All the latest reporting and analysis from Distribution Strategy Group.
Strong capital investment and manufacturing activity continue to support demand for industrial products, technology and equipment, but weakness in wholesale trade suggests many distributors are still contending with cautious customer spending, inventory normalization and uneven order patterns.
The company said enterprise customers continue investing in servers, storage, networking, and security products to support AI workloads.
Grainger chief technology officer Jonny LeRoy tells attendees at DSG’s Applied AI for Distributors conference in Chicago how the distributor keeps AI costs in check and prepares for the heightened risks from hackers armed with AI tools.
Artificial intelligence will transform wholesale distribution, but distributors that succeed will be those that treat cybersecurity and workforce development as strategic priorities rather than afterthoughts.
The acquisition adds Chart Distribution Group’s operations and customer base to RelaDyne’s Midwest business, expanding the company’s distribution footprint in the region.
The acquisition is the latest example of consolidation in the automotive aftermarket distribution industry, as distributors expand regional footprints and add service capabilities to strengthen customer relationships and broaden their product offerings.
The technology distributor reported revenue of $19.6 billion for the quarter ended May 31, up 31.0% from $14.9 billion a year earlier.
Among the distribution use cases gaining the most traction are demand forecasting, inventory optimization, warehouse operations, route planning, pricing, sales support and cross-functional coordination.
Carrying the tagline, “You built the skill. Now build the wealth,” the series will feature entrepreneurs who chose trade school over a traditional four-year college degree and went on to build profitable contracting and skilled trades companies.
How AI is doing that today, and will do it even more in the near future, was the subject addressed by three tech experts in a session today at Distribution Strategy Group’s Applied AI for Distributors conference entitled “Intelligent Revenue Operations: Aligning Customer, Procurement & Digital Strategy With AI.”