Thought Leadership and Software for Wholesale Change Agents
Distribution Industry News
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MSC Industrial Tops Q3 Forecasts as Digital and Service Upgrades Pay Off
“This quarter reflects meaningful progress,” said CEO Erik Gershwind. “We’ve launched new growth efforts and continued to expand our customer service offerings.”
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TD SYNNEX Acquires Apptium to Expand Cloud Commerce and Services Portfolio
Apptium provides a cloud-native platform that supports e-commerce, billing, fulfillment, and subscription management.
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Graybar Appoints a Key Executive to Lead AI and Digital Transformation Efforts
Edward Fenton most recently served as vice president of customer and field platforms at Ecolab, where he oversaw enterprise-wide digital engagement and modernization initiatives.
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GMS Tells Employees It’s “Business as Usual” After $5.5 Billion Acquisition Deal with SRS
An internal Q&A posted in an SEC filing, stated that GMS’s current strategy and customer focus will not change in the near term.
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U.S. Manufacturing Contracts for Fourth Straight Month as Orders and Jobs Decline
The reading reflects ongoing contraction in a sector weighed down by falling new orders, declining employment, and uncertainty over trade policy.
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MSC Industrial Profit Falls 21% on Slower Sales, Tighter Margins
Year-to-date, MSC has generated $2.79 billion in revenue, a 2.7% decline from the $2.87 billion reported in the first nine months of fiscal 2024.