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The company said it is also developing a dealer inventory management product aimed at improving coordination between manufacturers and their distribution networks.

Despite the monthly decline, distributor sales over the longer term remained positive.

Kevin Short, CEO of ORS Nasco, said the acquisitions will expand the company’s capabilities in key industrial product categories.

Demand for bus bar assemblies has increased in recent years as utilities, data centers and industrial facilities expand power infrastructure.

The wholesale trade sector employed about 6.05 million workers in February.

“As events unfold in the Middle East, we are actively assessing any potential implications for our business,” said CEO J. Bryan King.

Echo Electric is part of Sonepar, a privately held electrical distribution company headquartered in Paris.

70% of respondents manage more than 5,000 SKUs, reflecting broader assortments designed to reduce stockouts and prevent customers from switching suppliers.

The association also announced that it created a new distributor membership category.

For U.S. distributors, the implications extend beyond freight delays.