Oatey Co. announced that Central Sales Inc. (CSI) is now Oatey’s manufacturer representative in Nebraska and Iowa. The change comes as a result of CSI’s recent acquisition of In Depth Marketing, which was effective January 3. All In Depth Marketing employees have joined the CSI team.
This diverse group of five participants includes roles from executive and marketing to purchasing and inventory experts. After the nearly three-hour conversation, it was clear one thing is for certain; the current supply chain status and high-demand calls for an all-hands-on-deck approach.
Supply chain issues and material shortages temper industry’s outlook despite continued strong market.
December 13, 2021
While the overall kitchen and bath industry continues to show healthy growth for the year, the overall index is down 4% quarter over quarter as lingering issues caused by the pandemic seem to be catching up to consumer sentiment. Despite this, the industry is coming off of a record-breaking quarter of growth in Q2, which has fueled projections for the year at around 12% growth in sales year-over-year, with many members still encouraged about future growth in 2022.
Launched in 2018, Decorative Brands is a relatively new division to the AD community but has been among AD’s fastest growing. Director Linda Hoff shared that in just four years, the division grew from eight members to 50 and now includes 75 supplier partners. Earnings have risen significantly each year, with member rebates more than quadrupling since 2018.
PMI announced the election of Martin Knieps as president of the 2022 PMI Board of Directors during PMI’s 67th Annual Meeting of the Membership yesterday. The senior director of operational excellence at Viega, Knieps succeeds Todd Teter, senior vice president and general manager of the Professional Plumbing Group House of Rohl North America, a division of Moen. Teter will remain on the board as immediate past president. The meeting was held during the PMI21 Manufacturing Success Conference in San Diego.
Although lack of available product and labor are ongoing factors within the residential plumbing sector, there is certainly no lack of opportunity. According to the 2021 North American Plumbing Fixtures Market Report, compiled by Grand View Research, the plumbing fixture market ended 2020 with a $22.4 billion value and it is expected to grow at a rate of 7.5 percent from 2021 to 2028.
The DPHA conference actually shuts down its exhibit hall during the speaker and roundtable meetings, allowing every attendee the ability to participate and network. The vendors know the conference schedule offers ample time for their customers to see their new products. They also understand that face-time away from others outside the exhibit hall is important in building stronger vendor-distributor relationships.