Based on 10 months of data, this year’s anticipated revenue growth for U.S. wholesale distributors ticked upward. It rose from October’s forecast of 20.8% to 21.3%. An MDM article explains further why this is the case.
Looking at all 19 individual sectors of U.S. wholesale distribution channels, there was both positive and negative movement. Brian Lewandowski, executive director of business research division at Leeds, says that automobiles, electrical, and electronics tend to expect slower growth than previously anticipated. On the other hand, there was an upward revision in oil and gas products to 92% growth year over year for the 4th quarter of 2021. Lewandowski attributes the overall increase in the industry to there was an upward revision in oil and gas products to 92% growth year over year for the 4th quarter of 2021. To learn more, check out the full article by clicking the link below.
https://www.mdm.com/blog/research/economic-trends/wholesale-distribution-revenue-growth-rate-ticks-upward/?MailingID=%CAMPAIGNID%&utm_source=MDM+Update+Newsletter&utm_medium=Newsletter&utm_campaign=1100003729&oly_enc_id=3803J1477578A7W
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