Read full report:
Fastenal Company 08.2022-Sales-Release-F
SECOND QUARTER 2022
Q2-2022-Investor-Presentation-7.12-R7_No-Footers_FINAL
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FOR IMMEDIATE RELEASE
GLENDALE, CA (SEPTEMBER 8, 2022) – The Fastener Training Institute (FTI), the leading nonprofit provider of fastener training opportunities, announced the appointment of a new board president and members. FTI appointed Chris McCaffrey, Business Development Manager, Atlanta Rod and Manufacturing, as president of the board. Chris has served on the FTI Board since 2018 as a director and vice president. He has worked in the industry for nearly 20 years and strongly supports fastener industry training.
FTI Board Members as of September 2022:
• President: Chris McCaffrey, Business Development Manager, Atlanta Rod and Manufacturing
• Vice President: Greg Rawlings, President, Nylok
• Treasurer: Dallas Puckett, Valley Nut and Bolt
• Director: Bob Baer, President, Abbott Interfast
• Director: Gene Simpson, President, Semblex
• Director: Jennifer Sturm, Empire Bolt & Screw
About Fastener Training Institute
The Fastener Training Institute is a nonprofit organization that provides beginning and advanced training on fastener products, standards and specifications. Our core purpose is to enhance fastener use, reliability and safety. Our mission is to make you more knowledgeable about the fastening products you buy, sell, specify or use. For more information about Fastener Training Institute, visit www.fastenertraining.org.
Contact:
Jo Morris, Marketing Director
jom@fastenertraining.org
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After a long holiday weekend, the nation gets back to school and back to work!
Here’s what’s happening in and around the fastener industry this week…
Watch Now: (11:09)
Happening today is a NEW WEBINAR from the Fastener Training Institute: Understanding the Value Your QMS Brings to Your Organization. The LIVE, TWO-HOUR ONLINE TRAINING is Co-Produced by Industrial Fasteners Institute. Go to FastenerTraining.org to learn more about upcoming webinars and training opportunities.
The St. Louis Federal Reserve (FRED) Producer Price Index: Bolts, Nuts, Screws, Rivets, & Washers hit another all-time high of 289.384 in July 2022. Do You Know What the acronym FRED stands for? It’s short for Federal Reserve Economic Data, FRED is an online database consisting of hundreds of thousands of economic data time series from scores of national, international, public, and private sources. FRED, created and maintained by the Research Department at the Federal Reserve Bank of St. Louis.
Phoenix-based, family-owned & operated Copper State Bolt & Nut Co. is expanding its 50-year presence in new Class A #distribution center in Goodyear, AZ. The new Copper State warehouse and distribution building will total 39,491 square feet on 5 acres. Founded in Phoenix in 1972 with six employees, Copper State today employs almost 500 and supports more than 20,000 customers across the West and Southwest. It provides traditional fasteners, construction products, industrial supplies, and specialty products to a wide range of construction- and manufacturing-related industries.
Copper State CEO Sarah Shannon said “We have spent 50 years evolving to support our fast-paced, service-oriented industry, and our latest expansion is no exception,” “This new facility expands our reach farther into Phoenix’s West Valley than we have been before, where so many of our customers are building and operating in response to a nearly unprecedented commercial and residential boom. With our new location, we will be right where they need us to be.”
In other news affecting distributors is the possibility of one of the biggest strikes in US history is said to be brewing at UPS. Contract negotiations are set to begin in the spring between UPS and the Teamsters Union ahead of their current contract’s expiration at the end of July 2023. Already, before the talks have even started, labor experts are predicting that the drivers and package handlers will go on strike. Read more about this story from CNN in our twitter @FastenerNews feed.
In a NEW Report from the Reshoring Initiative found that in 2021 the private and federal push for domestic supply of essential goods propelled reshoring and foreign direct investment (FDI) job announcements to a record high. Reshoring Initiative 2022 data shows reshoring and FDI continuing these gains. The current 2022 projection of jobs announced is around 350,000 – another record, up from 260,000 in 2021. If the projection is achieved, 2022 will bring the total jobs announced since 2010 to over 1.6 million. Supply chain gaps and the need for greater self-sufficiency continue as major factors driving reshoring. Read the full report featured at Fastener News Desk.
