AmerisourceBergen reported earnings of $548.01 million on $57.72 billion in revenue in its fiscal second quarter. Both figures improved upon year-ago results.
Owens & Minor had a profit of $39.3 million on $2.41 billion in the first quarter, during which it completed its $1.6 billion acquisition of Apria. Revenue increased from $2.32 billion a year earlier.
The ODP Corp. earned $55 million in the first quarter on revenue of $2.18 billion. Sales in its business solutions unit were up 9% from a year earlier.
Wholesale distributors face complex challenges in this digital-first world — managing exemptions, monitoring nexus requirements, and navigating compliance obligations. Avalara CRUSH Global on May 17-18 offers insights into trends and tools for today's tax landscape. Register for FREE!
Almost 60% of business-to-business decision-makers responding to a 2021 BigCommerce survey say they are using headless commerce and plan to keep doing so, while another 29% aren't using it but are thinking about it. However, Forrester's Joe Cicman says that buyers should be aware of the differences between headless solutions, as well as their limitations.
Industrial real estate construction activity rose by 48% year-over-year in the first quarter, but the long-term increase in space won't immediately help warehouse renters, who are witnessing a 27-year low in industrial vacancy rates that averaged 4.7% nationwide and fell to 1.6% in Southern California, according to a report from commercial real estate firm Savills. Meanwhile, renters are facing sold-out space near ports, double-digit rate increases in top areas and a tight labor market that's pushing average advertised warehouse wages to just over $17 per hour in March, compared with just under $15 per hour in the same month a year ago.
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Business-to-business marketers say their top priority this year is "addressing changing buying behaviors" and 83% say buyers view brand purpose as important, according to Forrester. "More than ever before, B2B CMOs need to play a pivotal role in driving the longer-term growth agenda of their organizations," says Forrester's Sharyn Leaver.
Better Days or More Ships Stuck at Sea Get started today on rethinking your entire supply chain strategy — from upstream to downstream. Download the eBook to learn more.
Simon Sinek's famous "start with why" adage is just step one, as ideas require a singular purpose that aligns with organizational goals and culture, writes Denise Lee Yohn. "If you only want to use your purpose as a cause -- and the function and culture of your organization isn't aligned with it, you risk setting it up to remain a rallying cry or inspirational message," Yohn writes.
Top 7 Retail Distribution Models You have products to sell. And customers that want to buy them. But do you know the best ways to get your products to your customers in a timely and cost-effective way? Explore the top 7 retail distribution models in this e-book. Download now
If you are looking for insights on creating and building your marketplace strategy, NAW offers this free webinar for distribution leaders on Marketplace Disruption and Strategic Response on Thursday, May 12, 2022. You will hear from Ian Heller, Co-founder and Chief Strategy Officer at Distribution Strategy Group, and Alex Moazed, founder and CEO of Applico. These two Thought Leaders along with a panel of distributors, will discuss their own marketplace strategies and share the business decisions that led to their specific strategies. Be sure to register today!
The NAW Billion Dollar Company Roundtables are an exclusive community of thought leaders from Billion Dollar distribution enterprises who congregate to network with non-competing peers in multiple lines of trade on key issues. The companies invited into this community are from distribution firms at or above $1 billion in annual sales. Register today!
