Private equity firm Platinum Equity is selling PrimeSource for an undisclosed amount to Clearlake Capital Group, another PE firm. Meanwhile, Foundation Building Materials will be acquired for $1.4 billion by an affiliate of American Securities.
Amazon is now selling prescription insulin as well as prescription and brand-name pills and topical drugs. Amazon will accept most insurance plans, Prime members will be offered discounts, and Amazon's PillPack unit will focus on customers with chronic conditions.
Sally Beauty Holdings Chief Financial Officer Aaron Alt is resigning Nov. 27 to take the same position at Sysco, starting Dec. 7. Chief Accounting Officer Marlo Cormier will become Sally Beauty CFO, while Sysco CFO Joel Grade will shift to a business-development role.
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
The coronavirus pandemic and economic slowdown is forcing marketers to become even more agile, writes Jim Ewel. He suggests four marketing shifts with a new focus on outcomes, continuous improvements and decentralized decision-making.
Some 35% of companies with 1,000 employees or more say choosing a business-to-business vendor is a nightmarish process and two-thirds of companies have a negative or passive purchasing experience, according to a Merkle study. The report pinpoints four "B2B brand superpowers" that spur conversions -- reliability, understanding, enrichment and preeminence.
Transforming retail and CPG: what's next? As the world becomes increasingly digital, retail success will be shaped by the adoption of artificial intelligence and machine learning tools. Get ideas for business transformation and success in the "new" normal, including: personalized promotions and product recommendations, loyalty program management, auto-populated and personalized carts and chatbots, frictionless checkout, and more! Get the Google Cloud report
Managers should focus on "predictability and flexibility" for their employees, especially parents, that preserves deadlines and other structures but acknowledges that sometimes life gets in the way, write Ellen Ernst Kossek, Kelly Schwind Wilson and Lindsay Mechem Rosokha. Lead by example, as "the more managers use flexibility, the more likely their employees will feel they can use work-life flexibility without fear as well."
It's time to find out about "New Technology Frontiers for Distributors: Sizing Up Marketplaces and Becoming Digital Companies." NAW offers two free resources to get you in the know. Download NAW's just-released free 23-page research report and then watch our free webinar on demand. 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? Get your answers!
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.
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.
