third-party sellers on Amazon's site. "Data on the activity of third party sellers should not be used to the benefit of Amazon when it act as a competitor to these sellers," says European Commission official Margrethe Vestager.
Full Story: Reuters (11/10),  The New York Times (tiered subscription model) (11/10) 
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The Fastener Distributor Index from FCH Sourcing Network and R.W. Baird rose by 4.5 percentage points in October to come in at 56.5. The FDI's sales index also rose by 4.3 points, to 65.1.
Full Story: Industrial Distribution (11/9) 
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Advance Auto Parts earned $147.5 million in the third quarter on $2.54 billion in revenue. Both figures were improvements over the year-ago period.
Full Story: RTT News (11/10),  The Associated Press (11/10) 
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The HR & Ops Alliance: Lessons From COVID
From shop floors to production lines COVID has forced you to think & act differently-and collaboratively. But who has done it well? Join a best practice session featuring insight ranging from Kroger Distribution to Mouser Electronics. Register Today
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Operations and Technology
Some organizations are taking a gamble "that their legacy data will be accessible and usable if needed" to satisfy a business purpose or regulatory inquiry, writes Philip Bridge, president of data manager Ontrack. In this commentary, Bridge offers four tips for managing legacy data.
Full Story: ITProPortal (11/9) 
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Innovid Named a Leader in Creative Ad Tech
Innovid is dedicated to helping brands solve big challenges, from identity to CTV. So we're honored to be recognized as having "among the strongest tech and tech innovation" in "The Forrester Wave: Creative Advertising Technologies, Q4 2020." View the report.
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Sales and Marketing
Marketers share their top tips for improving email lists, including WPBeginner's Syed Balkhi who says, "When you have a segmented list you can send an even more targeted email campaign, which is certain to see higher open rates and conversions." Rootstrap's Patrick Ward advises using gated content to attract quality prospects to your email list, and Purpose Worldwide's Lana McGilvray says, "Conduct ongoing verification of your list and make sure you have consent."
Full Story: Ad Age (tiered subscription model) (11/6) 
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Just as salespeople are always adding potential buyers to their pipelines, sales managers must always be seeking promising talent to add to their teams, writes Colum Lundt. Plan to conduct a certain number of interviews each month, and project what jobs might come open during the coming year.
Full Story: Sandler Training (11/6) 
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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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Featured Content
Sponsored content from Walmart Media Group
Laying the foundation for omnichannel advertising
With consumers increasingly shopping both online and in-store, there is a greater need to reach shoppers wherever they are. In this Q&A, Walmart Media Group Vice President of Strategy & Transformation Stephen Howard-Sarin discusses how the largest retailer in the US has adjusted its marketing and advertising strategies to do just that, and how other brands can follow suit.
 
The Business Leader
Your enthusiasm for a project can feel like bullying to some people if you appear to be brushing aside their feelings or concerns, writes Kate Nasser. Share your enthusiasm by listening to teammates, identifying differences and finding common ground to move forward, she writes.
Full Story: Kate Nasser (11/8) 
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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
Register for Nov. 17 NAW Webinar: 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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Automation and integration provide a unique competitive advantage
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Every executive wants to optimize efficiency, increase output and decrease costs. Join the discussion and learn from NAW Trusted Partner Creditsafe how automation and integration of data, financial insights, analysis and credit reporting provide a multi-tiered approach to achieving each of those goals while adding value to finance, accounting, credit, collections, sales and marketing departments.
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Best practices to strengthen the manufacturer-distributor relationship post pandemic
(NAW)
The pandemic is forcing many distributors to reevaluate their supply chains to create more resilient models. At the heart of "Optimizing Channel Profitability" is a common ground for distributors and manufacturers to focus on making a one-to-one connection among a supplier's channel compensation, a distributor's capabilities and customer value, all leading to a process where all three entities can have constructive, objective dialogue rather than subjective, selective fault-finding. If you're looking to strengthen your value proposition post COVID-19, this resource will help.
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