Fastenal’s 1Q growth considerably outpaced that of a year earlier and the last “pre-COVID” quarter of Q1 2020. Digital is the biggest driver. This MDM blog examines the numbers.
Read MDM Blog
When a customer buys from you six times a year, there may be very little pattern to the frequency. That makes a customer defection harder to predict in B2B compared to B2C. In this conversation from the Distribution Strategy Group, Change hosts Ian Heller and Jonathan Bein explain how distributors can spot customer-churn risks sooner to respond before customers have time to defect.
Read and Watch at Distribution Strategy Group
The Small Business Administration’s National Small Business Week Virtual Summit is May 2-5, 2022. This annual event highlights the contributions of small businesses to the U.S. economy and points these businesses to resources to help them grow and comply with regulatory requirements. During the week, the Department of Labor (DOL) will have a virtual booth to highlight small business resources such as OSHA’s On-Site Consultation Program and the OSHA/NIOSH Small Business Safety and Health Handbook.
Register Here
Last week the FDA authorized the emergency use of a new test to detect COVID-19 with a breathe sample. According to a press release, named InspectIR COVID-19 Breathalyzer, the test can provide results in three minutes.
Read more at OH&S
For the first time OSHA as launched a National Emphasis Program to protect millions of workers from heat illness and injuries. Through the program, OSHA will conduct heat-related workplace inspections before workers suffer preventable injuries, illnesses, and fatalities.
Read News Release at OSHA
The U.S. Department of Energy (DOE) Building Technologies Office (BTO) has issued a request for information (RFI) to gather responses from the public that will inform the program development and execution of Section 40511 of the Bipartisan Infrastructure Law. The provisions makes $225 million available over the next five years to state agencies and partnerships to drive the cost-effective implementation of building energy codes for improved efficiency and resilience.
Read more at Office of Energy Efficiency & Renewable Energy
The average interest rate on a 30-year fixed-rate mortgage has climbed to 5% for the first time in more than 10 years, according to Freddie Mac. This marks the first time the 30-year rate has hit 5% since February 2011, when it averaged 5.05%.
Read Money
Driven by higher food, gasoline and housing costs, consumer prices continued to accelerate in March. This marked the sixth straight month for inflation above a 6% rate and was the fastest annual pace since December 1981.
Companies are reaping big rewards from their supply chain technology investments, a trend that is expected to accelerate this year, according to research from technology provider Cleo and research firm Dimensional Research, published last week.
A memo released by the Biden Administration on April 18 details the requirements and exceptions for federally-funded infrastructure projects to use metals, construction materials, and products manufactured in the United States. The new rules go into effect May 14.
Read Industry Week
World Millwork Alliance (WMA) 54 TH Annual Convention & Tradeshow will hold its’ premier event at the Memphis Cook Convention Center from September 11-15, 2018. WMA will offer Veterans and Students complimentary access to the exhibit hall during Millwork Career Day on Friday, September 14, 2018 during the show hours of 10:00 a.m. – 3:30 p.m.
WMA welcomes Veterans and Students to explore a career in the millwork industry. Learn from worldwide millwork professionals while viewing the finest millwork products. Meet with industry distributors and manufacturers about the opportunities in a millwork career.
Pre-registration for a name badge is available by completing a WMA Registration Form. Any local Student or Veteran who has pre-registered will pick up their complimentary “Expo – One Day Pass” with a valid student ID or Veteran ID at the WMA registration desk in the Memphis Cook Convention Center.
Veterans must show a Veteran’s Administration (VA) identification card to receive an “Expo-One Day Pass” and to gain entrance into the exhibit hall on Friday, September 14, 2018.
Students must show a valid Student photo I.D. card to receive an “Expo-One Day Pass” and to gain entrance into the exhibit hall on Friday, September 14, 2018.
Pre-registration is open until August 13, 2018; thereafter, registration is onsite at the WMA registration desk in the Memphis Cook Convention Center.
