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October 27, 2021
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Top Story
National Cooperative Bank's annual list of 100 co-ops by revenue includes Wakefern Food at No. 4, Associated Wholesale Grocers at No. 5, Ace Hardware at No. 7 and Do-it-Best at No. 12. The list was topped by Cenex-Harvest States, or CHS.
Full Story: Co-op News (UK) (10/26),  Successful Farming (10/21) 
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Wakefern Food's fiscal 2021 sales of $17.8 billion were down 2.7% from the previous fiscal year but up more than 7% from fiscal 2019. Also, the company recently marked its 75th anniversary.
Full Story: Supermarket News (free registration) (10/25),  Progressive Grocer (10/25) 
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Sales Should Not Be Responsible for Revenue
Salespeople will hate this. If you make sales responsible for revenue, you will handicap the growth of your organization. For your organization to grow, operations should be responsible for revenue and your sales department should focus only on new business. This article and free book explains why.
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Operations and Technology
Full autonomous driving for commercial vehicles is progressing for highways scenarios, but challenges still remain with simulation, data management and standardization, which put a priority on SAE "Level 2-plus" technologies. "When you're in an off-highway environment, you may not know what your boundary conditions are, you may not know what obstacle detection you're looking at, depending upon the decisions that have to be made," said Michael Puroll, chief engineer and system architect at AM General.
Full Story: SAE International (10/25) 
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Smaller companies can streamline operations, increase automation and alleviate labor shortages at their distribution center yards by using yard management software, writes Ben Ames. Cloud-based platforms can connect YMS with other logistics applications to simplify data transfer, Ames writes.
Full Story: DC Velocity (10/26) 
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Sales Should Not Be Responsible for Revenue
Salespeople will hate this. If you make sales responsible for revenue, you will handicap the growth of your organization. For your organization to grow, operations should be responsible for revenue and your sales department should focus only on new business. This article and free book explains why.
ADVERTISEMENT:
Sales and Marketing
Distribution salespeople can use artificial intelligence tools to facilitate consultative selling, generate better insights from client data and reduce costs, all of which are important in a hybrid sales environment, writes Benj Cohen of Proton. "[I]t is necessary to educate team members on the importance of digital tools and provide proper training and support," Cohen writes.
Full Story: Industrial Distribution (10/26) 
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Business-to-business marketers should consider subscription-based services to boost customer loyalty and engagement, writes Agency Management Institute CEO Drew McLellan. Personalize subscriber offerings for what's important to specific customer groups, such as quarterly reports forming part of a payment package, and encourage membership signup with free trials, McLellan advises.
Full Story: Forbes (tiered subscription model) (10/25) 
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Shoptalk Returns to Vegas This March!
Shoptalk brings together 8,000+ professionals from the biggest brands like e.l.f. Beauty, Maui Jim, Olaplex & more. Qualified retailers and brands can attend for free!
Get your pass now.
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The Business Leader
Formal corporate mentoring programs are more successful when they have a specific duration, challenge all parties to learn and grow, and provide opportunities to engage with senior leaders, writes Alaina Love. Love shares a client's fears from a bad mentoring experience and how that person's next employer avoided those mistakes.
Full Story: SmartBrief/Leadership (10/25) 
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Team decisions can be improved in quality and timing when everyone involved understands the criteria behind the decision, such as cost, risk or how long implementation will take, writes Kevin Eikenberry. "You can set decision criteria upfront for a specific decision or have a set that you run many decisions through to help create better results," Eikenberry writes.
Full Story: Leadership & Learning with Kevin Eikenberry (10/25) 
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NAW Insider
Live NAW Webinar: An Integrated Strategy for Distributors
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Many distributors experience the paradox of watching marketplaces grow sales at explosive rates while seemingly seeing no sales erosion to Amazon Business, etc., themselves. How can this be? What is the nature of the threat? When will it affect you? Most importantly, what should you do about it? Discover the answer to these questions and more on Nov. 2 at 2 p.m. ET by registering today!
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Brand-New NAW Series: The Distributor's Playbook to Artificial Intelligence
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This 4-part series will take you from AI-unsure to AI-adopter through a riveting compilation of live webinars, thought-provoking articles and actionable whitepapers! You will gain the intel you need to formulate new strategies and ensure that your company thrives through this era of technology transformation. Register for this month's upcoming webinar "Understanding AI and How it Works" and learn the basics of Artificial Intelligence and how to understand business conversations about it.
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Join CEO Discussion on the Future of the Distribution Salesforce
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Join NAW for an industry-wide virtual event for distribution CEOs on Tuesday, Nov. 9 from 2-3:30 p.m. Tailored specifically to CEOs of distribution companies with annual sales up to $80 million, the discussion will focus on the future of the distribution industry salesforce during a period of rapid post-pandemic change. NAW Institute Fellow Brent Grover will lead the discussion -- you don't want to miss out! Register today!
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