Created for [email protected] |  Web Version
September 26, 2022
Connect with NAW LinkedInFacebookTwitter
NAW SmartBrief
News for the wholesale distribution industrySIGN UP ⋅   SHARE
ADVERTISEMENT
Top Story
Digital commerce will generate $3.81 trillion for distributors this year, a 25% increase from $3.05 trillion last year, while business-to-business e-commerce will reach $1.4 trillion, up 25% from $1.12 trillion in 2021, according to Digital Commerce 360. Ed Kennedy of Adobe and Jason Capshaw of Dorn Group say distributors can get the most out of e-commerce by offering customization and personalization, even at a basic level.
Full Story: Digital Commerce 360 (9/22),  Modern Distribution Management (tiered subscription model) (9/22) 
LinkedIn Twitter Facebook Email
One-fifth of distributors are creating data analytics for dashboards and reports, but only one-tenth are actually "using the output of analytics to make decisions and improve the bottom line," writes Pradip Krishnadevarajan, co-founder and managing director of ActVantage. To properly act on data, distributors should ask several questions, including what the data will be used for and how data-driven insights will benefit users, Krishnadevarajan writes.
Full Story: Industrial Distribution (9/21) 
LinkedIn Twitter Facebook Email
A Wall Street Journal analysis of 3,512 trucking contractors used by Amazon since February 2020 found that over 1,300 had unsafe driving scores that were worse than the level that usually spurs disciplinary action by the Transportation Department, and bad scores were more frequent among contractors that drove for Amazon more often. More than 75 people have been killed in accidents caused by drivers for Amazon contractors since 2015, the analysis found.
Full Story: The Wall Street Journal (9/22) 
LinkedIn Twitter Facebook Email
Developing Distribution Leaders Since 2001
The Master of Industrial Distribution at Texas A&M University is an online, part-time, graduate degree for working professionals with immersive learning experiences such as Residency Week, Capstone Project, and Global Trip. Learn more!
ADVERTISEMENT:
Operations and Technology
How logistics can help reduce food waste, ensure safety
(Pixabay)
Transportation choices play a key role in reducing food waste, ensuring product safety and controlling expenses, and item location forecasting, shipment consolidation, optimized trucking routes and automation can help achieve these goals, writes Robin Kix, renewal manager at Lance Surety. "By implementing these strategies, you can streamline your processes and realize increased profits without sacrificing safety," Kix writes.
Full Story: Food Safety Tech (9/20) 
LinkedIn Twitter Facebook Email
The number of shippers who say their relationship with third-party logistics providers is "successful" dropped to 83% this year, compared with around 90% in previous years, according to a study, and the authors say that may reflect 3PLs' struggle to handle increased demand. Meanwhile, 71% of shippers say their 3PLs offer innovative logistics improvements, but an equal percentage say they're contemplating consolidating their providers.
Full Story: CSCMP's Supply Chain Quarterly (9/19) 
LinkedIn Twitter Facebook Email
Can you spare a Brief moment?
You have been selected to participate in a short and anonymous survey. Click here to share your feedback.
ADVERTISEMENT
Sales and Marketing
Today's strongest marketing teams have learned to take a full-brain approach that strikes a balance between innovative creativity and the reliance on statistical data to develop memorable campaigns that elicit a strong response, writes Landmark Recovery Senior Vice President John Hood. "As you work through your ideas and analyses, both creative-minded colleagues and data-driven coworkers bring new ideas and perspectives to each other's work, bettering the content and creating more opportunities for success," writes Hood.
Full Story: Fast Company (tiered subscription model) (9/19) 
LinkedIn Twitter Facebook Email
A "fine dining" approach to customer acquisition focuses on the customer experience at every stage of the funnel, writes Dave Brock. Brock compares this experience to a cafeteria setting, where customers are ushered through each stage as quickly as possible with no one taking ownership of their experience.
Full Story: Partners in Excellence Blog (9/20) 
LinkedIn Twitter Facebook Email
The Business Leader
Creating a culture that allows employees to learn new skills will help companies maintain a competitive edge and reduce the amount of hiring that will be needed, writes Raghu Krishnaiah, chief operating officer at University of Phoenix. "Any CEO who balks at the cost of implementing upskilling programs should pause to consider the cost of standing still in today's business environment," Krishnaiah writes.
Full Story: Chief Executive (9/22) 
LinkedIn Twitter Facebook Email
Good mentors establish trust with their mentees so they can have difficult conversations, provide them knowledge and skills, and allow them the autonomy they need to learn their own strengths, say experts. "As a mentor, your role is to help guide and facilitate how that individual solves a problem or tackles an opportunity," says Diane Brink, a senior fellow and adjunct professor at the Kellogg School of Management at Northwestern University.
Full Story: Kellogg Insight (9/21) 
LinkedIn Twitter Facebook Email
NAW Insider
Exclusive Networking and Thought Leadership for Your Business
(NAW)
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!
LinkedIn Twitter Facebook Email
LEARN MORE ABOUT NAW:
Join NAW | Publications | Events | Legislative Issue Briefs
Business Services | NAW Career Center | Blog
Sharing NAW SmartBrief with your network keeps the quality of content high and these newsletters free.
Help Spread the Word
SHARE
Or copy and share your personalized link:
smartbrief.com/naw/?referrerId=lfbdlNyHyu
You've got to get to the stage in life where going for it is more important than winning or losing.
Arthur Ashe,
professional tennis player
LinkedIn Twitter Facebook Email
SmartBrief publishes more than 200 free industry newsletters - Browse our portfolio
Sign Up  |    Update Profile  |    Advertise with SmartBrief
Unsubscribe  |    Privacy policy
CONTACT US: FEEDBACK  |    ADVERTISE
SmartBrief, a division of Future US LLC ©
1100 13th St. NW, Suite 1000, Washington, DC xxxxxx