If you haven’t already done so, it’s time to register for the 41st edition of the International Fastener Expo, which will take place in Las Vegas October 17-19th.
The International Fastener Expo is Largest B2B expo of Industrial Fasteners and Tooling & Machinery in North America. Since 1981, the event continues to bring together the manufacturers and master distributors of fasteners and other related products and services with distributors and sales agents in the entire supply and distribution chain.
IFE Exhibitors! With more than 300 companies already registered, space is running out to exhibit at this year’s expo. Don’t miss your opportunity to make an impact at the largest B2B expo for #fasteners!
IFE Exhibitors It’s Game On: The Fastener News Desk Best Booth Awards return to the 2022 International Fastener Expo! IFE will be sponsoring the Best Booth Awards (that are pretty dang cool) from Trophy Smack! We’re so excited to be BACK in-person, we plan to immortalize your hard-earned victory with a professional-grade championship belt. This year the overall BEST BOOTH AWARD WINNER will claim the Best Booth Award’s first ever customized Championship Belt. We can’t wait to see your creativity this October in Vegas! Who will claim the title?
Go to https://fastenershows.com to book your space today!
GET REGISTERED FOR IFE 2022 USING THE FND Discount Code: FND50
The International Fastener Expo will FEATURE Keynote Speaker. Dirk Beveridge at IFE 2022. Dirk is a visionary entrepreneur and the founder of UnleashWD. Dirk has authored four books including the bestselling INNOVATE! How Successful Distributors Lead Change In Disruptive Times.
Dirk recently published a NEW Report: The State of Leadership Throughout Distribution. Over 200 executives provided an unprecedented look into how the nature of leadership is changing in distribution. Get details on how to download the new, landmark call-to-action report now at Fastener News Desk
You won’t want to miss Dirk Beveridge your IFE 2022 keynote speaker. Register now at FastenerShows.com use the FND discount code: FND50
REGISTRATION IS ALSO OPEN FOR Fastener Training Institute’s “How Fasteners are Made and What Drives the Cost of a Fastener” CLASS that will take place at the International Fastener Expo. For Registration and more info go to: https://fastenershows.com/fti-class/
📌 Manufacturing Day is right around the corner! This year the month-long celebration of MFG Day 2022 will kick-off on Friday October 7th!
MFG Day is manufacturing’s biggest annual opportunity to inspire the next generation to start careers in modern manufacturing through a series of focused events to promote manufacturing to students, parents, and educators. Plan to open your doors Oct. 7 or throughout the month of October!
Get a helpful resource guide, toolkit, and all you need to get started planning your Manufacturing Day event at MFGDay.com Use #MFGday22 to share your event!
On Thursday, September 8th… Grab your golf clubs and join the North Coast Fastener Association and industry friends for a fun day of golf at the NCFA Screw Open Golf Outing. This event is open to everyone! Go to NCFAonline.com for all the details.
Pac-West Fastener Association 2022 Fall Conference. September 14th-17th in Denver, CO. Registration is now open go to www.pac-west.org
Join the Southwestern Fastener Association for the Southern Fastener Conference and Expo taking place in Durant, OK Sept. 28th-30th. Get more info at https://www.southwesternfastener.org/
The stories featured in this week’s episode of IN THE NEWS can be found at Fastener News Desk or in our Twitter feed @FastenerNews and on LinkedIn in the Fastener News Group!
Industrial products are comprehensive and purchasing them online can lead to poor customer experiences when utilizing faceted search. The Product Genius’s grid technology allows your clients to search, sort and purchase 100’s of products from a one-page buying experience. Experience and Demo FAST Fastener buying at 1-800-Fasteners.com.
