Social Media     

 Connect with us!
Connect with Supply House Times on Facebook, Twitter, YouTube and LinkedIn

What's The Buzz?

February 24, 2009
/ Print / Reprints /
ShareMore
/ Text Size+

Recent conversations with industry people naturally revolved around the sorry state of our economy in general and construction-related markets especially. Here are some particulars that are on the minds of our industry’s distributors and manufacturers:

1. Banks aren’t the only ones reeling from the credit crunch. Many distributors are in the middle of a distressing supply chain in which projects are shut down or delayed because the owner or GC can’t gain financing, which cuts off pay to subs, who in turn stiff their suppliers, who then have trouble paying their vendors. It’s a reminder that the business of wholesale-distribution is not only about warehousing products, they play a banking role as well. Except nobody is looking to bail them out.

2. The PVF sector of the industry was going great until last fall, which one distributor described to me “is when we hit a wall going 100 mph.”

3. An interesting perspective was offered by a PVF manufacturer, who told me that all the talk of globalization tends to focus on imports, but his company and many cohorts benefited greatly from export sales to China and other foreign markets. With China’s economy as much in the doldrums as anywhere else, this is a double whammy.

4. Many manufacturers feel awfully queasy about the economic woes of Wolseley and its Ferguson behemoth. Some have as much as 20-25% of their sales in that one big basket, and if the unthinkable were to happen, those companies might have trouble surviving themselves.


Otherwise, there was a lot of talk about the weather.

Links

Did you enjoy this article? Click here to subscribe to Supply House Times.

Recent Articles by Jim Olsztynski

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

BNP Media's Plumbing Group Visits Grundfos North American Headquarters

BNP Media’s Plumbing Group, comprised of the Plumbing & Mechanical, Supply House Times, PM Engineer (pme) and Reeves Journal brands, recently visited Grundfos’ new North American headquarters building in the western Chicago suburb of Downers Grove, Ill.

5/7/13 2:00 pm CST

How To Use Your Strengths To Fight The Threat Of Amazon Supply

AVAILABLE ON DEMAND A new 8,000 lb. gorilla, Amazon Supply, has taken aim at many of the customers of PHCP supply houses. Supply House Times columnist Dick Friedman, an authority on business planning and the strategic use of inventory, warehouses and technology will present strategies and tactics for you to compete with Amazon Supply.

THE MAGAZINE

Supply House Times

March 2014

2014 March

In the March issue of Supply House Times, read about the ASA-sanctioned group Women in Industry and their goals to help promote, gain and retain women in the distribution industry. Make sure you read about the Winter PVF Roundtable and their attendance record, and read about the top products of 2013. Also read up on the latest news from the ASA, and see what will be changing at Design & Construction Week.

Table Of Contents Subscribe

Supply House Times Poll

Trade Associations

Are trade association memberships and participation beneficial to your company?
View Results Poll Archive

The Supply House Times Store

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

CS-OflRGBhomepage.jpgWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Premier 125

Premier 125 button

The information SUPPLY HOUSE TIMES uses to rank the Premier 125 is the most accurate we can gather. It is primarily based on responses to a questionnaire we send to the wholesalers in our database, supplemented with information obtained from industry reports and estimates.

STAY CONNECTED

facebook Twitter Updated icon Youtube Updated icon    LinkedIn Updated icon