Respondents reported calendar-year-to-date sales growth of 21.7%, flat compared to the last report. For the trailing 12 months ending June 2022, respondents reported strong sales growth of 19.8%.

Affiliated Distributors (AD) reported that total member sales in the first six months of 2022 were $36.1 billion, an increase of 29% across its 13 divisions and three countries.

AD welcomed over 200 attendees from 110 companies across all AD industries in the U.S. and Canada to the summit.

According to a recent research study from Epicor, a maker of industry-specific enterprise software designed to promote business growth, 96 percent of organizations surveyed worldwide have confidence in their ability to navigate the early stages of the ERP purchase process, from initial evaluation to requirements planning.

Charlotte Pipe and Foundry Company has announced that effective July 13, the company has purchased Neenah Enterprises, headquartered in Neenah, Wisconsin.

The merger brings twenty-six independent Canadian distributors with forty-six locations into the AD family.

The FED has plans to raise these rates slowly throughout the year, but the last time Jerome Powell (current FED chairman) attempted this in 2018, he had to revert his course and lower rates once again. It is possible that Powell is forced to keep rates low again, even with high inflation.

This week, Reps. Chellie Pingree (D-ME) and David Rouzer (R-NC) introduced the House companion bill for the Healthy H20 Act. The original legislation, which ASA lent its support for, was introduced by Sen. Tammy Baldwin (D-WI) in March.  The bill would address funding for clean water in rural and underserved communities that may have been overlooked by previous funding efforts.   

Respondents reported calendar-year-to-date sales growth of 23%, down from 24% last time. For the trailing 12 months ending March 2022, respondents reported strong sales growth of 22%, again down from the March 23.7%. 

Nearly 170 attendees converged on the Big Easy for two days packed with education and best practices sessions, as well as bountiful networking opportunities.