PGT’s services also include, data cleaning and preparation, consulting, and strategizing. Contact ProductGeniusTechnology.com or call 1-800-fasteners to find out how to get started today.
If you would like to share your company’s events, news or sponsor an upcoming episode of IN THE NEWS or would like to add to the Fastener Museum 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, be safe and Keep it Fastenating.
RELATED CONTENT:
IN THE NEWS with Fastener News Desk the Week of August 29th, 2022
IN THE NEWS with Fastener News Desk the Week of August 22nd, 2022
Executive Summary
In 2021 the private and federal push for domestic supply of essential goods propelled reshoring and foreign direct investment (FDI) job announcements to a record high. Reshoring Initiative 1H 2022 data shows reshoring and FDI continuing these gains. The current 2022 projection of jobs announced is around 350,000 – another record, up from 260,000 in 2021. If the projection is achieved, 2022 will bring the total jobs announced since 2010 to over 1.6 million. Supply chain gaps and the need for greater self-sufficiency continue as major factors driving reshoring. The possibility of a Taiwan-China conflict and the threat of China decoupling are focusing those concerns. Destabilizing geopolitical and climate forces have brought to light our vulnerabilities and the need to address them. Subsequently, great opportunities have arisen for a continued meaningful rebound of U.S. manufacturing. Continuing the current trajectory will reduce the deficit, add jobs, and make the U.S. safer, more self-reliant and resilient.
READ FULL REPORT:
There are many reasons for American manufacturers to reevaluate offshoring and consider reshoring. Companies are increasingly recognizing that costs, risks and strategic impacts previously ignored are large enough to overcome the shrinking emerging market wage advantages. They are seeing the benefits of proximity, i.e. producing in the market, especially when the home market is the U.S., still the world’s largest.
Reshoring is the fastest and most efficient way to strengthen the U.S. economy because it:
Reshoring is gaining momentum throughout the country. Many companies have already repatriated some of their manufacturing efforts, and the Reshoring Initiative is continuing to spread the “return-manufacturing-home” message to help other manufacturers realize America is an advantageous place to produce goods.
The United States used to be the world’s industrial powerhouse, and Harry Moser, founder of the Reshoring Initiative and former president of machine tool maker GF AgieCharmilles, grew up experiencing its glory.
Moser’s father, a manager, and grandfather, a foreman, worked for the once sprawling Singer sewing machine factory in Elizabeth, New Jersey. Moser himself spent summer vacations from high school and college working at the plant.
But times changed. The Singer factory is now gone as are a long list of other American manufacturing plants due to decades of offshoring. Not wanting to see any more U.S. manufacturing jobs disappear, Moser found it critical to start an industry-led initiative to prove offshoring is not always the best economical decision for companies.
In fact, American companies considering sending their manufacturing offshore often don’t consider all of the costs, e.g. inventory carrying costs, travel costs to check on suppliers, intellectual property risks and opportunity costs from product pipelines being too long.
The Reshoring Initiative, founded in early 2010, takes action by helping manufacturers realize that local production, in some cases, reduces their total cost of ownership of purchased parts and tooling. The Initiative also trains suppliers how to effectively meet the needs of their local customers, giving the suppliers the tools to sell against lower priced offshore competitors.
Contact: Reshoring Initiative | www.reshorenow.org | 847 867 1144 | info@reshorenow.org
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[Sponsor]
EUROLINK FASTENER SUPPLY SERVICE
A: WATCH VIDEO NOW TO GET THE CORRECT ANSWER
Eurolink is the premier US distributor of metric fasteners and fastener lines with hard-to-find metric fasteners manufactured to both DIN and ISO standards. As the nation’s leading source for hard-to-find metric fasteners, Eurolink offers access to more than 100,000 quality C-class parts from countries such as Germany, Italy, Switzerland, Poland, Spain, France, and Great Britain. Regardless of your required size, material, or finish, Eurolink FSS has the European resources to meet your demands.
If you’re looking for a top fastener supplier you’ve found one!
