Manufacturing Activity Continues to Grow in April
Whatever it is, the way you tell your story online can make all the difference. Along with manufacturing, the overall economy has seen growth for the 11th month in a row, according to the Institute for Supply Management’s monthly report. The Purchasing Managers Index (PMI) for April was 60.7%, well above the 50% level that indicates […]
How Have Industrial Employees’ Expectations Changed Due to COVID-19?
The pandemic has undeniably effected workplaces across all industries, and this is especially true of the industrial sector. Employees went through layoffs, unusual workplace conditions, and extra work-safety protocols. Throughout a year of unexpected changes, employees adapted their expectations in some obvious and not so obvious ways. Whether it’s expecting more attention to health and […]
Happier Employees Are More Productive Employees
According to an article by MDM, employees that have a more positive mindset are 30% more productive than those that don’t. While the past year or so has been anything but easy, if distributors can improve the overall mood of the workplace, both workers and managers benefit. As we slowly-but-surely transition back into a more normal work environment, […]
Manufacturing in the U.S. Reaches 37-year High
With this news, it appears all signs point to a much needed economic boom in the near future. Last month the Institute for Supply Management index hit 64.7, the highest it’s been since December 1983. March saw an uptick in new orders that sparked the increase in manufacturing activity. Economists are optimistic about this year’s […]
JPMorgan CEO Predicts Economy to Come Back Strong from Pandemic
According to JPMorgan Chase & Co. CEO Jamie Dimon, factors like strong consumer savings and expanded vaccine distribution could lead to an economic boom all the way into 2023. Dimon gave this prediction to his shareholders in his annual letter, which is much more optimistic than last year’s outlook. To read more about Dimon’s predictions, […]
Manufacturing Grows for the Tenth Straight Month
Despite supply chain and talent struggles, March was a good month for manufacturing. According to the Institute for Supply Management (ISM), the manufacturing Purchasing Manager’s Index reached 64.7% in March. This makes March the tenth month in a row that the industrial economy has seen growth since the steep decline experienced in April 2020. Similarly […]
How the Industrial Supply Association is Strengthening the Industrial Channel
ISA leaders offer helpful advice on how businesses can stay relevant amidst industry change. By addressing obstacles like talent and recruitment challenges and properly utilizing digital channels, the ISA hopes to provide information to strengthen the industry as a whole. The ISA is also hosting its first virtual convention in 2021, and hope that this […]
How did public distributors perform in the fourth quarter of 2020?
Although 2020 was certainly an unusual year for everyone, it’s hard to say exactly what effect the pandemic had on the industrial industry. MDM.com came up with a helpful list of how public companies in distribution performed during the October-December quarter of 2020. Some of the companies performance may come as a surprise to many. […]
U.S. Manufacturing Activity Hits 3-Year High In February
Recently the Institute for Supply Management reported that manufacturing activity jumped to 60.8% last month, which is the highest performance since February 2018. The survey also found that optimism was on the rise, with five positive comments for every cautious comment. According to PBS News Hour, this increase in manufacturing activity can be attributed partially […]
The February Manufacturing PMI Up by 2.1% compared to January
The manufacturing PMI is now up to 60.8 percent in February, which marks the ninth month in a row that we’ve seen expansion in the overall manufacturing economy. This is good news as it indicates a trend of recovery since the start of the pandemic. Further supporting this information, 16 out of the 18 manufacturing […]
