fluentdesigns – Page 8 – Hi Desert Fasteners

01SepSeptember 1, 2023

IFE 2023 Fastener Hall of Fame and Young Fastener professional of the Year inductees

Celebrating Excellence: IFE 2023 Fastener Hall of Fame Awards and Young Fastener Professional Awards

Join IFE in congratulating the 2023 Fastener Hall of Fame and Young Fastener Professional Awards Inductees

The Fastener Hall of Fame, a prestigious accolade that pays tribute to remarkable individuals who have left an indelible mark on the industrial fastener industry at a national and global level. This year’s inductees will join the ranks of esteemed fastener industry members, cementing their legacy in an industry made of steel.

Emerald Expositions, the driving force behind the International Fastener Expo, has seamlessly carried forward the tradition of the Fastener Hall of Fame. Since acquiring the expo, Emerald Expositions has remained committed to recognizing excellence in the fastener industry. In 2016, they introduced the ‘Young Fastener Professional Award,’ a commendation that celebrates the contributions of young visionaries who have already made a significant impact in the fastener industry.

2023 HALL OF FAME INDUCTEES

Bob Baer, Abbott Interfast

Bob started his career in accounting in 1979, joined Abbott Interfast in 1992 as Controller, and became CPA certified in 1993. He managed accounting for more than 15 organizations owned by the Binder family and was promoted to Vice President in 1995. In this role, he oversaw Manufacturing, Purchasing, Warehouse, and IT. Bob was appointed President/CEO of Abbott Interfast in January 2017, a position he still holds today.

Throughout his 31-year career in the Fastener Industry, Bob has been an avid supporter of the industry, attending and participating in regional and national Fastener events both domestically and internationally. He also volunteers and serves on several Fastener organizations, including the MWFA (Past President as well), the Fastener Industry Coalition (Vice-Chair), and the Fastener Training Institute. Bob also organized an obstacle race with over 35 Fastener company professionals from across the country preceding FSTNR Week in Chicago for the past three years.

Eric Dudas & Brian Musker, FCH Sourcing Network / Fully Threaded Radio

Long time collaborators, Eric Dudas and Brian Musker came to the fastener industry during a speculative project of their web application development business, and co- founded FastenersClearingHouse.com, later re-branded the FCH Sourcing Network, in 2006. They launched the industry renowned Fully Threaded Radio podcast in 2010 to promote their growing digital platform. Along the way, they created the FCH Scrubber, an AI-like software tool to manage fastener data, and soon after began providing data cleansing and formatting services to fastener distributors.

They also launched the widely circulated Fastener Distributor Index in 2011 to measure and publish current market conditions and sentiment. Beginning with their home association, the MWFA, the duo has consistently supported and participated in events and meetings across the industry. Developing a unique blend of services for a fastener world emerging into the digital era, Brian and Eric have forged connections with an untold number of fastener professionals and facilitated many more for those who have benefited from their contributions.

George Hunt III, Brighton Best International

George Hunt III is a manager, board member and mentor in the industrial fastener space, known for his exceptional leadership and charismatic spirit. As a Regional Manager at Brighton-Best International, INC, a global leader in fastener distribution, he has helped cultivate TEAM concepts steering the company to unprecedented success. With a keen eye for strategic planning and fostering partnership(s), Hunt has forged impactful relationships driving growth in diverse markets. His unwavering commitment to customer satisfaction, coupled with his emphasis on quality and efficiency, has solidified Brighton-Best International’s reputation as a trusted industry leader. George Hunt III has inspired and motivated others while being employed with Brighton-Best International, INC for over twenty-six years.

2023 YOUNG FASTENER PROFESSIONAL INDUCTEES

Mike Robinson, Lindfast Solutions Group

Michael Robinson is the Key Accounts Manager for Lindfast Solutions Group and has been in the Fastener Industry for almost 15 years now. Mike has always been heavily involved in our Fastener Associations, currently serving as the President of the NCFA (North Coast Fastener Association) while also serving on the Board of Directors of the NFDA (National Fastener Distributors Association) as the Associate Chair. When he is not talking about nuts and bolts he loves spending time with his amazing wife Aimee and their 3 children Tyler, Piper, and Brayden.

Mallory Cravens Nichols, Advance Components

Mallory C. Nichols, VP Business Development, Advance Components, continues her family’s legacy established by her grandfather Doug Berry half a century ago. As the President of Young Fastener Professionals and a board member for Women in the Fastener Industry and PacWest Fastener Association, she champions industry synergy and inclusion. Mallory is currently pursuing her MBA at Southern Methodist University, with graduation anticipated in June 2024. Her roles in business, association leadership, and education reflect her dedication to advancing both her family’s business and the fastener industry.

Don’t miss your opportunity to be a part of this prestigious celebration. Mark your calendars for the International Fastener Expo, set to take place from October 9th to 11th, 2023, in Las Vegas, Nevada. Join the IFE and fastener industry as we honor tradition, celebrate innovation, and look forward to an even brighter future for the global fastener industry.

The highlight of the annual International Fastener Expo is the awards ceremony where inductees are celebrated for their outstanding contributions. The IFE will showcase the induction of luminaries into the Fastener Hall of Fame with a special ceremony on October 10^th (at the Exhibit Hall Sessions State from 3 to 4 pm), a testament to the industry’s commitment to recognizing excellence. The event will also feature the prestigious Young Fastener Professional of the Year Awards, celebrating emerging talent and dedication to advancement. One of the unique attractions at the ceremony is the replica display wall adorned with Fastener Hall of Fame bricks, offering attendees a chance to capture the moment against a backdrop that symbolizes excellence and innovation.

The History of the Fastener Hall of Fame

The rich history of the Fastener Hall of Fame traces its roots back to the year 1981. Mike McGuire and Jim Bannister, co-founders and co-producers of the National Industrial Fastener Show, unveiled the inaugural Fastener Hall of Fame induction ceremony in 1982. Drawing upon their deep industry insights and connections, Mike and Jim collaborated with industry associates to handpick distinguished individuals for this esteemed recognition. This endeavor marked the inception of a tradition that would spotlight outstanding contributors to the fastener industry for decades to come.

The Fastener Hall of Fame, once a humble initiative, has evolved into an enduring testament to the remarkable individuals who have shaped the industrial fastener sector. With each passing year, the torch is passed to new inductees who carry forward the tradition of excellence and innovation.

