Distributors use blockchain to improve prescription drug supply chain | Watsco's e-commerce sales are now more than 25% of all revenue | Tire distributor uses tech to support continuing learning
AmerisourceBergen and McKesson are among the pharmaceutical companies participating in The MediLedger Project, which aims to use blockchain to meet Drug Supply Chain Security Act regulations. The MediLedger blockchain, which reduces errors while helping wholesalers manage product and manufacturer information, should be ready for user testing next month, said Heather Zenk of AmerisourceBergen.
Watsco sold $1.2 billion online in 2018, or 26.4% of overall revenue, through increased online inventory and investments in areas such as order fulfillment functionality and supply chain optimization. Watsco also made greater use of mobile apps while improving analytics and customer personalization features.
American Tire Distributors is a "people-first company" that encourages employees to learn and grow, says Rebecca Sinclair, chief people and communications officer. ATD's spark training tool uses artificial intelligence, video, games and questions to improve knowledge retention.
Just 54% of shippers surveyed by DC Velocity and ARC Advisory Group had first-tender acceptance rates exceeding 90%. Improved communication and lead time are two ways to overcome a reputation as a difficult procurement negotiator, experts say.
Nearly three-fourths of power transmission distributors and manufacturers say the talent pool fails to meet their needs, according to a Power Transmission Distributors Association Foundation survey. Just 26% of distributors said they could find enough qualified candidates.
You Deserve an Apple Watch Series 4 We're giving away 2! To enter the drawing, simply complete our brief industry survey about your 2020 inventory and supply chain planning initiatives for competing in today's complex wholesale environment. Respond today; entry deadline is 11/1.
Marketing Insider Group CEO Michael Brenner discusses why empathy is the key to better business-to-business content marketing. "Content marketing is about meeting the needs of prospects who don't already feel that they have a relationship with you," he says, adding, "When you start to engage them and build that relationship, that leads to better financial outcomes."
Business-to-business marketers discuss how their social strategies have evolved, including Constant Contact's Hannah Budreski who notes the rise in customers using direct messaging on platforms such as Facebook Messenger to interact with the brand. Toast's Kelly Esten discusses the restaurant management platform's Food for Thought Facebook community and says, "We're reaching restauranteurs wherever they are, whether it is on Facebook, Instagram or via text messages."
A Guide to B2B Selling on Alibaba.com U.S. manufacturers, wholesalers and distributors can now access the world's largest B2B marketplace. See how to tap into the $24 trillion opportunity. Download our guide here.
Corporate communication needs to have a consistent voice that can be tailored to the audience while remaining inspirational, respectful and honest, writes Jaime Cox. "Adhering to a universal style guide means that -- in theory -- anyone can write for corporate communications, and people will take your messages more seriously," she writes.
Why ERP is the key to customer experience It is more important than ever for today's manufacturers and distributors to be able to deliver the seamless experience customers want — and ERP can get you there. Download this new report to learn how digitized processes and unified data improve overall business performance and boost customer satisfaction.
Did you know that an investment in yourself is also an investment toward the success of your business? Here are NAW's latest top 10 best-selling research studies, selected by distributors for distributors! These leading industry resources work to further develop your business goals and plans, professional skills, industry knowledge, career management skills and personal brand profile. Quantity discounts start with just two copies ordered. Stay up-to-date and relevant in distribution with these hot picks!
There's no denying the growth/demise ratio of Amazon versus brick-and-mortar operations. The "Amazon Effect" is causing businesses to literally shut down, leaving their creditors at a loss. NAW's strategic partner Cortera wants wholesaler-distributors to be ready. For a limited time, Cortera is offering wholesaler-distributors a complimentary Portfolio Analysis, CFO Report and unlimited Boost. Take advantage of this offer.
"Getting Results From Your Digital Investments" is focused on helping you build a vision that is the right one for your company and then taking all the needed action to execute your vision for growth and profitability. Digital tools provide new opportunities to rethink your customer offerings and business models, become more competitive and drive better financial results. Get a sneak peek by downloading the free Table of Contents and Introduction.