News

The most consequential long-term signal for the distribution industry was Lowe’s $250 million commitment through the Lowe’s Foundation to train approximately 250,000 skilled tradespeople.

The combination of war-related energy costs, tariff-driven supply constraints and lengthening lead times mirrors the conditions that pressured distributor operations through 2021 and 2022.

Pride Seals has operated for 30 years as a distributor and service provider of specialty sealing products for industrial customers

SPI Health and Safety has appointed company president Kim Levesque as president and chief executive officer, formalizing a leadership structure the company said had already been operating in practice for several years.

Growth was driven primarily by increased customer demand for data storage and servers, networking products, software and mobile devices, CDW said.

CEO John Wiborg said the company sees additional opportunities to accelerate organic growth by creating separate teams focused on new customer development and existing account expansion.

Ronald Guzior, CEO and president of Richards Building Supply, said the acquisition strengthens the company’s position as a family-owned independent distributor and expands its geographic reach in the West.

Home Depot has evolved its sourcing logic to route orders to the optimal store based on distance, inventory availability and speed of delivery — an approach the company calls “ship from best location.”

The Federal Reserve said total industrial production increased 0.7% in April following a revised 0.3% decline in March. Manufacturing output rose 0.6%, while utilities production increased 1.9%. Mining output slipped 0.1%.