This living history serves as a reminder that innovation, dedication, and collaboration are the cornerstones of the fastener industry’s success.

To explore the incredible journey of past Fastener Hall of Fame honorees and learn more about the individuals who have left an indelible mark on the industry, click here.

Submissions for the 2024 Hall of Fame and Young Fastener Professional Awards will open in March, 2024

REGISTRATION DISCOUNT CODE: FND50

About International Fastener Expo

The International Fastener Expo (IFE) is the largest and most diverse gathering of fastener and industrial professionals in North America. Founded in 1981 it serves all reaches of the supply chain, from manufacturer to distributor to OEMs, and features nearly 70 product categories. With over 650 vendors and more than 5,000 attendees from 30+ nations, the International Fastener Expo delivers industry‐leading content and facilitates vital industry connections at their annual three‐day show in Las Vegas, Nevada, the entertainment and trade show capital of North America. For more information on IFE, visit www.fastenershows.com.

About Emerald Expositions

International Fastener Expo is owned and operated by Emerald, a leader in building dynamic, market-driven business-to-business platforms that integrate live events with a broad array of industry insights, digital tools, and data-focused solutions to create uniquely rich experiences. As true partners, we at Emerald strive to build our customers’ businesses by creating opportunities that inspire, amaze, and deliver breakthrough results. With over 140 events each year, our teams are creators and connectors who are thoroughly immersed in the industries we serve and are committed to supporting the communities in which we operate. For more information, please visit http://www.emeraldx.com

RELATED CONTENT:

Ignite Your Industry Impact: IFE 2023 Unleashes A New Era of Fastener Excellence

YOUR JOURNEY TO THE INTERNATIONAL FASTENER EXPO EXPERIENCE IN EXCELLENCE BEGINS HERE!

Fastener Expo, Fastener News, Fastener News Desk, Fasteners, Hall of Fame

By fluentdesignsUncategorized0 Comments

31AugAugust 31, 2023

Why you really need a “data plan”

THE BLUE PRINT

A quick internet search tells me that Mark Twain once said:

“Data is like garbage. You’d better know what you are going to do with it before you collect it.”

This shows us two things. First, you can’t trust everything you see on the internet. And second, you really should have a plan regarding data.

*Editor’s Note: We reached out to a Mark Twain scholar who confirmed this is HIGHLY UNLIKELY to be a Twain quote.

Data matters in supply chains more than ever.

Why is data important to supply chains?

Short answer: Accurate and timely data lets companies make informed decisions.

This is because data can offer insight. Organizations can then use it to optimize operations and improve efficiency. An example: distribution operations and logistics. Everything from route planning to vehicle usage can be improved and optimized based on data.

We commonly see this in our lives via package tracking. In real-time – no matter where it may be in the world – we can see where a shipment is and even the mode of transportation it’s on.

Data is also critical in forecasting and demand planning.

It allows supply chain experts to better understand current and future demand for products and services. By understanding purchasing patterns and stocking locations, teams can more efficiently manage the supply chain for both external (customers) and internal (production) needs.

Plus, data can be used to mitigate risk within a supply chain. It can track current inventory levels and optimize them to reduce waste while improving efficiencies.

In other words, data can help you avoid unplanned expenses and costly delays.

How ‘good’ data adds value.

Let’s first define what good data means. We work with our customers and business partners to make sure we properly understand, define, and catalog data. This is done so that when the data is used, there is lineage, definition, and governance tied to it.

This really means data integrity. This data needs to be what everyone believes it is in order to contribute to what I would say is ‘good’ or trusted data.

So, good data should improve the decision-making process because you can see what has been measured or captured. It provides a lens into what is happening and allows you to evaluate measurables for improvement.

In the end, data should be seen as a competitive advantage. Whether it comes from understanding where time is spent or how products and services are being used, data should help increase efficiencies. It should provide the ability to respond more quickly and realize opportunities sooner.

How data helps supply chains

• Improve visibility Collecting data helps companies identify – and adapt to – bottlenecks, delays, and disruptions.

• Optimize planning: Analyzing demand trends and production capacity can help meet customer demand.

• Expand collaboration: Sharing data with suppliers and logistics providers can help them identify and address inefficiencies.

• Boost efficiency: When data identifies inefficiencies, you can streamline operations and even reduce costs.

Read more: Fastenal Blueprint

Fastener News, Featured, Supply Chain

By fluentdesignsUncategorized0 Comments

30AugAugust 30, 2023

Fort Worth Approves $18M in Incentives for New E-Commerce Regional HQ and Distribution Center

McMaster-Carr announces regional headquarters, distribution center in Fort Worth

BY DAVID SEELEY • AUG 22, 2023

Fort Worth Approves $18M in Incentives for New E-Commerce Regional HQ and Distribution Center

Quite literally a “nuts and bolts” company, the 1901-founded McMaster-Carr sells over 700,000 tools, hardware, and industrial items to plants across the U.S. It plans to invest at least $360 million in a newly constructed regional HQ in North Fort Worth, creating 250 new jobs.

These are just some of the 700,000-plus items sold by McMaster-Carr on its e-commerce site. [Image: McMaster-Carr]

The Fort Worth City Council unanimously approved an $18 million incentive package today for the construction and operation of a new e-commerce regional headquarters and distribution center in North Fort Worth.

Illinois-based McMaster-Carr Supply Co., an e-commerce industrial distribution company, is slated to invest at least $360 million in the new facility on 117 acres on Litsey Road—with that figure evenly split between $180 million in real property improvements and $180 in taxable business personal property.

A nuts-and-bolts company selling over 700,000 products

If you think the e-commerce image at the top of this story looks like something from 1901, you’re onto something—McMaster-Carr was founded that same year, 122 years ago.

But with a very modern logistical flourish, the company says 98% of products ordered “ship from stock and deliver same or next day.”

New Fort Worth regional HQ to create 250 jobs

McMaster-Carr’s new regional headquarters is expected to create 250 jobs with an average salary of $85,000, while creating nearly $57 million in new incremental property and sales tax revenue, part of which will go to the $18 million in grants, according to the Dallas Business Journal, which cited city documents.

The incentives will come via 10 annual grants equaling up to 85% of the maintenance and operations portion of new incremental city ad valorem taxes on business personal property. Also included are up to 50% of the new incremental city 1% sales tax revenues.

