Have issue viewing this email? Click here

WELCOME TO AROUND THE HORN!

ISSUE #49 - July 14th, 2023

Click here to ATTEND our Friday LIVE event
at 9:00AM PT/12:00PM ET

Around the Horn is a series of weekly updates, links and reports on the happenings around the Manufacturing, Distribution and Business World! We are sharing news, announcements, and interesting tidbits that might interest our friends and distribution pros.

Is there something you would like us to discuss? If so, ping us at hello@leadsmarttech.com and give us your ideas. Also, follow us on LinkedIn as we regularly go LIVE on Friday mornings at 9:00AM PT/12:00PM ET to discuss some of the week's happenings.

Click to Subscribe to the Around the Horn Podcast!

LATEST NEWS!

May Wholesale Revenues Down 4% YoY, Inventories Up

From MDM

May 2023 sales of merchant wholesalers were $650.2 billion, according to data released by the U.S. Census Bureau. Read this article

Logistics Companies Slashed Payrolls Last Month in Faltering Shipping Market
From Wall Street Journal

Parcel, warehousing and freight operators are seeing demand decline as spending shifts from goods to services.
Read this article

Performance Food Group revamps the online B2B buyer experience
From Digital Commerce 360

After years of acquisitions, Performance Food Group overhauls its customers' B2B online purchasing experience to bring all segments of the business together. Read this article

What Companies Should Know About The Rise Of Self-Service B2B Sales
From Fortune

The pandemic forced many merchants to pivot into digital commerce models—now that the pandemic is receding, many buyers have no intention of going back to business as usual. Read this article

FTC investigates OpenAI over data leak and ChatGPT’s inaccuracy
From Washington Post

The Federal Trade Commission has opened an expansive investigation into OpenAI, probing whether the maker of the popular ChatGPT bot has run afoul of consumer protection laws by putting personal reputations and data at risk. Read this article

SPECIAL FEATURE

Threads Is the Fastest-Downloaded App Ever. Elon Musk's Response Is the 1 Thing a Leader Should Never Do

INDUSTRY SCUTTLEBUTT!

Cooper Equipment Rentals Limited Announces Acquisitions

Cooper acquires Warner Rentals Ltd. and Scotty’s Rentals and Landscaping Ltd. in western Canada.

MORE DETAILS

Grainger announces plans for new Oregon distribution center

Grainger announced plans July 12 to open a 500,000-square-foot distribution center in Gresham, Oregon in 2025.

MORE DETAILS

Imperial Dade Expands into Dallas, Hawaii

JanSan and foodservice supply distributor Imperial Dade has made its seventh and eighth acquisitions of the year.

MORE DETAILS

GOOD READS...

How Can You Be Sure Your Employees Won't Quit? According to Gallup, It Comes Down to 4 Things

TECH TALK:

This Is the Most Important Skill Your Company Needs in the New World of A.I.

NEW FEATURE:

Public Distributors Index Tracker

- 16) UPCOMING SHOW AND EVENT CALENDAR

UPCOMING EVENTS:

ISA Summer Session (Virtual Events)
- Omnichannel Sales Defined
  
  Tuesday, July 18, 2023
- Omnichannel Sales Execution
  
  Tuesday, July 25, 2023
- Applying Omnichannel Strategies to Employee Recruitment
  
  Tuesday, August 1, 2023
- Applying Omnichannel Strategies to Employee Retention
  
  Tuesday, August 8, 2023
The 2023 AD Finance, HR & IT Summit St. Louis MO, July 17– 19
The 2023 AD Industrial & Safety - US North American Meeting – Denver Colorado – September 12^th -15^th
NetPlus Annual Meeting 2023 (Oct 8 - 10)
2023 AD PHCP North American Meeting (Oct 9 - 12)
Gas and Welding Distributors Annual Meeting - Maui (October 1 - 4)

ABOUT LEADSMART -->

LATEST NEWS!

May Wholesale Revenues Down 4% YoY, Inventories Up

From MDM

May 2023 sales of merchant wholesalers were $650.2 billion, according to data released by the U.S. Census Bureau. Read this article

Logistics Companies Slashed Payrolls Last Month in Faltering Shipping Market
From Wall Street Journal

Parcel, warehousing and freight operators are seeing demand decline as spending shifts from goods to services.
Read this article

Performance Food Group revamps the online B2B buyer experience
From Digital Commerce 360

After years of acquisitions, Performance Food Group overhauls its customers' B2B online purchasing experience to bring all segments of the business together. Read this article

What Companies Should Know About The Rise Of Self-Service B2B Sales
From Fortune

The pandemic forced many merchants to pivot into digital commerce models—now that the pandemic is receding, many buyers have no intention of going back to business as usual. Read this article

FTC investigates OpenAI over data leak and ChatGPT’s inaccuracy
From Washington Post

SPECIAL FEATURE

Threads Is the Fastest-Downloaded App Ever. Elon Musk's Response Is the 1 Thing a Leader Should Never Do

INDUSTRY SCUTTLEBUTT!

Cooper Equipment Rentals Limited Announces Acquisitions

Cooper acquires Warner Rentals Ltd. and Scotty’s Rentals and Landscaping Ltd. in western Canada.

MORE DETAILS

ISA installs 2023-2024 board of directors

Comprising a diverse group of industry leaders, the board will continue to uphold ISA’s mission of anticipating and serving the needs of its member companies, including distributors, manufacturers, and independent manufacturer representatives.

MORE DETAILS

White Cap acquires Form Tech

Form Tech Concrete Forms is a provider of concrete forming and shoring rental equipment and related consumable products serving contractors through seven locations across the Southeast, Midwest and mid-Atlantic regions.

MORE DETAILS