Distributors have largely weathered the pandemic and performed well in the first half of 2022, despite inflation and ongoing supply chain disruptions, says Brian Lewandowski, executive director of the Business Research Division at the University of Colorado Leeds School of Business. The sector should see 15% growth for the rest of this year, but lingering uncertainty means that growth will likely slow in 2023 and possibly shrink, Lewandowski predicts.
Amazon's first drone deliveries are set to take off in rural Lockeford, Calif., later this year, the company said Monday, nine years after founder Jeff Bezos first announced plans to deploy delivery drones. Amazon received approval from the Federal Aviation Administration two years ago to start using delivery drones in the US, and it says its system allows the drones to detect other objects to avoid collisions in the air and on the ground.
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Protecting data privacy is one way blockchain technology can provide supply chain process transparency, writes Rob Viglione of Horizen Labs and the Zen Blockchain Foundation. "A network of blockchains enabled by a zero-knowledge protocol lets applications verify information without revealing the information itself," Viglione explains.
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The business-to-business landscape has completely transformed over the past few years, requiring B2B marketers to update their tactics to engage more effectively with prospects, industry experts say. They suggest increasing the use of multimedia and using more video marketing, providing social proof, hosting Twitter chats to engage users on industry topics and developing an in-depth knowledge about audiences.
Increasing consumer adoption of QR codes offers brands new opportunities to engage with and learn more about customers, suggests Noissue CEO Josh Bowden. To maximize QR codes, Bowden suggests including a visual call to action, offering information on corporate values or the brand story, gathering feedback, tying them to a social experience and encouraging sharing.
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A person exhibiting stress might appear more likeable to others, according to university research from the UK. Subtle behaviors associated with anxiety, such as when people touch their face or hair, might create positive feelings in other people, according to the research, in which study participants observe fake job interviews.
Leaders can create thriving companies by leading with strength, principle, integrity, nurture and energy -- or SPINE -- as John Baldoni writes. "Leading with spine creates an expectation of focusing on doing what is right to achieve results that improve the whole," Baldoni writes.
The NAW Large Company Roundtables are an exclusive community of thought leaders from Large Company 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 $100M and $999M in annual sales. Register today!