McMaster-Carr must complete the project on time in order to obtain the grants.

The Fort Worth regional HQ will be the sixth for McMaster-Carr across the U.S. Its other regional headquarters and offices are as far-flung as Los Angeles, Cleveland, Atlanta, and Chicago.

SOURCE: Dallas Innovates

RELATED CONTENT:

Unlocking the Potential of AI in the Industrial Supply Market

Lessons from transformers: How some distributors reset and won

Distribution, Fastener News, Featured, Industrial Supply, eCommerce

By fluentdesignsUncategorized0 Comments

29AugAugust 29, 2023

IN THE NEWS with Fastener News Desk the Week of August 28, 2023

Here’s what’s happening in fastener industry news, digital distribution, association events and golf outings in the news the week of August 28, 2023.

Watch now on YouTube @FastenerTV: (10:03)

Feel the energy building as the 2023 International Fastener Expo (IFE) prepares to set the stage for the largest convergence of the fastener industry in North America in years.

With IFE’s commitment to excellence and innovation, the event promises to be a catalyst for industry growth and collaboration.

Mark your calendar for October 9-11th at Mandalay Bay, as Las Vegas becomes the epicenter of fastener innovation and expertise. IFE 2023 will offer 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.

Register now Use promo code FND50 to save $50.00 on registration. Go to FastenerShows.com

Ignite Your Industry Impact: IFE 2023 Unleashes A New Era of Fastener Excellence

McMaster-Carr | LinkedIn

Fort Worth Approves $18M in Incentives for a New McMaster-Carr E-Commerce Regional HQ and Distribution Center

Quite literally a nuts-and-bolts company, McMaster-Carr is a private American supplier of hardware, tools, raw materials, industrial materials, and maintenance equipment—selling over 700,000 products to plants across the U.S. McMaster-Carr plans to invest at least $360 million in a newly constructed regional HQ in North Fort Worth, creating 250 new jobs with an average salary of $85,000. Read more:

28 year anniversary

Congratulations to Hafren Security Fasteners, a leader in the supply of security fasteners, celebrating 28 years of success, they remain dedicated to innovation, research, and development. They strive to continue leading the way in providing cutting-edge security fasteners that meet the ever-growing demands of their customers and help secure our world. For more info go to hafrenfasteners.com

Time is running out to apply for the MWFA Education Scholarships. The application deadline is THIS FRIDAY, September 1st.

Scholarships will be awarded at the November MWFA meeting. For details and application go to https://mwfa.net/

DOWNLOAD MWFA SCHOLARSHIP APPLICATION: https://www.mwfa.net/pdf/scholarship-application-new.pdf

Golfers grab your clubs and get ready for the North Coast Fastener Association’s SCREW OPEN GOLF OUTING taking place Thursday, September 7^th at the Valleaire Golf Club in Hinckley, OH. Join fastener industry friends for a fun filled day of golf, contests, and prizes. All the fun is for a great cause – to raise $$ for the NCFA annual scholarships. Register now!

Golfers get ready for the Southwestern Fastener Association will hold their Annual Golf Outing and Networking event on September 7^th at the Hermann Park Golf Course in Houston, Texas. BBQ dinner and awards presentation after the tournament. Register Now!

LIVE WEBINAR: Fundamentals of Fastener Plating and Coating September 8, 12:00 p.m. to 2:00 p.m. ET Co-Produced by Industrial Fasteners Institute and Fastener Training Institute. With instructor, Laurence Claus, IFI Director of Education and Training. Participants will explore why platings and coatings are applied to fasteners, the basics of electroplating and other coating processes. Register now!

Join the New England Fastener Distributors Association for Understanding Blueprints, a virtual class September 18th at 10:00am. ET. The class is for anyone in the fastener industry, whether you’re just starting your fastener career or are a seasoned veteran. Instructor Jim Speck will be demonstrating how to effectively read a blueprint.

He will cover the basics such as:

How to read a print
The different types of prints
Understanding what needs to be on a print
Understanding tolerances and specifications

Fastener Basics

Grow from novice to knowledgeable with Fastener Training Institutes Fastener Basics training coming to a city near you! Learn the basics of fastener parts and increase your fastener knowledge advantage! Expert trainer Laurence Claus, Industrial Fasteners Institute, Director of Education and Training, will teach this all-day training session geared for individuals new to the fastener industry and those who need to know more about the products they sell. Fastener Basics Training is scheduled for:

DENVER, CO: Sept. 22 https://fastenertrainingevents.com/fastener-basics-denver.htm

LOS ANGELES, CA: Sept. 27 https://fastenertrainingevents.com/fastener-basics-la.htm

UNION CITY, CA: Nov. 16 https://fastenertrainingevents.com/fastener-basics.htm

It’s time for the Pacific West Fastener Associations Annual What’s New? What’s Next? Fall dinner program! Tuesday, September 26^th includes Vendor Showcase, Cocktail Hour, Dinner and Program. Register Now! pac-west.org

Würth Additive Group wants to bring together industry, higher education, and other interested individuals to discuss the latest developments in Additive Manufacturing, both technical and commercial at their 3D Printers in the WILD Demo Days event in Chicago

Happening Mon, Oct 2, 2023, 5:00 PM – 8:00 PM at Flo & Santos, in Chicago, Illinois.

Event link: https://lp.wurthindustry.com/demo-days-2023-chicago-il-3d-printers-in-the-wild

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/

Stay tuned for the BIG announcement about this year’s inductees to the prestigious IFE Fastener Hall of Fame and Young Fastener Professionals of the 2023.

Next generation advanced planning and scheduling is here! Optessa’s AI-driven optimization ushers in a new way for manufacturers to generate optimal plans and schedules in a fraction of the time. Respond to disruptions, meet delivery dates, reduce excessive parts inventory, eliminate costly idle time, and stabilize your supply chain. Request a live demo of Optessa’s NextGen APS platform today! Visit https://www.optessa.com/ for more information!

The stories featured in this week’s episode of IN THE NEWS can be found in our (X) feed @FastenerNew 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.

Sign up for the free FND newsletter designed to keep busy fastener professionals like you up-to-speed on “All things FASTENATING”!