Eurolink is committed to providing you fast HASSLE-FREE ordering, fair pricing, and timely delivery. Are you spending hours searching fastener websites or catalogs? Waiting on hold while a sales rep digs through their catalog to confirm a DIN number? Wondering if your invoice will even be processed correctly? How about worrying whether or not your quoted ship date was just a sales rep’s guess? Not at Eurolink Fastener! Simply submit a quick RFQ for the items you require. We’ll do all the research, and follow up with you personally with a complete quotation. As you order products from Eurolink, you can do so with the confidence that your order will be processed accurately and efficiently — along with the best available pricing and delivery — means HASSLE-FREE to you.
CONTACT EUROLINK TODAY: https://eurolinkfss.com/
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Indianapolis, IN, USA (September 1, 2022) – Würth Industry North America (WINA), the leading industrial distributor of supply chain solutions for fasteners, MRO, and safety equipment, announced today three senior executive-level hires to support their divisional structure and position itself for continued rapid growth. Completed in 2021, their reorganization allows divisions to focus wholly on their vertical market and offer unparalleled product range, services, and expertise to their respective industries.
Bastian Rottenberg was hired as the company’s chief information officer. Rottenberg has a tremendously successful background in information technology, working for Würth Industrie Service in Germany for seven years before owning his own IT business, then rejoining the Würth Group in 2020 and joining WINA in January of 2021. In this role, he will be responsible for the strategy, design, architecture, and functionality of the enterprise-wide information systems and serves as the liaison to the Würth Group global IT group.
WINA also welcomed Ben Standhardt as vice president of process management and automation. Standhardt has been with the Würth Group since 2016 and, before joining in May, was managing director of Würth Industri Norge AS in Norway. In this role, he will be responsible for optimizing business processes and measures/key performance indicators for the divisions of WINA. Ben and his team will also focus on finding processes with the potential to be transferred to Robotic Process Automation.
Additionally, James Valdez was named chief human resources officer for Würth Industry North America. Valdez brings over 20 years of comprehensive human resources experience. He has proven experience at multi-billion dollar corporations collaborating with senior management to develop and maintain strategic and tactical plans to enable business growth and meet HR business needs. In this role, he will be responsible for driving a strategy that supports our company culture, aligns human resources programs with business requirements, and provides a foundation for employee professional growth and opportunity.
“Adding high-caliber members like Bastian, Ben, and James to our senior executive team allows Würth Industry North America to grow through our divisional structure and provides us with resources to succeed at all levels of business,” said Dan Hill, chief executive officer of Würth Industry North America. “They bring extensive industry experience and leadership styles that complement our divisional leadership teams and allow us to work together to continue to advance the business.”
About Würth Industry North America www.wurthindustry.com
Würth Industry North America (WINA) is a $1+ billion division of the Würth Group, the world’s largest industrial distributor. Within the Würth Group, founded in 1945, WINA is a privately held, family-owned business that believes satisfying customers is not enough. They inspire customers by offering solutions and innovations that move their business forward. WINA is comprised of strategically aligned, customer-centric market divisions, including Industrial, MRO, Safety, & Metalworking, Construction, and Specialty, that deliver better planning, parts management, and inventory accuracy. As global supply chain solution drivers, WINA offers superior security through its products and services, including additive manufacturing, digital inventory, engineering assistance, quality control, inventory management, vending, safety supplies, kitting and assembly, structural fasteners, and MRO/industrial supplies. With more than 420,000 parts in its international supply chain, WINA provides each customer with extensive global reach and local knowledge from deep investment in its network of distribution centers across the United States, Canada, Mexico, and Brazil. The company is the creator of the global series Würth Knowing, the industry’s first fastener education YouTube series. For more information on Würth Industry North America, visit www.wurthindustry.com
Würth Industry North America key facts:
• Industry solution drivers with both a global reach and local knowledge through a strategic network of
distribution centers across North America and Brazil
• 2,500+ employees to keep you working one step ahead
• More than 420,000 fastener, MRO, safety and PPE, metalworking, and 3D printing products, so you
have the right parts with exceptional value
• Part of the Würth Group ($20B+), which operates 400 companies in more than 80 countries and has
more than 84,000 employees
Contact:
Molly Hauer | molly.hauer@wurthindustry.com
+1 612.270.7613
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Aug. 29, 2022 – The very nature of leadership has changed as a result of the pandemic and other disruptive forces. As a result, the human element will play an important role in leadership in a post-pandemic world.
