Fastenal earns more in Q1 as sales rise across categories | Producer price index up 11.2% in March from a year ago | Report: Injuries among Amazon warehouse workers increase 15%
Fastenal earned $269.6 million in the first quarter on net sales of $1.7 billion, with both figures improving from a year ago. The distributor reported gains of 24.6% in overall daily sales and 14.8% in "other product" daily sales, which is Fastenal's largest product segment.
The producer price index rose 1.4% in March on a monthly basis and 11.2% from a year ago, according to the Labor Department. Core PPI, which excludes such categories as energy and food, rose 0.9% for the month and 7% for the year.
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Distributors can reduce customer churn by paying more attention to gradual decreases in orders, taking different sales approaches to different-sized customers and offering frequent deals via email or mail, say Ian Heller and Jonathan Bein of Distribution Strategy Group.
E-commerce sellers in business-to-business and business-to-consumer are increasingly adopting transportation management systems and automated sorting for parcel shipping to address issues with delivery and transportation, according to a Saddle Creek Logistics Services survey. Many respondents also saved money on labor and other costs by using material handling equipment/automation/robotics.
The number of automated micro-fulfillment centers measuring below 50,000 square feet will jump from 86 in 2021 to roughly 7,300 by 2030, according to research by Interact Analysis. Walmart, Tesco and other grocery retailers that want to broaden same-day delivery will drive growth in the short term, while rapid delivery firms such as Delivery Hero and GoPuff will fuel longer-term adoption, the London-based firm predicts.
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Business-to-business buyers overwhelmingly prefer video, according to a recent study by Brightcove and Ascend2, which found that 97% of B2B buyers are more open to being contacted by sales after watching a video and 93% say videos increase their trust in a brand. The study -- which surveyed more than 300 professionals from US and UK firms with annual revenue of at least $50 million -- found 70% of respondents prefer video as their favorite content format, followed by research reports at 44% and webinars at 40%.
How to offer fast and reliable delivery Consumers want their goods — fast. And when that order arrives, they expect it to be right. Join Pivotree and Fluent Commerce as they discuss 5 key success factors for fast retail delivery. Watch the webinar.
A regular day of complete rest away from work can improve your creativity and should consist of doing "things that nurture your soul" and provide quiet time alone, says Denise Lee Yohn in this video and blog post. "Block off your calendar and don't allow any last-minute commitments or interruptions to creep into your sabbath time," Yohn says.