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We have 4 million manufacturing jobs to fill by 2030! Let’s work together and inspire the next generation of manufacturers by hosting a #MFGDay23 event! So Save the Date: Friday, October 6^th for Manufacturing Day 2023. Celebrated nationally on the first Friday in October and throughout the month. MFG Day is manufacturing’s biggest annual opportunity to inspire the next generation, positively shift perceptions about our industry, and build the foundation for the manufacturing workforce of the future. Resources and toolkits available: https://mfgday.com/resources/

Less than 2 months away! Until the 2023 International Fastener Expo at Mandalay Bay in Las Vegas October 9-11, 2023. Step into the future of fasteners, machinery, and industrial products at the most anticipated event of the year! The International Fastener Expo (IFE) is the ultimate business-to-business expo for all things fasteners…As the largest fastener event in North America for more than 40 years, IFE caters to every level of the supply chain, making it the go-to event for fastener industry professionals. Attendees can participate in special events like the IFE Annual Golf Tournament, the Welcome Reception Party, Keynote Speaker, informative sessions on the show floor. And the prestigious Fastener’s Hall of Fame & Young Fastener Professional Award Ceremony, where industry excellence is celebrated. Register now Use promo code FND50 to save $50.00 on registration. Go to FastenerShows.com

RELATED CONTENT:

FND Conversation with Jake Hall, IFE 2023 Keynote Speaker

Unlocking the Potential of AI in the Industrial Supply Market

Fastener Industry, Fastener News, Fastener News Desk, Fastener News Podcast, Fastener TV

By fluentdesignsUncategorized0 Comments

28AugAugust 28, 2023

Ignite Your Industry Impact: IFE 2023 Unleashes A New Era of Fastener Excellence

Feel the energy as the 2023 International Fastener Expo (IFE) prepares to set the stage for the largest convergence of the fastener industry in North America in years. With the IFE’s commitment to excellence and innovation, the event promises to be a catalyst for industry growth and collaboration.

Mark your calendar for October 9-11th at Mandalay Bay, as Las Vegas becomes the epicenter of fastener innovation and expertise. IFE 2023 will offer 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.

Morgan Wilson, IFE Show Director said “This is going to be one of the largest IFE events in over 5 years! The Fastener industry remains strong, and we’re thrilled to help unite the community once again.” The Annual IFE Golf Tournament sold out in record-time this year, too!

Dive into a powerhouse of experience with over 650 exhibitors, including 100 first-time exhibitors, converging on the IFE expo floor, casting a formidable global footprint.

“IFE is focused on growing and diversifying our event to better serve the entire industry. We’re excited to be building upon our specialty fasteners, industrial products, machinery, technology, and other categories.” – Morgan Wilson, IFE Show Director

For three exhilarating days, the IFE experience becomes your networking haven, bridging connections with clients, new suppliers, and fastener professionals worldwide. Collaborate with industry peers and plunge into forward-thinking topics that promise to shape the course of industrial excellence. IFE’s dynamic sessions span the spectrum, from “Mastering Fastener Fundamentals” to “The Future of Manufacturing,” “Navigating Change and Resilience,” “Harnessing The Power of Mentorship,” “Revolutionizing Sourcing Strategies,” “Pioneering Sci-Fi Technologies,” “Cybersecurity in the Digital Age,” and beyond.

Breaking the mold, IFE introduces Fireside Chats—a captivating unscripted format. Engage in thought-provoking discussions such as: “Ask Me Anything” with the Fastener Training Institute, Navigating the Human Side of Digital Transformation, Cloud Considerations for Fastener Distributors, and Trends in Fastener Finishing’s.

The IFE will showcase the induction of luminaries into the Fastener Hall of Fame with a special ceremony, a testament to the industry’s commitment to recognizing excellence. The event will also feature the prestigious Young Fastener Professional of the Year Awards, celebrating emerging talent and dedication to advancement. Inductees to be announced soon!

The journey to your unmatched learning encounter at the International Fastener Expo commences now. Elevate your expertise, embrace innovation, and immerse yourself among the architects of fastener and industrial distribution’s future. Register now to secure your spot and gain access to a world of industrial knowledge and opportunity.

Your journey to the International Fastener Expo experience in excellence begins here!

REGISTER TODAY & SAVE:

REGISTRATION DISCOUNT CODE: FND50

DAY 2 – Tuesday, October 10

10:15AM – 11:00AM

Panel Discussion: Reducing Risk, Building Resilience and Adapting to Change in the Fastener Industry

By fluentdesignsUncategorized0 Comments

25AugAugust 25, 2023

IN THE NEWS with Fastener News Desk the Week of August 21, 2023

Here’s what’s happening in fastener industry news, scholarship awards and opportunities and upcoming events the week of August 21, 2023

Watch now on YouTube @FastenerTV: (12:05)

For the 2nd time, Patriot Bolt and Fastener makes the INC. 5000. List, Coming in at NO. 1716, with three-year revenue growth of 326%. INC. 5000 is an annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Kris Kolb, Founder and CEO of Patriot Bolt said “We owe our success to the amazing efforts of our team. Their dedication to excellence, innovation, and working together has brought us to new levels and made us a leading company in the fastener industry.”

Patriot Bolt and Fastener Makes Inc. 5000

The St. Louis Federal Reserve Producer Price Index for the Commodity: Bolts, Nuts, Screws, Rivets, and Washers July reading registered at 309.924, continuing in an upward trend vs the June reading of 305.819. FRED is created and maintained by the Research Department at the Federal Reserve Bank of St. Louis. Read report.

Listen Up Threadheads and Fastenerds!

Tune in to the NEW episode of Fully Threaded Radio! “The Smell of Thread” with hosts Eric Dudas and Brian Musker! Chris Nissen of Aspen Fasteners traces amazing changes in the fastener industry during his long tenure as a family-owned importer turned digital seller. Commentary on the latest FDI numbers that have many sensing something unpleasant in the air. John “Cool Hand” Butler rides shotgun on the Fastener Training Minute with Carmen Vertullo.

Listen in: https://www.fullythreaded.com/episode-191-the-smell-of-thread/

Happening this week…

The Mid-West Fastener Association’s highly anticipated FSTNR Week which had their unofficial kickoff over the weekend with the Rugged Maniacs Teambuilding endurance event and the annual MWFA ‘Sleep in Heavenly Peace” Bed Build event! This week exhibitors and attendees will experience:

MWFA Plant Tours
Print Reading Seminar
A Panel Discussion | Embracing Artificial Intelligence
41^st MWFA Fastener Show
Retro 80’s Fastener Bash
MWFA 70^TH Golf Outing & Mixer.

