MSC Industrial reports profit in fiscal Q2 | McKesson VP: Pandemic transformed health supply chain | KeHE, UNFI make distribution deals with spirits company
MSC Industrial had $18 million in profit on sales of $774 million in its fiscal second quarter, with sales down 1.5% from a year ago but up slightly from Q1. Safety and janitorial sales were up 15% year over year.
The pandemic has forced hospitals to have different conversations with suppliers and adopt new forecasting models to avoid shortages, says Craig Dolan, vice president of business development and innovation for McKesson US Pharmaceutical. He notes that what is being distributed has changed over time, with ventilators being in demand early and medications and vaccines being in demand now.
Modern Distribution Management (tiered subscription model)
(4/6)
Tired of “making it work” with your current software? We know our solution gets results because, well, it already has. SalesPad is designed to unite selling, fulfillment, forecasting, shipping, and invoicing into one visibility-boosting software, and over the last 19 years, over 1,000 distribution professionals have adopted it. Learn more here
Trucking companies will increasingly go paperless, use data in decision-making and accept digital payments in 2021, says Vector CEO and co-founder Will Chu. He also expects that truckers will handle more e-commerce and make deliveries more visible and transparent for customers.
Successful digital transformation of supply chains requires ensuring proper supply chain intelligence, architecture, sustainability and resilience, as well as integrating supply chain planning and operational excellence, according to an EY report. "[C]ompanies that move early with intent will gain sustained competitive advantage for years to come," the report's authors say.
Your contact center of the future…Now A series of disruptive forces are likely to profoundly change the way service is delivered, which will ultimately enable omni-channel experiences and seamless, human-centric service. In an on-demand webinar, Deloitte and Salesforce discuss these impending changes and how improvements can be enabled at every touchpoint. Watch now
"Nothing happens until someone sells something" is a commonly used sales phrase, but it should be updated to reflect that nothing happens until a buyer wants to make a change, writes David Brock. The salesperson's focus should be on guiding the customer along a change process, which in turn becomes a buying process, Brock writes.
Business-to-business marketers can boost lead generation efforts by using Quora -- a social platform whose users are already asking questions that could be relevant for their industry. Shane Barker explains how, including by employing the Spaces feature to connect with target audiences and getting conversational on the platform.
Retailers: Getting back to business How are retail companies faring after making adjustments based on the pandemic, and what is on their agenda as they move forward into this new era of retail? Watch on-demand as SmartBrief, Hallmark and Farmgirl Flowers discuss where their businesses are picking up and how their goals have evolved over the last year. Watch now.
Innovation is better served by a dual constraint of timing and desired outcome instead of the traditional construct of budget and risk concerns, write MIT Sloan School of Management professors Fiona Murray and Elsbeth Johnson. "It's largely because people experience the passage of time much more viscerally than they do the running down of a budget," they write.
How have distributors been innovating their business during the pandemic? Find that out and much more from 10 distributors who tell their stories and share ideas for both surviving and thriving in a drastically changed business environment. Author Mark Dancer shares up-to-the-minute ideas and insights from distributor leaders based on their experiences and lessons learned from the coronavirus pandemic. Order this just-released e-chapter, "Distribution Leans In: Stories of Resiliency and Innovation During the COVID-19 Pandemic."
During this 90-minute open discussion, you'll exchange ideas with a trusted network of C-suite peers in distribution. Companies belonging to this community are from firms that exceed $1 billion in annual sales. There is no formal agenda or speakers -- just you and more than a dozen of your friends in distribution discussing today's pressing issues. Last year, participants shared how they were protecting their employees during the pandemic and more. Don't miss this opportunity. Register today!
Are you well-informed about different best practices and knowledge in our industry? If not, NAW's Top 10 E-book List can help get you up-to-speed quickly so you and your business can stay competitive in these challenging times.