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October 6, 2022
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Top Story
Grainger, Fastenal, Genuine Parts' Motion unit and WESCO all posted solid sales growth in the second quarter, suggesting that the overall economic outlook remains strong, writes Industrial Distribution's Jack Keough. Amazon Business' strong performance is another positive sign, Keough writes.
Full Story: Industrial Distribution (10/4) 
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Wakefern recently launched the second season of its podcast, which began last year to help mark the company's 75th anniversary. Guests "include leaders of our organization as well as guests from the food industry," and more shows are possible, communications leader and podcast producer Marla Camins said.
Full Story: Marketing Brew (10/4) 
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The automotive industry is shifting toward electric vehicles while recovering from supply chain disruption, and M. Holland is innovating and working with new suppliers to help meet the evolving needs of both established equipment manufacturers and new players, said executive Dwight Morgan. "It is a totally different world today," with many companies seeking products that support lightweighting, sustainability and other trends, said Morgan.
Full Story: Plastics News (tiered subscription model) (10/4) 
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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!
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Operations and Technology
Distributors can effectively manage inventory levels during supply chain disruptions and slowdowns by analyzing SKU movement data, overlaying that with sales data on top customers and compiling and analyzing lost data, writes John Gunderson, senior leader at Dorn Group. In addition, "[i]f demand slows, make quick adjustments to your inventory cost basis as needed," Gunderson advises.
Full Story: Modern Distribution Management (tiered subscription model) (10/4) 
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What Retailers Need to Know
Retailers count on their store employees to implement new technology, launch initiatives, engage with customers and work efficiently. Employee engagement is the key to connected commerce and improving store comms can boost employee retention and execution. In this white paper Zipline explores how retailers can properly engage their frontline employees. Download the white paper
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Sales and Marketing
Wait! Read this before filling open sales team position
(Tim Boyle/Getty Images)
Sales managers should wait a few beats before rushing to fill a newly empty team slot, first analyzing exactly what's needed in the job and then asking several pointed questions, Stephanie Downs of The Center for Sales Strategy recommends. Downs walks managers through prioritizing three key areas before tackling the selection process, which includes a sales talent assessment.
Full Story: The Center for Sales Strategy (10/3) 
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Surprising sales tool: Customer service staff
(Pixabay)
Sales and customer service are intertwining to create "a seamless journey for the customer," and the two departments must work together to achieve maximum success, according to Harvard Business School professor Frank Cespedes, author of "Sales Management That Works: How To Sell in a World That Never Stops Changing." Because customers often research a purchase long before talking to a salesperson, leaders should ensure that everyone is equipped with the best information to aid with the original sale, service and upselling.
Full Story: Forbes (tiered subscription model) (10/1) 
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The Business Leader
Using humor in your business presentations can alleviate the potential boredom of dense data and keep your audience engaged, writes Jim Anderson. "We can create humor with our audience simply by taking the time to interact with them during our speech," Anderson writes.
Full Story: The Accidental Communicator (10/4) 
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The best leaders are those who always seek to learn more from their customers and their employees so they can develop both their teamwork skills and knowledge on how to handle conflicts and challenges, writes Kevin Kehoe, co-founder of Aspire Software. "Developing teamwork is especially important for young companies as roles are often blurred, systems are absent and deep relationships have yet to be established," Kehoe writes.
Full Story: Real Leaders (10/3) 
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The NAW Billion Dollar Company Roundtables are an exclusive community of thought leaders from Billion Dollar 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 at or above $1 billion in annual sales. Register today!
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I didn't sing anything that was wrong. I just told the truth.
Loretta Lynn,
singer, songwriter
1932-2022
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