For more info go to www.mwfa.net

Fastener Training Institute’s Fastener Training Week kicks off today in Chicago and runs through the-25th, as part of the Mid-West Faster Association’s FSTNR Week! The Fastener Training Institute and the Industrial Fasteners Institute (IFI) continue their partnership to present Fastener Training Week — five intensive days of education and plant tours as part of the acclaimed FTI Certified Fastener Specialist™ (CFS) advanced technical training program. After completing this invaluable industry training in a small group environment and passing a final exam, attendees are eligible for the CFS designation. For more about the next Fastener Training week taking place in Los Angeles, CA December 4 – December 8, 2023 go to: https://fastenertrainingevents.com/los-angeles-2023.htm

Less than 2 months away! until the 2023 International Fastener Expo at Mandalay Bay in Las Vegas October 9-11, 2023. Step into the future of fasteners, machinery, and industrial products at the most anticipated event of the year! The International Fastener Expo (IFE) is the ultimate business-to-business expo for all things fasteners…As the largest fastener event in North America for more than 40 years, IFE caters to every level of the supply chain, making it the go-to event for fastener industry professionals. Attendees can participate in special events like the IFE Annual Golf Tournament, the Welcome Reception Party, Keynote Speaker, informative sessions on the show floor. And the prestigious Fastener’s Hall of Fame & Young Fastener Professional Award Ceremony, where industry excellence is celebrated. Register now Use promo code FND50 to save $50.00 on registration. Go to FastenerShows.com

Women in the Fastener Industry organization announced the recipient of the Ann Bisgyer Wolz Scholarship. Congratulations to Tammy Schuman, of Stock’d Supply. Tammy will receive tuition for the Fastener Training Institute’s training to become a certified fastener specialist. For more info about WIFI scholarships and membership go to FastenerWomen.com

MWFA’s by-line is “Where Education is a Priority” The MWFA Is accepting applications for their 2023 Education Scholarships. This is a great opportunity you won’t want to miss out on! If you qualify, you could receive significant financial support to pursue your educational dreams. Multiple scholarships will be awarded, with a minimum award of $1,500.

The scholarships will be awarded at the November MWFA meeting. The application deadline is September 1st. For details and application go to https://mwfa.net/

DOWNLOAD MWFA SCHOLARSHIP APPLICATION: https://www.mwfa.net/pdf/scholarship-application-new.pdf

Connect – Learn – Grow at the 2023 Pac-West Fall Conference happening Thursday, September 14, 2023 – Saturday, September 16, 2023. Three days of networking, education, and fun. To learn more and register go to: https://www.pac-west.org/index.php?option=com_jevents&task=icalevent.detail&evid=541

Join the New England Fastener Distributors Association for Understanding Blueprints, a virtual class September 18th at 10:00am. ET. The class is for anyone in the fastener industry, whether you’re just starting your fastener career or are a seasoned veteran. Instructor Jim Speck will be demonstrating how to effectively read a blueprint.

Jim will cover the basics such as:

How to read a print
The different types of prints
Understanding what needs to be on a print
Understanding tolerances and specifications

Visit https://www.nefda.com/event/print-reading-basics-with-jim-speck/ to register now!

Fastener Basics

Grow from novice to knowledgeable with Fastener Training Institutes Fastener Basics in Denver, CO, on September 22 from 8:30 a.m. to 4:00 p.m. Expert trainer Laurence Claus, Industrial Fasteners Institute, Director of Education and Training, will teach this all-day training session geared for individuals new to the fastener industry and those who need to know more about the products they sell. Learn more and register today! New employees in the fastener industry need to gain expertise about a host of parts, including varying sizes and finishes. In Fastener Basics, students will grow from a novice to knowledgeable.

This in-person training opportunity is perfect for those new to the fastener industry, those who need to know more about the products they sell, as well as warehouse, sales and purchasing employees. Learn in a small group environment and bring learning and training materials back to the job. Register today at: https://fastenertrainingevents.com/fastener-basics-denver.htm

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/

Stay tuned for the BIG announcement about this years inductees to the prestigious IFE Fastener Hall of Fame and Young Fastener Professionals of the 2023.

The stories featured in this week’s episode of IN THE NEWS can be found in our (X) feed @FastenerNew 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.

Sign up for the free FND newsletter designed to keep busy fastener professionals like you up-to-speed on “All things FASTENATING”!

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Hey there! We have 4 million manufacturing jobs to fill by 2030!

Let’s work together and inspire the next generation of manufacturers by hosting a #MFGDay23 event!

Save the Date: Friday, October 6^th for Manufacturing Day 2023. Celebrated nationally on the first Friday in October and throughout the month. MFG Day is manufacturing’s biggest annual opportunity to inspire the next generation, positively shift perceptions about our industry, and build the foundation for the manufacturing workforce of the future.

Resources and toolkits available: https://mfgday.com/resources/

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By fluentdesignsUncategorized0 Comments

24AugAugust 24, 2023

Lessons from transformers: How some distributors reset and won

In an exceptionally challenging marketplace, a few distributors are outperforming others by wide margins. Here’s what they do differently.

Disruption is accelerating in distribution.

For years, distributors have faced the threats of disintermediation, ever-rising customer expectations, and pressure from e-commerce and omnichannel competitors. Then came a global pandemic and unprecedented supply chain challenges, labor shortages, and geopolitical tensions, as well as sharply higher interest rates and the specter of recession.

The industry as a whole has always been resilient, but these and other challenges have truly tested its resolve. Some distributors have faltered in the face of declining revenues and narrowing margins; others have weathered the storms and held their ground. A few—roughly one in ten—have thrived, improving their ROIC by almost 30 percent and increasing their revenues by an average of almost 9 percent CAGR, their profits by around five percentage points, and their EBITDA margins by nearly seven percentage points in the past few years (Exhibit 1).

What do these outperformers have in common? Our research shows that the winning distributors don’t just outperform—they transform. They use strategic M&A to build economies of scale, acquire talent, and gain access to new customers and markets. They maintain a relentless focus on the customer, increase their profits holistically, improve and expand their product assortments, and offer more value-added services and a better digital experience.

