During my ASA update at lunch, I told attendees to pay close attention to the middle portion of what I had to say regarding our Building One Future initiative, which, of course, tackles the three critical issues of the labor shortage, keeping up to speed on trends and new technologies and how prepared/well-positioned a distributor might be for future growth.

AD’s PHCP Business Unit hosted its 2021 AD PCHP Spring Network Meeting in a virtual format, welcoming about 160 independent distributor members from its U.S.-based Plumbing, PVF, HVAC and AD Decorative Brands divisions.

Dakota Supply Group (DSG) announced the acquisition of Calverley Supply Co. in an asset purchase effective July 1. Founded in 1974, Calverley Supply is a second-generation, family-owned distributor of HVAC equipment and supplies with seven locations across Michigan.

According to Coherent Market Insights, the global tankless water heater market is estimated to account for $29.7 billion in terms of value by the end of 2027, witnessing a compound annual growth rate of 5.7% during the forecast period 2020-2027.

On a trailing 12-month basis, respondents reported average sales 11.1% in May of 2021 as compared to 7.3% in April 2021, when compared to the 2020 data.

The Valve Manufacturers Association of America (VMA) and the Hydraulic Institute (HI) announced the 2021 Virtual Market Outlook Workshop will be held August 5 - 6.

Plumbing Manufacturers International 2021 Virtual Legislative Forum prepared PMI's members for upcoming advocacy efforts at the federal and state levels, as lawmakers debate infrastructure packages, climate legislation and government spending within the context of a strong economic recovery. Presenters also discussed federal procurement requirements and anti-counterfeiting legislation.

During a webinar in late May, Dr. Kuehl gave his mid-year economic review, focusing on five key issues distributors should be monitoring: Inflation, consumer behavior, “normal” business, the global economy and market reaction.