Kristen Foth Joins Rivet|MRO As Director Of Marketing Services
LAKE ST. LOUIS, MISSOURI— Rivet|MRO is pleased to announce that Kristen Foth has joined the firm as its Director of Marketing Services. Kristen Foth, Director of Marketing Services “We’re thrilled to have Kristen on the team,” said Rivet|MRO principal, Tim Rasmussen. “Kris brings more than 20 years of industrial marketing experience to the table and […]
US Manufacturing Activity Grows for The 12th Month Straight
The month of May saw increased growth in U.S. manufacturing. According to the Institute of Supply Management its index of activity from a reading of 60.7 to 61.2 between April and May. An article from ABC further explains this growth in the manufacturing sector. When looking at the data, any reading over 50 indicates expansion. […]
What Buyers Look For When Shortlisting New Suppliers
Buyer agents look for the best-suited suppliers for their company’s needs. For many researching and comparing distributors is essential for their selection process. But can companies do anything to help get onto their shortlist? According to Thomas, the answer is yes. Their article below shares survey responses from buyers stating what they look for when […]
US Census reports wholesale trade sales up 43.6% in April
The latest U.S. Census Bureau report shows that wholesale trade sales improved 0.8% when comparing it to April of 2020. An MDM article summarizes the report more. The total inventories have also increased among merchant wholesalers. The total inventories totaled $698.0 billion by the end of April. This was a 0.8% increase from March. This […]
Why Industrial Companies May Struggle to Meet Digital Sales Demand
The lingering effects of the pandemic have shifted the purchasing behavior between businesses. This includes the surge of e-commerce activity, forcing many companies to adapt their digital abilities to meet this new demand. With restrictions now lifted, companies have grown accustomed to their new methods of conducting online sales. An article from Industry Today explains […]
Reshoring Could Potentially Drive $443 Billion in U.S. Economic Opportunity.
U.S. companies begin to shift business back within the country. According to the Thomas Index report, 83% of North American manufacturers are likely or extremely likely to reshore. This is a major increase from March of 2020 in which only 54% of respondents said they planned to reshore. The report found that the automotive and […]
Industrial Businesses can Prepare for a MASSIVE Spending Boom in 2021!
Despite the recent economic downturn, experts suggest an economic upswing resulting in increased business spending. This may indicate that businesses can expect an increase in demand from their customers. An article by Thomas explains further what predictions experts are making. According to the article, the Institute of Supply Management expects 15 of the 18 manufacturing […]
Distributors Continue to Move Forward Despite Supply Chain Disruptions.
A multitude of issues have popped up and disrupted the supply chain. From the Suez Canal blockage this past March to demand fluctuations, distributors have faced many challenges. An article from MDM gives more insight into the ways distributors are navigating through the messy supply chain. Distributors are responding to these disturbances the best they […]
How Distributors Can Generate Growth While Operating Remotely
Due to the pandemic, many businesses have adopted remote practices. Although this has allowed companies to continue operating, new challenges have arisen. Some distributors have found traditional growth methods to be less accessible in remote environments. However, this doesn’t mean these tried-and-true methods can’t be revised. An article by Industrial Distribution outlines a few tips […]
Optimism and Activity Rising Among US Businesses
The Federal Reserve stated recently that economic activity has been steadily increasing in the past weeks. With vaccinations becoming more and more common among the American population, US businesses are feeling increasingly optimistic about the future. From February to April, the Federal Reserve reported increased economic activity, strengthened consumer spending, and expanded manufacturing activity. On […]