In this article, we not only review the distribution industry’s long-standing and new challenges but also explain how some companies beat the odds.

The business is tough, and getting tougher

In 2019, McKinsey published a report on the coming shakeout in distribution, outlining the industry-disrupting trends, such as OEM disintermediation, rising customer expectations, and powerful new entrants. That shakeout is still under way. Since then, our experience and updated research have helped us identify a combination of old and new threats to growth and profitability across the distribution industry.

22AugAugust 22, 2023

FND Conversation with Jake Hall, IFE 2023 Keynote Speaker

Mark your calendars for October 9 – 11th as the International Fastener Expo takes over the vibrant city of Las Vegas!

FND sat down for a conversation with Jake Hall, keynote speaker for the 2023 International Fastener Expo.

Keynote speaker, Jake Hall AKA the Manufacturing Millennial will take to the stage at IFE 2023 to dive into the topics of technology, innovation, and how to get your current and future workforce excited about these advances to the industry.

⏰Plan to arrive at the the exhibit hall early on Tuesday, October 10, the 2023, before the official opening of the Exhibit Hall.

⏰8:30AM – 9:30AM

Keynote Presentation: The Future of Manufacturing, Technology and Workforce

FND: Jake, please introduce yourself to our audience.

JH: Thanks so much I’m really looking forward to being the speaker in a couple of months. I’ve been in the manufacturing industry for 17 years, my background is working for a manufacturer back when I was in high school, and I’ve worked through systems integrators, distributors, and manufacturers during that time. What I do now is, I’m a full-time keynote speaker that travels around the US. I go to manufacturing facilities and look at the technology, talk with leadership teams. So, over that time I’ve become a influencer in the manufacturing space so my goal is to highlight what new technology is going to be impacting manufacturers such as automation, and then how do we do a better job of leveraging and changing our culture being more accepting to the next generation of millennials and Gen. Z’s who we need to bring up and fill the workforce that we have.

WATCH NOW: On FastenerTV at YouTube:

FND: When was the idea for the Manufacturing Millennial conceived? What really sparked you to think that there was this strong need for advocacy?

JH: The idea for the Manufacturing Millennial started in 2019, I was attending a trade show conference and one of the speakers at the time was talking about future proofing your company as a manufacturer. I was looking across the leadership teams and everyone that was sitting there, I thought for wanting to future proof I’m the only millennial that’s like under the age of 40 that’s in the audience right now, and so that’s kind of where the idea of being a unapologetic millennial in the manufacturing space idea started.

The Manufacturing Millennial content started in 2020 when the pandemic kicked off and we were all told to work from home. I saw when I was in outside sales at the time when I couldn’t go see people anymore. I still wanted to reach an audience. I thought I’ll start doing it by means other than just e-mail and phone calls. I started creating content on LinkedIn which I viewed as the biggest network of professionals in the manufacturing, automation, robotics for skills trade at the time. I started creating content with videos, short form articles, and posting memes related to our industry. My connections of like 200 people at a time grew to thousands within months. Then I said Well that’s interesting, there is something unique here. Our industry wants to see people who are passionate about it, where we’re always talking about the positive things that are happening. Talking about solutions that are making a difference, and are not just the ones that are complaining, complaining, complaining about how dark, dirty, dull, and dangerous our industry is. No, our industry is changing, and we must advocate for that, and that’s kind of how the whole brand started three years ago and now I have 100 million views across my social platforms around content in the manufacturing and automation space and it’s a lot of fun!

FND: Congratulations Jake, that that’s a huge audience to be reaching and for the authentic voice that you bring to manufacturing, automation, and technology. Your voice is really needed out there today. One of the problems that fastener distributors and manufacturers face is that they are generational businesses. In many cases the older generations want to change, but just don’t know where to get started. Since the pandemic, businesses have begun to recognize the need to include the generations that are coming up and allow them help steer us forward. They know how to buy online, they’re comfortable doing almost everything online, they are the future of our industry. Time to give them a voice, time to change up the game and go from brick and mortar to something even more industrious and digitized that will last through the coming years.

JH: Actually, that’s what we’ll cover in the keynote. We’ll talk about the emerging technologies, but we also talk about how manufacturers begin to change the way they have been doing business within their floor in their front office and through like through social media through the digital world that millennials and Gen. Z’s live and communicate in. How do we begin to change to drive the future generation to work for us in industry? I can’t wait to see everyone in Las Vegas!

FND: What do you see as the most promising technologies that are available to manufacturers today and industrial distributors that they should stay informed about and why?

JH: There are many forms of technology that are out there, everything from full level automation to what we’re seeing now, like the industry 4.0 space around solutions designed to improve and make the lives of workers easier and make the tasks easier. What a lot of manufacturers are fighting right now is not about trying to completely remove the worker from a task for an operation, it’s how do we make that workers life easier, so they stick around and do it longer, they won’t have that turnover rate. Things like AR (Augmented Reality), VR (Virtual Reality) are always beneficial collaborative robotic systems are great. If you have a worker that’s running back and forth from machine to machine or from your shipping and inventory to a production area, you’re spending half a day just walking, well maybe it’s time to integrate an AMR (Autonomous mobile robots), AGV (Automated Guided Vehicles) into your floor.

We’ll also talk about like technologies on the digital side. What is generative AI, what is ChatGPT doing to make your life easier? If you’re out there and you’re writing memos all day, or you have to write a new case study, or need to write instructions on how to run the machine, maybe start focusing on how we can use generative AI to do that from a from a work side. But also, generative AI can be one of those things that alleviates the front office as well, from HR or a sales or marketing perspective it can create marketing campaigns for you. It can go through resumes or job descriptions and look for key topics that match what you’re looking for. It can be designed that if your job descriptions maybe aren’t inclusive, to let’s say invite women to be a part of your job offer because your job description says is he needs to be able to run this machine, he needs to have years of experience. All of a sudden a female reads that and says oh jeez the immediately just think it’s going to be a male I might as well not even apply for it you’re like that advice you’re limiting the you know the resources and the market that you could have come and work for you so those are all different types of technology that are out there that can you know do small things to make the workers on the floor in the front office their jobs a little bit easier.

