It has been a very good year, and PHCP wholesalers surveyed by SUPPLY HOUSE TIMES are projecting more of the same for fiscal 2006. Last year we reported that a record percentage of responding wholesalers enjoyed higher sales in 2004 and about 95% projected sales would rise again in 2005. The number of responding PHCP wholesalers who achieved those sales increases in fiscal 2005 was even higher: 95.8%.
When it comes to plumbing and heating, China has big problems. A quickening pace of urbanization has left China with 661 cities that are home to about 42% of its 1.3 billion people. Yet, much of China's vast land mass is arid. Its per capita water resources are equal to only about a quarter of the world average.
Most wholesalers cling to a business model for a customer that no longer exists. Big Box merchants and DIYs blur the line between retail and wholesale as they hungrily look to take a bite out of the traditional wholesale distribution market. Forget about demographics. That's your customer they're after.
The Industrial Piping Division (IPD) is a special interest group of the American Supply Association (ASA), formed to serve a sector of the industry involved in industrial pipe, valves and fittings. The group consists of wholesale and manufacturing firms within the ASA and offers its members educational programming, industry events, as well as networking opportunities.
Preferred Pump & Equipment, LP, based in Fort Worth, TX, has enjoyed phenomenal growth over the past 14 years. It was founded in 1982 as a small distribution company in Texas and has evolved into a leading wholesale distributor of domestic water system products in the United States, with 30 branches.
All over the United States, in thousands of companies, there are two or more very powerful (and mostly frustrated) people in the precarious position of daily choosing loyalties between management and their countrymen. These people control the stream of information between management and labor. These people are typically Hispanic bilingual people.
Preferred Pump offers a Dealer Awards program that provides customers with merchandise or trips based on their purchases. The 2005 program was effective for purchases shipped and invoiced between Jan. 1 and Dec. 31, 2005. Preferred customers were invited to enroll by completing a form and having an officer, owner or manager sign it. Customers earned one award point per $1,000 in program period purchases.
Retiring Ferguson CEO Frank Roach and his successor Kevin Murphy talk about the seamless leadership transition, the company’s future and views on the current marketplace. Read more stories in 2017 May Issue.