Distribution Industry News

Provi has named former Olo and Tock executive Matthew Tucker chief executive officer, succeeding founder Taylor Katzman as the beverage alcohol marketplace develops purchasing and sales tools for distributors and their customers.

For distributors buying Canadian-made products, the increases point to potential pressure on purchasing costs, depending on their suppliers, contracts and product mix.

Arrow Electronics has selected Rodney Clark to succeed Eric Nowak as president of its Global Enterprise Computing Solutions business as Nowak prepares to retire after 22 years with the company.

Tom Reynolds, executive vice president of acute care, said the facility would expand capacity and operating flexibility in Michigan. He said the investment is intended to strengthen service to healthcare providers across the state and the broader Midwest.

The Ohio project follows recent additions in Renton, Washington; Ste. Thérèse, Quebec; and Mexicali, Mexico. Together, those investments have added more than 100,000 square feet to the company’s North American distribution network, positioning inventory, and services closer to manufacturing customers.

DigiKey said it expects growth exceeding 50% this year, followed by double-digit growth in 2027.

The number of customer locations spending at least $50,000 a month with Fastenal grew 19%, from 2,800 to 3,300. Sales to those locations increased approximately 28%.

Diesel prices also rose sharply. In the report’s intermediate-demand category, which tracks goods and services sold to businesses for use in production and operations, diesel fuel prices increased 21%.