It goes on beyond that as well when we look at you know there’s a lot there’s so many great stories that I’m going to bring to this keynote but you know some of the examples is changing up the work week where you know for so long been picking up this like five hour work week that existed and when you look at what millennials and Gen. Z’s now have a flexible work between Amazon flex, working for a Grubhub or drive app company. They have that flexibility. We as manufacturers need to say listen the standard 5-day work week might not be the best option for us anymore. I know dozens of manufacturers that have switched to 4-day work weeks. I know a couple that are even doing 3-day work weeks right now. Of course, it’s got to match your production and your work style but it’s those things that you need to explore such as what if you did a working parent job, where they must drop their kids off at school and they must pick them up as well. They might not be able to do a traditional 40-hour work week. What are you doing to create a 30-hour work week, nine to three each day, where you can still then have those resources available. You change your production design layout to match and you’re going to attract 20 to 30 or more people on your floor that you might not even know existed.

FND: Jake, what advice would you give to a young person that might be considering a career path in manufacturing? Excite a young person about why it’s not you know that dirty greasy job anymore.

JH: The one thing I would start with is there’s so many directions you can take to get to a career in manufacturing. You can go and work for a skilled trades program, you can go and work for a manufacturer to get trained there. You can get a two-year associate degree; you can get a four-year degree. and engineering school there’s so many different paths that lead to a successful career in manufacturing. So, that’s where I would start. The one thing about manufacturing is there’s so many career path opportunities to advance as you grow within the company. So, that’s number one. The second one is I would say manufacturing has really shifted over the last ten years. We’re adopting more technology, more innovation, more future and robotics where yeah there are going to be the dark and the dirty aspects of jobs, but what we’re doing is we’re taking technology to alleviate those jobs to make them simpler. So, that’s the biggest approach that I’d have.

The other big thing is if you’re a person and you don’t know what you want to do when you grow up, and you’re a junior senior in high school, don’t go get a four-year degree and graduate with $35,000 in student debt when you don’t know what you want to do. Go and work for a company, go and get paid to work for a manufacturer. Get paid for your job, but also get paid to go to school. Get an apprenticeship, become a journeyman. There are so many amazing opportunities and avenues to a career in manufacturing. That’s why there are over 11,000,000 people working in manufacturing in the United States. People think that manufacturing left, it didn’t leave it all. If you look at the size of manufacturing here in the United States, it’s like a $2.4 trillion industry. If you were to take that industry and make its own country it would be the 7th largest economical country in the world!

FND: Jake I noticed you’ve got that Cubs hat on; you’ve always got that Cubs hat on! Tell us about your favorite sports team and if you think they’re going to clinch the division? What’s your take?

JH: I am a diehard Cubs fan! Obviously, I wear my Cubs hat wherever we go! it’s going to be tough, the Brewers have a really easy second season second-half schedule I’m hoping right now I think we’re half a game let’s see, we’re recording this on August 16th so I think we’re now one game out behind the wild card and like 3 1/2 games or games behind the Brewers right now in the social Division I have we have we’re able to start winning some games on our easier schedule for the next 12 to 14 games I think we got a chance to make the playoffs so we’ll see how things go and but it’s been a really fun last month to watch after the trailer round from the MLB All Star break so I think we I think we got a chance right now.

FND: Go Cubs! We are looking forward to seeing you on the expo floor at the International Fastener Expo! Any last word you want to put in?

JH: I’m just looking forward to seeing people there, networking and learning about all the new technology that’s happening in the fastener industry.

⏰Plan to arrive at the the exhibit hall early on Tuesday, October 10, the 2023, before the official opening of the Exhibit Hall.

Keynote speaker, Jake Hall AKA the Manufacturing Millennial will take to the stage to dive into the topics of technology, innovation, and how to get your current and future workforce excited about these advances to the industry.

⏰8:30AM – 9:30AM

Keynote Presentation: The Future of Manufacturing, Technology and Workforce

Connect with Jake:

LinkedIn

Website

YouTube

Instagram

Facebook

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Fastener Expo, Fastener News, Fastener News Desk, International Fastener Expo

By fluentdesignsUncategorized0 Comments

17AugAugust 17, 2023

Minnesota Nice: Daniel Florness

Frugality is often used as a pejorative in the business world. Fastenal CEO Daniel Florness wears it as a badge of honor, pointing to his plain office and explaining that too many people confuse frugal with cheap.

AMP He also considers frugality key for Fastenal, which puts an emphasis on getting closer to customers and prioritizes its spending accordingly.

“Frugal is the further we get from our customer, the less willing we are to spend money. Because we really have to understand how that dollar spent helps our customer,” Florness tells The CEO Magazine. “Our motto as an organization for the last 50-some years has been ‘growth through customer service’.”

AMP

Our motto as an organization for the last 50-some years has been ‘growth through customer service’.

Fastenal’s famed frugality hasn’t slowed the company’s growth since its founding in 1967. It also hasn’t impeded its expansion since Florness became CEO in 2015, with sales doubling and its international presence mushrooming despite the COVID-19 pandemic.

Minnesota-based Fastenal is a United States leader in the wholesale distribution of industrial and construction supplies. Traded on the Nasdaq exchange, the company has evolved from a small-town shop selling fasteners to operating around the world.

Founder Bob Kierlin started the business with US$30,000 cobbled together from his savings and four friends. He originally envisioned custom vending machines dispensing nuts and bolts but encountered technological limitations.

Adjusting operations

Today, Fastenal operates around 1,500 branch locations. That’s 40 percent fewer than a decade ago, according to Florness, who has turned the focus toward opening on-site locations. Such operations allow Fastenal experts to work on-site with customers – rather than another location off-site – quickly replenishing inventories as needed and optimizing supply chains.

“It really has transformed our business over the last seven-to-10 years and put us in a position to find deeper success in the marketplace,” Florness says.

Fastenal has rolled out the vending machines envisaged by its founder back in the 60s. Its FASTVend solutions help organizations with inventory management, improve access to merchandise and reduce unnecessary consumption.

AMP

When we solve problems it isn’t this group of people at some faraway corporate office that’s solving problems.

Its international business broke the US$1 billion barrier in revenue last year. And the company has pushed ahead with digitalization. Some 50 percent of its business is now digital, a figure Florness expects to continue growing rapidly.

“It’s really about how you engage and communicate with your customer and finding ways to pull more of their needs through our network rather than push it through,” he says. “Because it’s a much leaner concept and it allows us to be operationally more efficient.

