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As all aspects of the B2T (business-to-trades) industry are challenged with navigating their businesses through the realities of COVID-19, we had the opportunity to gain some insights on this “New Normal” as it relates to the distributor sector of our industry. We gained insights by speaking to a couple of industry experts and learned how they saw the distributor sector adapting to this new environment.
On a same-store basis, member sales across all AD’s divisions and countries were down 6% through the first six months of this year, to $21.6 billion, driven by a 13% decline in Q2
The company’s sales were $602 million for the second quarter of 2020, which was 24% lower than the first quarter of 2020 and 39% lower than the second quarter of 2019.
ASA is part a coalition of organizations throughout the manufacturing supply chain urging Congress to advance a bold, long-term infrastructure bill to address the nation’s longstanding infrastructure needs, and to provide much-needed stability and certainty for the sector during this critical time.
Tune in Wednesday, July 15 at 2 p.m. Eastern for information from Chief Economist Dr. Chris Kuehl on oil markets in flux, price wars and demand shifts.
