Northeastern Supply announced the newest addition to the Northeastern Family located in Toughkenamon, Pennsylvania by acquisition of Jenkins & McMahon Plumbing Supply.
As B2B offerings become increasingly commoditized, it has become more important than in any previous time in history to have a clear picture of the value proposition of your distributorship. The last 20 years - and in particular, the last two - have seen the slow but steady growth of industry behemoths that are driving commoditization of the PHCP industry.
Founded in 1923, by Henry Charles Oswald, Oswald Supply is family owned and operated through four generations and has a rich history centered on supporting heating systems throughout New York City. Over the past several decades, Oswald has expanded their presence nationally to support municipalities, housing authorities, heating & cooling Contractors, and industrial supply distributors.
During the roundtable, participants covered everything from supply chain and labor concerns to working with the next generation customer and warehouse technology. One thing is for certain, the distribution game has changed.
Heading into 2023, experts remain optimistic about the health of the PHCP-PVF market despite a few impending factors: a possible recession, inflation, ongoing labor concerns, price increases and supply chain disruption.
As 2022 comes to a close it is now time to review my predictions from last year as well as predict ten more trends I see as we enter 2023. Just like last year, I will stay away from prognosticating about where the stock market will be at this end of the year; instead, I will stick to identifying trends that supply houses will find important in this upcoming year. With all that being said, let's jump right in and review my 2022 predictions.