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August 19, 2022
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Digi-Key Electronics has completed a 2.2 million-square-foot distribution center expansion in Thief River Falls, Minn., making the warehouse one of the 10 largest in the country and as big as 22 football fields. The project cost $400 million and includes 27 miles of automated conveyor systems.
Full Story: Star Tribune (Minneapolis-St. Paul, Minn.) (tiered subscription model) (8/17),  KNOX-AM (Grand Forks, N.D.) (8/18) 
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Distributors that want to pursue mergers and acquisitions should take the time to evaluate a target company's culture and processes to ensure compatibility, according to consultant Amira elAdawi. "The gaps can't be things that you cannot possibly bridge," elAdawi said.
Full Story: Industrial Distribution (8/17) 
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Amazon to implement temporary holiday fee for sellers
(Shutterstock / Ascannio)
Amazon is raising its third-party seller fees for Fulfillment by Amazon users by 35 cents per item between Oct. 15 and Jan. 14 for goods sold in the US and Canada. Amazon says it's introducing the holiday season surcharge to offset rising costs.
Full Story: CNBC (8/16) 
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Explore the potential of retail with 5G.
Join a discussion with Mall of America's Aaron Nielsen and T-Mobile's Roopi Crowley as they explore how retail has put 5G in action--from better customer experiences with 5G-enabled VR to streamlined inventory management via connected POS systems. Register Now.
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Operations and Technology
Congestion at West Coast ports and resultant shipping delays have led importers to seek relief from East Coast and Gulf Coast ports, adding bottlenecks. Increased inbound cargo has stretched land-side operations and has pushed storage capacity to the brink, industry officials say, with Lori Fellmer of the National Industrial Transportation League calling the situation "a horror show."
Full Story: The Wall Street Journal (8/17) 
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"[S]ophisticated, industry-specific models" are the best approach to adjusting supply networks, as the wrong approach can turn your network from a sail into an anchor, four McKinsey analysts write. Models for consumer electronics, pharmaceuticals, medical devices and apparel show how the various trade-offs work best for different industries.
Full Story: McKinsey (8/17) 
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Sales and Marketing
HubSpot Blogs research reveals 66% of consumers have watched video content, such as product demonstrations and reviews, to learn about a brand or product, and do so primarily for relaxation (32.8%), entertainment (26.3%) and to explore a passion or interest (13.3%). Production value is at least somewhat important to 64% of consumers, while videos lasting one to three minutes are favored over other lengths.
Full Story: HubSpot (8/15) 
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Salespeople need to know when leverage can be at play -- on their side or the potential customer's -- sales trainer Clint Babcock writes. Sales leaders can talk to teams about ownership, skill, time and five other leverage levers, and Babcock explains how to use them wisely.
Full Story: Sandler Training (8/17) 
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The Business Leader
With more employees over the age of 55, ergonomic practices should be considered a worthwhile investment by organizations, writes Ariel Jenkins, assistant vice president for risk services at Safety National. Ergonomics practice means reducing fatigue and discomfort in work, including "repetitive motion, bending, stooping, overreaching and wrist deviation," writes Jenkins, who discusses steps companies can take.
Full Story: PropertyCasualty360 (free registration) (8/15) 
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Writing out a speech before you deliver it can help generate new ideas and better ways to tell the story you want to relate to your audience, writes Jim Anderson. "The great thing about writing your speech out is that when you are both the writer and the speaker, you may end up motivating and inspiring yourself, as well as your listeners, to greater heights," Anderson writes.
Full Story: The Accidental Communicator (8/16) 
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The NAW Large Company Roundtables are an exclusive community of thought leaders from Large Company distribution enterprises who congregate to network with noncompeting peers in multiple lines of trade on key issues. The companies invited into this community are from distribution firms with annual sales between $100 million and $999 million. Register today!
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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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Listen to your life. See it for the fathomless mystery it is.
Frederick Buechner,
writer, poet, preacher, theologian
1926-2022
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