Distributors hold own during second quarter; sales decrease only in mid-single digits compared to 2019 timeframe.
The American Supply Association’s Quarterly Pulse report shows member distributors held their own despite extremely challenging conditions related to the COVID-19 pandemic.
ASA business intelligence partner Industry Insights, which prepares the Quarterly Pulse for association members, noted the second quarter of 2020 was the first full quarter of operating under the strains of the COVID-19 pandemic. As expected, April was a very challenging month, but as many stay-at-home orders began to be lifted in May and into June, the overall economy started the long road to recovery, Industry Insights added.