After World War II, when the economy tanked, the drill was to freeze hiring, maybe weed out a few, freeze all investments, cut all discretionary expenses and try not to cave on declining incentive pay that is de facto salary. Basically, wait out the recession, then get back to growing with the U.S. economy; your industry; and/or the inflation in your product lines.
The COVID-19 pandemic brought many challenges to the day-to-day of industry employees, but many companies found a few bright spots within all the darkness.
The first line of the ASA long-term strategic plan reads: “Associations operate in ever-changing environments and are continually challenged to meet the needs of their members.”
Never miss an opportunity to remind your targeted market, your social media followers and all of those people who found gold on your website that you have displays right in their neighborhood.
The American Supply Association’s quarterly Pulse shows member distributors reported a median sales increase of 4% compared to the same time frame in 2019.
Stafford, Texas-based Vogt Valves recently announced a new partnership with Federal Hardware Engineering Co Pte Ltd to act as a Vogt distributor for the Singapore, Indonesia and Malaysia marketplace.
Roswell, Georgia-based Kloeckner Metals Corp., one of the largest steel and metal service centers in North America, announced the promotion of Andrea Moseley to chief financial officer, effective April 1.