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November 3, 2021
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Henry Schein earned $162.29 million in the third quarter, up from $141.70 million in the year-ago period. The health care distributor had quarterly revenue of $3.18 billion, up from $2.84 billion.
Full Story: RTT News (11/2) 
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McKesson earned $267 million in its fiscal second quarter on revenue of $66.58 billion.
Full Story: New Canaan Advertiser (Conn.)/The Associated Press (11/1) 
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What can an ERP do for your distribution company?
A lot more than you think. In any ERP (Enterprise Resource Planning), there are baseline features: accounts payable, receivables, inventory tracking, forecasting. But there are other must-have features that can improve margins, allow for faster growth, and help you compete more effectively.
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Operations and Technology
Port backlogs and the truck driver shortage have made cargo more vulnerable to theft, says Scott Cornell of insurance company Travelers. Electronics and refrigerated food are the most sought-after items, CargoNet reports.
Full Story: CBS News (11/2) 
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Robots that use a form of artificial intelligence called machine intelligence can work on their own without human instruction, allowing warehouse workers to focus on other tasks, writes Ben Ames. Other types of robots can take on jobs normally done by human workers, such as Hy-Vee's use of Tally robots to monitor inventory on store shelves.
Full Story: DC Velocity (11/2) 
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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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Sales and Marketing
Business-to-business marketers are at risk of feeling burned out during the pandemic, with the problem exacerbated by internal issues such as siloed structures, overly complicated tech stacks and a lack of data that reflects the changing buyer journey, writes Integrate's Colby Cavanaugh. Three steps can help B2B marketers position themselves for future success, Cavanaugh writes, including restructuring the marketing function for omnichannel buyers and implementing a connected tech stack.
Full Story: CMSWire (11/1) 
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The Business Leader
Forty-seven percent of employers say bias always or often interferes with managers' performance evaluation of employees and just 38% focus on an employee's competency and skill development during the process, according to research by Brandon Hall Group. Employers can improve performance evaluation and future-proof their workforce by ensuring managers ask themselves these seven questions about their team members.
Full Story: Training magazine (10/28) 
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NAW Insider
A Distributor's Playbook to Artificial Intelligence
(NAW)
In this 4-part series, we'll take distributors from the basics of Artificial Intelligence all the way up to adopting it within your business. Those that follow along can expect to learn how AI actually works, the way it will transform B2B sales, what kind of outcomes distributors can expect from it, and how it can be implemented successfully. Learn more.
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NAW 2022 Executive Summit: THE FUTURE OF DISTRIBUTION IS NOW!
(NAW)
The NAW Executive Summit is back in-person January 25 - 27, 2022 and it will be bigger and better than ever before! Learn more about the NAW 2022 Executive Summit.
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Posterity makes the judgments. There are going to be a lot of surprises in store for everybody.
Irwin Shaw,
playwright, screenwriter, writer
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