Advance Auto Parts has hired more than 360 workers who have autism, are deaf or have partial hearing loss in the past three years, and the company plans to expand the program. "This is a great, largely untapped resource for talent out there, and with everybody needing that talent, it just makes sense," says Eric Schaeffer, a diversity, equity and inclusion official at Advance Auto Parts.
Watsco reported fourth-quarter earnings of $78.9 million on revenue of $1.51 billion, both up from a year earlier. The distributor also reported full-year profit of $418.9 million on revenue of $6.28 billion.
Linde earned $1.02 billion in the fourth quarter, up from $769 million in the year-ago period. The company had quarterly revenue of $8.30 billion, up from $7.27 billion.
What trends will move digital commerce in 2022? Pivotree experts share their predictions for 2022 across three critical areas of commerce: Supply Chain, eCommerce, and Data Management. Join us for an interactive chat to find out when and how supply chain woes could ease up, the trends we expect to accelerate, and 3 areas of CX to focus on. Watch the webinar.
Ninety percent of supply chain executives surveyed by McKinsey intend to make major changes to supply-chain-planning IT through 2027, many of which will integrate artificial intelligence, data analytics and machine learning into a broad range of tasks and decision making. McKinsey experts discuss the challenges of IT upgrades -- such as high costs, difficulty in choosing vendors and investments that fail to fulfill expectations -- and offer several solutions.
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Distributors may be tempted to offer discounts when their businesses are struggling, but doing so hurts future profits and "devalues your solution," writes sales trainer Paul Reilly. "Rather than lowering the price, increase the total value of your solution," Reilly advises.
The federal government plans to investigate the warehouse and logistics industry's pay and time-off practices in light of the use of contract staff. "One of our biggest challenges is that there are business models that are designed specifically to call a worker an independent contractor in order to avoid the payment of minimum wage and overtime," says Jessica Looman, acting administrator for the Department of Labor's Wage and Hour Division.
The Eisenhower Matrix is a tried-and-tested framework for determining the relative importance and urgency of your tasks so you can know what to do, delegate and remove, writes Lara Hogan. "Be sure to plot work based on what's true for you, rather than what you think you 'should' be doing," Hogan writes.
Help your company develop strategic thinkers and an agile team when your employees participate in this one-week course. The NAW Distribution Leadership Program draws on the latest business practices, tailored to the distribution industry, and those business practices are delivered by award-winning faculty from The Ohio State University's Fisher College of Business. Register your leaders today!
