IN THE NEWS with Fastener News Desk the Week of October 9th, 2023 [IFE 2023 SPECIAL EDITION]

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IN THE NEWS with Fastener News Desk the Week of October 9^th, 2023 [IFE 2023 SPECIAL EDITION]

Thank you, Cris, I’m Lisa Kleinhandler Editor in Chief at Fastener News Desk with a SPECIAL EDITION OF ‘IN THE NEWS featuring the International Fastener Expo. We’ll be live on the expo floor on Tuesday and Wednesday, stop and chat with our team! Here’s what’s happening in fastener industry news and the week of October 9, 2023.

WATCH VIDEO (7:06)

Winsupply Inc., one of the largest distributors in the nation, has completed the purchase of Keidel Supply, a premier plumbing, cabinetry, lighting, appliance and PVF distributor with two locations in Ohio. Based in Cincinnati, Keidel Supply has served the needs of the Greater Cincinnati residential and commercial plumbing contractors, builders, remodelers, and homeowners since 1911. Read more:

Winsupply Acquires Keidel Supply

The St. Louis Federal Reserve Producer Price Index for the Commodity: Bolts, Nuts, Screws, Rivets, and Washers August reading was 308.687 down from July reading of 309.924. FRED is created and maintained by the Research Department at the Federal Reserve Bank of St. Louis. Read more:

The seasonally adjusted Fastener Distributor Index (FDI) retreated modestly in September to a sub-50 reading at 48.5 after reaching a neutral 50.0 in August. While August may have temporarily benefited from some pent-up demand following summer vacations, September returned to the more sluggish pace of activity seen throughout most of 2023. The Forward-Looking Indicator (FLI) was also a tick lower m/m at 44.8 compared to 45.9 last month. Overall, the results suggested continued softness driven by slowing customer orders and a hesitancy among customers to stock heavily. Read full report:

Fastener Distributor Index (FDI) | September 2023

Economic activity in the manufacturing sector contracted in September for the 11th consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

“The Manufacturing PMI® registered 49 percent in September, 1.4 percentage points higher than the 47.6 percent recorded in August. Read more:

Manufacturing PMI® at 49%; September 2023 Manufacturing ISM® Report On Business®

The 2023 International Fastener Expo (IFE) gets underway today October 9-11th at Mandalay Bay, in Las Vegas, NV.

IFE 2023 offers attendees an array of sessions designed to captivate, educate, and inspire. From a world-class exhibition of fasteners and industrial products to a magnetic keynote speaker, enriching conference sessions, and panel discussions led by esteemed industry experts—this is your ticket to igniting success.

Get ready to network with over 650 exhibitors, including 100 first-time exhibitors, converging on the IFE expo floor, casting a formidable global footprint.

WATCH VIDEO (2:32)

*Use #IFE2023 to get in the conversation and amplify your booth traffic!

Join the Fastener Training Institute for an all-day training program on Monday, October 9^th, at the International Fastener Expo! Fastener Fundamentals, The Nuts and Bolts for Fastener Professionals, will offer the best of the Fastener Basics Training and Certified Fastener Specialist™ Training programs. The one-day class will bring the basics of fasteners and beyond to industry professionals. Take advantage of early bird pricing through October 7, 2023. Register now: https://fastenershows.com/fti-class/

The International Fastener Expo! DYK IFE 2023 offers an AI-powered, award-winning platform, IFE Match that offers attendees and exhibitors a NEW, “smart” way of connecting, building business opportunities, exploring educational sessions, building your itinerary and more – all from your computer or mobile device before you even step foot on the expo floor!

Experience the future of expo networking and scheduling with the IFE Match. It’s time to elevate your expo experience, maximize your connections, and unlock new business opportunities.

The IFE Match mobile app is available for download in the Apple or Google Play store now. For more info visit FastenerShows.com

The stories featured in this week’s episode of IN THE NEWS can be found in our (X) feed @FastenerNews and on LinkedIn in the Fastener News Group!

If you would like to share your company’s news or events contact me, lisa@fastenernewsdesk.com. Thanks for tuning in to this week’s episode of ‘IN THE NEWS’ with Fastener News Desk.

Until next week, be well and keep it fastenating.

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