Distributors across product segments, generations and geographies agreed with these two core premises in the new report, “Reimagining Leadership,” the first in a landmark triannual series of reports called “The Future of Distribution” from Dirk Beveridge, Founder of UnleashWD, Executive Producer at We Supply America, President of the Beveridge Consulting Group and Champion for the noble calling of distribution for over 36 years.
The work highlighted in the first report was inspired by Founder Dirk Beveridge’s travel across the country during two seasons of the We Supply America tour, when he visited dozens of distributors and saw firsthand the challenges that leadership is facing.
“Distributors are experiencing a collision of forces changing how we live, work and play. We’re also experiencing a great generational shift, which several distributors told us doesn’t get enough credit for the impact it is having. This confluence of change has accelerated over the past couple of years, leading to what we call The Great Redefinition,” Beveridge said.
“Distributors are at an inflection point. If they want to survive, they must chart a new course,” Beveridge said. “They need to embrace some qualities and let go of others that led to their success in the past. The ability to move quickly and embrace creative solutions must be a core competency. They must innovate the leadership role.”
The research results and analysis, as well as a guide for distributors to take action, are available free to download at leadership.futureofdistribution.com.
About UnleashWD
UnleashWD is a design, innovation, and strategy firm that transforms legacy distributors into nimble and innovative market leaders. Dirk Beveridge is the founder of UnleashWD, Executive Producer at We Supply America, President of the Beveridge Consulting Group, and Champion for the noble calling of distribution for over 36 years. His one-of-a-kind perspective on the future of wholesale distribution has guided his mission to advance the growth, relevance, and transformation of the industry, helping distributors thrive. Learn more by visiting https://www.WeSupplyAmerica.net or https://www.unleashwd.com.
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2022 We Supply America Tour Launches in May to Keep Telling Distributors’ Stories
Watch Now: (8:33)
The Midwest Fastener Association has wrapped up another successful FSTNR WEEK!
Würth Industry North America, the leading industrial distributor of supply chain solutions for fasteners, MRO, and safety equipment, reported record, double-digit revenue growth through July, seeing an increase of 16.5% compared to the previous year. Despite ongoing supply chain challenges and an unstable economic situation, the company was able to carry its growth momentum from 2021 and is on track to report the largest annual sales volume in its 26-year history. Read the full release featured at Fastener News Desk.
ATTN: Fastener Women! The WIFI Edith Cameron Scholarship for the International Fastener Expo is open. Women in the Fastener Industry honor the memory of Edith Cameron who was/is a pioneer in the fastener industry for 55 years. She was a trailblazer in the fastener industry for many years, and she was inducted into the Fastener Hall of Fame in 1993. She encouraged many women to excel in their careers in the fastener business. The recipient of the WIFI Scholarship will receive financial assistance for travel, accommodations & entry to the expo. Go to FastenerWomen.com to Apply today! Deadline: 8-31-2022.
It’s time to get registered for the 41st edition of the International Fastener Expo, which will take place in Las Vegas October 17-19th.
The International Fastener Expo is Largest B2B expo of Industrial Fasteners and Tooling & Machinery in North America. Since 1981, the event continues to bring together the manufacturers and master distributors of fasteners and other related products and services with distributors and sales agents in the entire supply and distribution chain.
IFE Exhibitors! With more than 300 companies already registered, space is running out to exhibit at this year’s expo. Don’t miss your opportunity to make an impact at the largest B2B expo for #fasteners! Go to Fastenershows.com to book your space today!
