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February 18, 2021
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Top Story
Genuine Parts' Motion business had fourth-quarter sales of $1.43 billion, a 3.3% decline from a year earlier. Genuine Parts as a whole reported $4.25 billion in quarterly sales, a 0.7% drop from a year ago.
Full Story: Industrial Distribution (2/17) 
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Ace Hardware on Tuesday reported $43.1 million in fourth-quarter profit on revenue of $2.1 billion, with revenue up 39.2% from the same period in 2019. Website and same-store revenue rose 214% and 28.7%, respectively.
Full Story: PYMNTS (2/16) 
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The Death of Field Sales
The days of large field-based sales teams are numbered for most organizations. Most customers don't want it and most businesses simply can't afford it! This book shows a better way to grow sales significantly faster than expenses, as we return to business as usual.
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Operations and Technology
Credentials within an enterprise can increase because "as employees move from one department to another, they often keep their old permissions while gaining new ones," notes Terry Burgess, an executive at SailPoint Technologies. Burgess points out how artificial intelligence and machine learning can be introduced into identity management.
Full Story: Business IT (Australia) (2/15) 
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25% off Big Ass Fans’ evaporative coolers
Get ahead of productivity-killing summer heat with the latest innovation from the most trusted name in industrial cooling. Big Ass Fans' Cold Front evaporative coolers lower air temps by up to 33 °F and cover up to 6,500 square feet indoors or out. Plus, they're 25% off through 3/31. Learn More
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Sales and Marketing
Business-to-business marketers must develop robust data analytics to be able to segment messaging to both existing customers and prospects, writes Nielsen's Tina Wilson. Base digital promotions and offers on customer behavior, and personalize product recommendations to website users with easy, customized "Add to Cart" options, Wilson advises.
Full Story: MarTech Series (2/11) 
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Consider coachability, fit when hiring sales reps
(Pixabay)
Performance level is a key characteristic to look for when hiring salespeople, but don't overlook coachability and curiosity, both of which will play an important role in a salesperson's long-term success, writes Ang McManamon. Make sure that new hires are a solid fit for your company's culture by having a successful sales representative play a role in the hiring process, too.
Full Story: Sales Hacker (2/10) 
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Top Surprises from Salesforce's State of Commerce
To understand the full breadth and impact the past year has had on digital transformation, Salesforce spoke with nearly 1,400 commerce leaders and analyzed the consumer shopping and business buyer behavior of more than 1 billion customers. Join us on March 3rd to hear the most surprising insights from Salesforce's State of Commerce report, as we reveal the top trends and shifts. Register today
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The Business Leader
Organizations fall into the "Abilene paradox" when they go in undesirable directions because everyone is afraid to talk candidly about their concerns or needs, writes Ed Batista. "The solution to this dilemma depends upon establishing a sense of belonging in the organization that is sufficient to enable its members to speak up without fear of ostracism and isolation," he writes.
Full Story: Ed Batista Executive Coaching (2/15) 
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Teams work better when they focus on alignment, writes Aad Boot, which requires the hard work of understanding each other and transforming differences into the energy needed to move forward. "If you want people to really own decisions as if they were their own, you have to turn compliance into true commitment," he writes.
Full Story: LeadershipWatch blog (2/14) 
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Webinar: 2021 Manufacturing Trends
This year is shaping up to be a year of advancement for US manufacturing. This on-demand webinar explores: how technology will help manufacturers this year, why a localized supply chain is gaining favor and what actions manufacturers must take to boost profitability now and in the future. Our panel of experts will offer new-year strategies and real-world examples of how best to succeed. Watch now
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NAW Insider
NAW launches ad campaign on vaccine distribution
(NAW)
The National Association of Wholesaler-Distributors has just announced a digital advertising campaign promoting the utilization of the country's entire distribution network for vaccine distribution as supply increases and the country hopes to bring more vaccines to more people across the country. The first ad, which may be viewed here, begins running immediately and will run indefinitely.
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Register for NAW's free Feb. 23 webinar: "Forces of Disruption and Strategic Responses"
(NAW)
NAW and Distribution Strategy Group this week launched their 2021 free, seven-part series called, "Adding Value in a Post-Pandemic World: New Leadership Strategies for Distributors." We will focus on innovative ways for distributors to differentiate themselves from industry disruptors. Distributors will understand the challenges facing the industry over the next decade, and will be armed with new modes of thinking and information to build robust strategies with staying power. Each part includes a free research report to download and a free webinar to watch live and on demand. Register now for the first webinar on Tues., Feb. 23, at 2 p.m. EST. Sponsored by Oracle Netsuite.
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NAW Blog post: Product Expertise Isn't Enough for B2B Buyers Anymore
(NAW)
David Bauders, CEO of SPARXiQ, says, "It's no secret that for years most distributors have neglected core sales skills training for their sellers. Today, however, the internet, e-commerce, and online resources and communities have enabled a clear shift in buyer behaviors. Most buyers can readily find the information they need and order online, without engaging a seller until late in the buying process. Fundamentally, buyers don't want to talk to sellers about product or application information unless the purchase is new, complex or risky." Read his post.
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Don't follow the path. Go where there is no path and begin the trail.
Ruby Bridges,
civil rights activist, first Black student to desegregate an all-white elementary school in the South
February is Black History Month
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