Created for [email protected] |  Web Version
October 13, 2022
Connect with NAW LinkedInFacebookTwitter
NAW SmartBrief
News for the wholesale distribution industrySIGN UP ⋅   SHARE
Top Story
The producer price index grew by 0.4% in September, surpassing economists' expected 0.2% increase, and rose 8.5% for the past 12 months, down slightly from August's 8.7% increase, according to the Labor Department. Higher prices for food, energy and travel contributed to the increases.
Full Story: CNBC (10/12),  The Hill (10/12) 
LinkedIn Twitter Facebook Email
McKesson's new 475,000-square-foot distribution center in Jeffersonville, Ohio, features large windows to let in natural light, as well as automation and robotics to ease physical strain on workers. "A lot of different things that typically you might see in an office environment, we're bringing that into our distribution centers," said Ammie McAsey, senior vice president of customer distribution experience at McKesson.
Full Story: The Wall Street Journal (10/11) 
LinkedIn Twitter Facebook Email
Business-to-business distributors are expected to generate e-commerce sales worth $1.4 trillion this year, up 25% from $1.12 trillion last year, according to Digital Commerce 360. E-commerce will also account for a larger share of distributor sales, at 17.5%.
Full Story: Digital Commerce 360 (10/11) 
LinkedIn Twitter Facebook Email
Operations and Technology
US truck driver mobility is being hampered by a surplus of containers and long delays at railyards and distribution centers, the result of supply chain bottlenecks and uneven shipping volumes. Chicago-area truck driver Mateo Carrera says, "The truckers have a saying here that there's bad days and there's worse days."
Full Story: The Wall Street Journal (10/8) 
LinkedIn Twitter Facebook Email
Save 25% on Business-boosting Airflow
Bring out the best in your team with a custom comfort solution from Big Ass Fans. Our premium fans and coolers provide the world-class airflow needed to boost employee safety, retention, and productivity. Shop now to get the year's best deals and feel the Big Ass Fans difference!
ADVERTISEMENT:
Sales and Marketing
Customer retention and expansion is essential for business-to-business companies to weather uncertain economic times, writes Ardath Albee, who explains how to design strategies to drive growth via existing customers. "The customer retention programs you design deserve great and relevant storytelling," Albee writes, noting, "There must be an even bigger reward for customer engagement than prospect engagement."
Full Story: CustomerThink (10/9) 
LinkedIn Twitter Facebook Email
Continuous learning culture boosts sales, retention
(Pixabay)
Sales enablement content, microlearning, peer-to-peer learning and role-playing are just a few of the ways to keep a sales team up to date on product updates and features, customer pain points, best sales practices and strategies, Stephanie Middaugh, director of enablement at WorkRamp, writes. A "culture of continuous learning ... leads to super-powered sales reps" and can generate up to 50% more net sales per employee, according to Hubspot, and is more likely to help you retain staff, Middaugh says, explaining what to offer and how.
Full Story: Sales Hacker (10/10) 
LinkedIn Twitter Facebook Email
The Business Leader
As baby boomers, Generation X, millennials and Gen Z mingle in the workplace, leaders "should work to understand the preferences of their audience, use multiple methods of communication, and unite employees across generations by crafting inclusive messaging," writes Angela Ivey of Insperity. Another suggestion from Ivey: Follow up a formal presentation with a more casual gathering at which everyone can interact.
Full Story: Forbes (tiered subscription model) (10/11) 
LinkedIn Twitter Facebook Email
Giving employees the resources they need, the acknowledgement they deserve and the challenges necessary for growth are among the dozen tips Lolly Daskal offers for leaders to use to create a successful team. "When you invest in people and show confidence in them, they'll show you great work," Daskal writes.
Full Story: Lolly Daskal (10/11) 
LinkedIn Twitter Facebook Email
NAW Insider
Exclusive Networking and Thought Leadership for Your Business
(NAW)
The NAW Billion Dollar Company Roundtables are an exclusive community of thought leaders from Billion Dollar distribution enterprises who congregate to network with noncompeting peers in multiple lines of trade on key issues. The companies invited into this community are from distribution firms at or above $1 billion in annual sales. Register today!
LinkedIn Twitter Facebook Email
LEARN MORE ABOUT NAW:
Join NAW | Publications | Events | Legislative Issue Briefs
Business Services | NAW Career Center | Blog
Sharing NAW SmartBrief with your network keeps the quality of content high and these newsletters free.
Help Spread the Word
SHARE
Or copy and share your personalized link:
smartbrief.com/naw/?referrerId=lfbdlNyHyu
There are times in your life you think: This could be it. This could be it.
Angela Lansbury,
actor, singer
1925-2022
LinkedIn Twitter Facebook Email
SmartBrief publishes more than 200 free industry newsletters - Browse our portfolio
Sign Up  |    Update Profile  |    Advertise with SmartBrief
Unsubscribe  |    Privacy policy
CONTACT US: FEEDBACK  |    ADVERTISE
SmartBrief, a division of Future US LLC ©
1100 13th St. NW, Suite 1000, Washington, DC xxxxxx