IFE Exhibitors It’s Game On: The Fastener News Desk Best Booth Awards return to the 2022 International Fastener Expo! IFE will be sponsoring the Best Booth Awards (that are pretty dang cool) from Trophy Smack! We’re so excited to be BACK in-person, we plan to immortalize your hard-earned victory with a professional-grade championship belt. This year the overall BEST BOOTH AWARD WINNER will claim the Best Booth Award’s first ever customized Championship Belt. We can’t wait to see your creativity this October in Vegas!
Go to Fastenershows.com to book your space today!
GET REGISTERED USING THE FND Discount Code: FND50
The International Fastener Expo has added a Keynote Speaker. Dirk Beveridge will keynote IFE 2022. Dirk is a visionary entrepreneur and the founder of UnleashWD. Dirk has authored four books including the bestselling INNOVATE! How Successful Distributors Lead Change In Disruptive Times.
Dirk Beveridge is a leading advocate of change and innovation. As one of the country’s most outstanding speakers, he delivers a new voice, a new energy, and a new outlook. Dirk’s presentations are unparalleled. He delivers original, proven, and often disruptive thinking.
You won’t want to miss the keynote session. Register now at use the FND discount code: FND50
REGISTRATION IS OPEN FOR Fastener Training Institute’s “How Fasteners are Made and What Drives the Cost of a Fastener” CLASS that will take place at the International Fastener Expo. For Registration and more info go to: https://fastenershows.com/fti-class/
📌 Manufacturing Day is right around the corner! This year the month-long celebration of MFG Day 2022 will kick-off on Friday October 7th!
MFG Day is manufacturing’s biggest annual opportunity to inspire the next generation to start careers in modern manufacturing through a series of focused events to promote manufacturing to students, parents, and educators. Plan to open your doors Oct. 7 or throughout the month of October!
Get a helpful resource guide, toolkit, and all you need to get started planning your Manufacturing Day event at MFGDay.com Use #MFGday22 to share your event!
Tuesday, September 6th is a NEW WEBINAR from the Fastener Training Institute: Understanding the Value Your QMS Brings to Your Organization. LIVE, TWO-HOUR ONLINE TRAINING, Co-Produced by Industrial Fasteners Institute. Go to FastenerTraining.com to register.
Grab your clubs and join the North Coast Fastener Association and industry friends for a fun day of golf at the NCFA Screw Open Golf Outing on Thursday, September 8th. This event is open to everyone! Go to NCFAonline.com to register today!
Pac-West Fastener Association 2022 Fall Conference. September 14th-17th in Denver, CO. Registration is now open go to pac-west.org
The stories featured in this week’s episode of IN THE NEWS can be found at Fastener News Desk or in our Twitter feed @FastenerNews and on LinkedIn in the Fastener News Group!
Industrial products are comprehensive and purchasing them online can lead to poor customer experiences when utilizing faceted search. The Product Genius’s grid technology allows clients to search, sort and purchase 100’s of products from a one-page buying experience. Experience and Demo FAST Fastener buying at 1-800-Fasteners.com.
PGT’s services also include, data cleaning and preparation, consulting, and strategizing. Contact ProductGeniusTechnology.com or call 1-800-fasteners to find out how to get started today.
If you would like to share your company’s events, news or sponsor an upcoming episode of IN THE NEWS or would like to add to the Fastener Museum 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, be safe and Keep it Fastenating.
RELATED CONTENT:
IN THE NEWS with Fastener News Desk the Week of August 22nd, 2022
IN THE NEWS with Fastener News Desk the Week of August 15th, 2022
[Sponsor]
EUROLINK FASTENER SUPPLY SERVICE
A: WATCH VIDEO NOW TO GET THE CORRECT ANSWER
Eurolink is the premier US distributor of metric fasteners and fastener lines with hard-to-find metric fasteners manufactured to both DIN and ISO standards. As the nation’s leading source for hard-to-find metric fasteners, Eurolink offers access to more than 100,000 quality C-class parts from countries such as Germany, Italy, Switzerland, Poland, Spain, France, and Great Britain. Regardless of your required size, material, or finish, Eurolink FSS has the European resources to meet your demands.
