The Pros And Cons Of Printing Marketing Materials
Many distributors still rely heavily on print communication–which makes sense because often, the people buying their products are on the factory floor or in the field and do not have immediate online access. The key is to offer a mix or an option. Be sure to make electronic copies of sales literature available—and vice versa. […]
2022 Ad Owner/Member Sales Reach Record $74.9 Billion
AD reported record results for 2022 in owner/member sales, member purchases from AD suppliers, AD warehouse sales to AD members, net distributions to members, and operational efficiency. Congratulations to our Affiliated Distributors (AD) friends and clients on another record year! Rivet|MRO is proud to be an AD Service Provider!
5 Ways Distributors Can Compete With The B2B E-Commerce Giants
In a market where big B2B e-commerce players dominate, it’s understandable why smaller distributors may feel like the odds are stacked against them. Large online distributors and B2B e-commerce companies have strong buying power, big budgets and solid marketing campaigns in their favor. While competing with these big players may seem like a daunting task, […]
US Consumer Inflation Eases In December
Bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation declined to 6.5% in December compared with a year earlier, the government said Thursday. It was the sixth straight year-over-year slowdown, down from 7.1% in November. On […]
NAM Outlook Survey: Optimism Dropping
In a January 9 Economic Report, NAM Chief Economist Chad Moutray reports 68.9% of respondents to the Q4 2022 NAM Manufacturers’ Outlook Survey felt either somewhat or very positive in their company outlook, down from 75.6% in Q3. It was the weakest reading since the third quarter of 2020, with growth slowing notably across the board. […]
US Trade Deficit Narrows To Smallest Since Late 2020
The US trade deficit narrowed more than anticipated in November on a fall in imports, government figures showed early this month, with drops seen in pharmaceuticals and household goods. The overall trade deficit dropped $16.3 billion to $61.5 billion in November, according to Commerce Department data. This was the narrowest deficit since September 2020, and […]
2023 Economic Outlooks: Opinions From Multiple Industries
Our primary task at IndustryWeek is covering the manufacturing world, but we can’t get to every topic that might interest our readers. Thankfully, our parent company, Endeavor Business Media, has a lot of publications that regularly provide insights into various major industries and niche markets. As we wrap up 2022, here’s a look at how […]
Outlook ’23: Keep Watching Those Price Pressures
November’s Institute for Supply Management Purchasing Managers Index brought an end to two and a half years of “official” growth in the manufacturing sector when it dipped just below 50% thanks in large part to drops in new orders and hiring. What does this mean for your business? Read further with Rivet|MRO to find out!
Reshoring Will Transform American Manufacturing
Today’s manufacturing industry is no stranger to the practice of offshoring. For many years, manufacturing companies have migrated some (or all) of their operations overseas to reap the benefits of relatively inexpensive labor. How does this transformation affect your business? Read further with Rivet|MRO to find out!
Resonate, Differentiate And Substantiate: What Top Sales People Do Differently
Top-performing salespeople are more likely to understand their buyers’ need for value and make the case for value more strongly compared with their peers, according to recent research from RAIN Group. How does this information resonate with your business? Read further with Rivet|MRO to find out!
