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June 2, 2022
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Distributors can stay on top of operations as they become more complex by stratifying different segments, including product, sales, warehouse space and suppliers, writes Pradip Krishnadevarajan, co-founder and managing director of ActVantage. "One of your main goals with stratification should be to identify your core business: core customers, core products and services, core suppliers, etc.," Krishnadevarajan writes.
Full Story: Industrial Distribution (5/31) 
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How 179-year-old Stanley Black & Decker is embracing digital transformation
To Stanley Black & Decker, digitalizing the company means more than simply launching an e-commerce website. It means rethinking how they conduct business and how to engage with customers. Learn how they are staying ahead of this always-on connected modern world. Download the case study.
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Operations and Technology
The logistics market could soon feel the effect of Amazon's slowing growth and the company's plan to sublease at least 10 million square feet of warehouse space, although analysts predict other retailers can pick up the slack. "Other supply chain companies are still ramping up, which is likely to offset the negative effect from Amazon," Cohen & Steers senior portfolio specialist Evan Serton says.
Full Story: The Wall Street Journal (5/31) 
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Report: Robots gaining ground at N. American businesses
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North American businesses across industries bought 11,595 robots in the first quarter, up 28% from the same period last year, according to the Association for Advancing Automation. Quarterly robot orders by non-automotive customers surpassed those by automotive firms, and A3 President Jeff Burnstein predicts adoption will "continue to rise in every industry, and at companies of all sizes" as robots become less expensive and easier to use.
Full Story: CSCMP's Supply Chain Quarterly (5/31) 
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Global Regulatory Requirements for Emergency Response Telephone Numbers
CHEMTREC has created an indispensable guide to help companies, like yours, be compliant and prevent, manage, and minimize the impact of incidents around the world. Download your copy today.
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Sales and Marketing
Salespeople with a deep knowledge of their product or service can make unique offers to customers without relying on a canned sales script, writes CRMDialer President Dimitri Akhrin. Salespeople who know the limits of what they're selling are also better equipped to handle questions and customer resistance, Akhrin writes.
Full Story: Forbes (tiered subscription model) (5/27) 
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What podcast listeners want from ads
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Good podcast ads are read live, ideally by hosts, are relevant to the content, aren't interruptive of the listening experience and avoid repetition, according to Americans surveyed by Voices. The research found 3 out of 5 listeners trust podcast ads and 52% of Generation Z listeners have made a purchase due to an ad.
Full Story: SmartBrief/Marketing (5/31) 
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News, Without Motives
"I was skeptical of your claim to present unbiased news, but 1440 delivers! Finally a news source which is neither left nor right." Join for free today.
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The Business Leader
Reflexively offering advice or dismissing a colleague's concerns during conversations can lead you to miss important information, write medical professionals Rebecca Minehart, Benjamin Symon and Laura Rock, who recommend pausing before speaking and thinking about the goals of the conversation. "Through intentionally applying new ways to listen, we build relationships, understand others, and collaborate and problem-solve more effectively," they write.
Full Story: Harvard Business Review (tiered subscription model) (5/31) 
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The "OARS" technique that focuses on asking open questions, affirming good traits, reflecting back emotions and summarizing key points can help motivate people to change, writes Eric Barker. Questions that focus on why someone wants or needs to change can also help people reflect on those areas and feel motivated to do something different, Barker writes.
Full Story: Barking Up The Wrong Tree (5/30) 
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Breakthrough Education = Groundbreaking Results
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Are you looking for professional development programs to help you retain and develop your key personnel? If yes, then the NAW Certificate in Distribution Professional Management program will help your leaders reach their highest performance levels. Learn more.
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I need some new attitudes, some new affirmations and denials.
Lionel Trilling,
writer, literary critic, essayist, educator
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