“You can offer better prices in the marketplace to your customers. You can also reward your employees more in the process and grow the business faster. And our shareholders win when those three things happen.”

Company culture

The Fastenal culture of corporate frugality started with its founder. Inc. Magazine named Kierlin the cheapest CEO in America, noting that he owned six suits, which he purchased used from a men’s store manager.

“Frugality is an attitude you develop. Once you have it, it sticks with you in everything in life. You don’t have to think about it,” Kierlin told the magazine.

“Kierlin had a genuine distaste for taking on debt, so we learned to be very frugal from day one,” Florness says.

Florness started with Fastenal in 1996 as CFO after 10 years as a public accountant with KPMG.

He was tapped as CEO in 2015 – reflecting the preference in Fastenal for promoting from within as well as the company’s commitment to developing leaders through an in-house corporate university.

“It’s all about, develop yourself, develop others and then create that direction. Next, align the resources and people and provide commitment to that end. That’s what a leader does,” Florness says.

“If I look at leaders throughout the organization, our senior leadership, the average of the group is 20-plus years’ experience in the organization.”

AMP

We’re challenging each other to provide the greatest supply chain to that end customer.

Florness explains that it’s a hallmark of the organization that there is nothing too sacred to talk about and work through. “There’s genuine trust through the organization that I think carries us through in that type of period,” he says.

Fastenal has also fomented a culture of decentralization.

“It empowers people to make decisions, and that means you can make mistakes. That’s an expected part of learning,” he says. “When we solve problems, it isn’t this group of people at some faraway corporate office that’s doing it. We’re solving problems at the point of engagement with our customer.”

AMP

Securing Supply Chains

The COVID-19 pandemic offered a rude reminder of the importance of securing supply chains, a concept Florness is promoting among his customers and suppliers.

“When chaos is going on, where do you have to spend your energy and where can you not afford to spend your energy?” Florness asks.

“What we try to do is bring together that group of products that our customer doesn’t have to worry about when things are chaotic, so they can focus their energy in other places.

“That’s the concept of securing.”

Fastenal courts close relationships with suppliers – just as it does with customers such as Fluke Corporation, which is renowned for its test, diagnostic and measurement tools.

“We’re open and honest,” Florness says. “I would expect a supplier to challenge us to help them find success, just as we would challenge them to help us find success.

“Both of us, in that challenging conversation, should ultimately be looking at the customer that’s ending up with that product, that widget. And we’re challenging each other to provide the greatest supply chain to that end customer.”

“Fastenal’s slogan, ‘Where Industry Meets Innovation’, aptly reflects their partnership with Fluke. Fluke’s 75-year legacy of innovation, portability, ruggedness, safety, accuracy and rigid standards of quality aligns perfectly with Fastenal’s commitment to excellence.” – Jason White, National Accounts Manager, Fluke

SOURCE: CEO Magazine

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By fluentdesignsUncategorized0 Comments

17AugAugust 17, 2023

Patriot Bolt and Fastener Makes Inc. 5000

For the 2^nd Time, Patriot Bolt and Fastener Makes the Inc. 5000, at No. 1716 in 2023, With Three-Year Revenue Growth of 326 Percent

NEW YORK, August 15, 2023 – Inc. revealed today that Patriot Bolt and Fastener ranks No. 1716 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.

“We owe our success to the amazing efforts of our team. Their dedication to excellence, innovation, and working together has brought us to new levels and made us a leading company in the industry.”– Kris Kolb (Founder and CEO of Patriot Bolt and Fastener)

The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate was an astonishing 2,238 percent. This year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.

For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.

“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that it requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”

“I want to extend my sincere gratitude to our hardworking employees and loyal customers. Our team’s unwavering pursuit of excellence drives our growth, and I am deeply thankful for their passion and determination.
The recognition of being on the Inc. 5000 list is a significant milestone that belongs to every one of our employees. It is a testament to the values we cherish and the tireless efforts we put into every aspect of our work.
We have accomplished something remarkable yet again, and I am thrilled to witness what the future holds for Patriot Bolt. Onward and upward!”
– Kris Kolb (Founder and CEO of Patriot Bolt and Fastener)

Press Contact:

Paul Salinas

Director of Digital

Patriot Bolt and Fastener

Email: paul@patriotbolt.com

Phone: (281) 581-0176

More about Inc. and the Inc. 5000

Methodology

Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. Companies must have been founded and generating revenue by March 31, 2019, to qualify. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.

About Inc.

Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches over 50 million people across various channels, including events, print, digital, video, podcasts, newsletters, and social media.

Its proprietary Inc. 5000 list, produced yearly since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, allows the founders of top businesses to engage with an exclusive community of their peers and credibility that helps them drive sales and recruit talent.

To learn more about Patriot Bolt and Fastener please visit https://patriotbolt.com.

SOURCE: Patriot Bolt

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By fluentdesignsUncategorized0 Comments

Welcome

Author - fluentdesigns

2023 HALL OF FAME INDUCTEES

2023 YOUNG FASTENER PROFESSIONAL INDUCTEES

YOUR JOURNEY TO THE INTERNATIONAL FASTENER EXPO EXPERIENCE IN EXCELLENCE BEGINS HERE!

A nuts-and-bolts company selling over 700,000 products

New Fort Worth regional HQ to create 250 jobs

DAY 2 – Tuesday, October 10

Happening this week…

Disruption is accelerating in distribution.

The business is tough, and getting tougher

⏰8:30AM – 9:30AM Keynote Presentation: The Future of Manufacturing, Technology and Workforce

⏰8:30AM – 9:30AM Keynote Presentation: The Future of Manufacturing, Technology and Workforce

Adjusting operations

Company culture

Securing Supply Chains

For the 2nd Time, Patriot Bolt and Fastener Makes the Inc. 5000, at No. 1716 in 2023, With Three-Year Revenue Growth of 326 Percent

⏰8:30AM – 9:30AM

Keynote Presentation: The Future of Manufacturing, Technology and Workforce

⏰8:30AM – 9:30AM

Keynote Presentation: The Future of Manufacturing, Technology and Workforce

For the 2^nd Time, Patriot Bolt and Fastener Makes the Inc. 5000, at No. 1716 in 2023, With Three-Year Revenue Growth of 326 Percent