THE B2B ECOMMERCE CATALOG: WHAT YOU NEED TO KNOW
#TUESDAYTIDBIT B2B catalogs have grown and evolved from the earliest days of business when companies often exchanged catalogs by mail. In the past, catalogs were usually paper-based, so it was necessary to use primitive ordering methods such as email, phone, or fax. Also, they were hardly ever updated and costly to distribute. What does this […]
JANUARY U.S. MANUFACTURING SALES TICK UP, INVENTORY DIPS
#TUESDAYTIDBIT On March 15, the U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments for January — adjusted for seasonal and trading day differences but not for price changes — was estimated at $1.847 trillion, up 1.5% from December 2022 and up 5% from January 2022. What does this […]
HOW TO USE VIDEO MARKETING FOR B2B SALES
#TUESDAYTIDBIT Over the last few years, video services have certainly taken off. YouTube is now one of the largest visual search engines out there and social media platforms such as Facebook and Instagram now include video elements. However, not all B2B companies are using this as a marketing strategy, which is a real shame. Video […]
CUTTING TOOL CONSUMPTION CLIMBED 11% IN 2022
#TUESDAYTIDBIT December 2022 U.S. cutting tool consumption totaled $188.4 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 3.1% from November’s $194.4 million and up 14.6% when compared with the $164.3 […]
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 […]