If you’re looking for a top fastener supplier you’ve found one!
Eurolink is committed to providing you fast HASSLE-FREE ordering, fair pricing, and timely delivery. Are you spending hours searching fastener websites or catalogs? Waiting on hold while a sales rep digs through their catalog to confirm a DIN number? Wondering if your invoice will even be processed correctly? How about worrying whether or not your quoted ship date was just a sales rep’s guess? Not at Eurolink Fastener! Simply submit a quick RFQ for the items you require. We’ll do all the research, and follow up with you personally with a complete quotation. As you order products from Eurolink, you can do so with the confidence that your order will be processed accurately and efficiently — along with the best available pricing and delivery — means HASSLE-FREE to you.
CONTACT EUROLINK TODAY: https://eurolinkfss.com/
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, | For Immediate Release
Würth Industry North America (WINA), the leading industrial distributor of supply chain solutions for fasteners, MRO, and safety equipment, reported record, double-digit revenue growth through July, seeing an increase of 16.5% compared to the previous year. Despite ongoing supply chain challenges and an unstable economic situation, the company was able to carry its growth momentum from 2021 and is on track to report the largest annual sales volume in its 26-year history.
“Even against the economic and market challenges we faced in the first half of 2022, we continue to see double-digit sales growth through our divisional structure,” shared Dan Hill, chief executive officer of Würth Industry North America. “Our divisions are wholly focused on their vertical market and offer unparalleled product range, services, and expertise to their respective industries. The continued growth of Würth Industry North America relied on the execution of an alignment that highlights the strengths and capabilities of the historical companies.”
The company’s divisional structure has contributed to its continued sales success. The MRO, Safety, & Metalworking division saw a 22.7% increase over the prior year, and the Industrial Division, including domestic and international business from Canada, Mexico, and Brazil, grew 14.8%. The company’s alignment into divisions was completed in 2021. The multi-year business transformation was designed to streamline and optimize the operations, product range, and purchasing power of the group of North American companies and grow total sales that contribute to the overall success of its parent company, the Würth Group. Since then, all four divisions have shown total year-over-year sales growth.
The company continues to focus on investing in people, facilities, and inventory to maintain a high service degree with existing customers and expand its ability to onboard new customers. WINA welcomed 128 new employees in the seven months of 2022. Currently, 2,534 people work for the company, which has grown its workforce by 5.3% since the close of 2021. In March, they made a significant investment in a 387,558 square foot building in Roanoke, VA, that will serve as the headquarters and logistics center for the Würth Revcar – Industrial Division business across the Eastern United States.
WINA is part of the $21 billion Würth Group, which, since 1995, has held an A/stable Standard & Poor’s rating. The Group’s financial stability and available capital support it in navigating through the recent economic, supply chain, and inflationary distress while maintaining its focus on investment in its people, companies, and customers. The company is carefully monitoring the market situation and appropriately adjusting inventory levels in close partnership with its supplier base to protect its customers as the economic situation continues to be volatile.
Würth Industry North America (WINA) is a $1+ billion division of the Würth Group, the world’s largest industrial distributor. Within the Würth Group, founded in 1945, WINA is a privately held, family-owned business that believes satisfying customers is not enough. They inspire customers by offering solutions and innovations that move their business forward. WINA is comprised of strategically aligned, customer-centric market divisions, including Industrial, MRO, Safety, & Metalworking, Construction, and Specialty, that deliver better planning, parts management, and inventory accuracy. As global supply chain solution drivers, WINA offers superior security through its products and services, including additive manufacturing, digital inventory, engineering assistance, quality control, inventory management, vending, safety supplies, kitting and assembly, structural fasteners, and MRO/industrial supplies. With more than 420,000 parts in its international supply chain, WINA provides each customer with extensive global reach and local knowledge from deep investment in its network of distribution centers across the United States, Canada, Mexico, and Brazil.
SOURCE: Würth Industry North America
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