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November 3, 2022
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Top Story
McKesson earned $926 million in its fiscal second quarter, more than three times the $267 million it earned in the year-ago period. The company had quarterly revenue of $70.16 billion, up 5.4% from $66.58 billion.
Full Story: RTT News (11/1) 
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SiteOne Landscape Supply had third-quarter revenue of $1.1 billion, up 18% from $936.4 million a year ago. The distributor reported quarterly profit of $73.3 million, down from $80 million in the year-ago period.
Full Story: RTT News (11/2) 
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Owens & Minor earned $12.5 million in the third quarter on $2.5 billion in sales. Revenue from the company's Patient Direct segment grew by 142% to $594 million following the March acquisition of Apria.
Full Story: MassDevice (Boston) (11/2) 
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Increase Throughput & Accuracy with AI
Keep pace during Peak season! Learn how AI-powered robots can help meet your Peak goals. Join Marin Tchakarov, CEO of Kindred, and Anne Marie Neatham, COO of Kindred on the webinar "Increase Throughput and Accuracy During Peak with AI" to learn more. Access Webinar
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Operations and Technology
Truckload carriers have raised salaries this year, and unfilled driver jobs have decreased 4% as a result to 78,000, but a driver shortage is likely to persist as the workforce ages and as freight demand increases. Industry experts expect the shortage to surpass 160,000 jobs by 2031 if no changes are made.
Full Story: Transport Dive (10/25) 
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Sales and Marketing
Artificial intelligence can be used for keyword research and finding content ideas, as well as analyzing existing content and spotting trends in your industry. While there are many AI-based writing tools, "they cannot yet replace humans in my experience," writes Armando Roggio, an e-commerce specialist.
Full Story: Practical eCommerce (10/25) 
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The Business Leader
Leaders who are centered on their people develop a clear, compelling vision, communicate the purpose behind the work, hire good managers and know who their top talent is, writes Joel Trammell, a former CEO and the owner of Texas CEO Magazine. "In the twenty-first century, leaders who can influence, motivate, and bring people together are the ones who will outpace their competitors," Trammell writes.
Full Story: Texas CEO Magazine (11/1) 
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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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My qualifications were such there's no way I would've hired myself.
Vince Dooley,
American college football coach, athletic director
1932-2022
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