IN THE NEWS with Fastener News Desk the Week of October 10th, 2022
Here’s what’s happening in and around the fastener industry the Week of October 3rd, 2022
Listen now: (8:10)
In Fastener News…
The Fastener Distributor Index (FDI) survey for September 2022 retreated once again to a sub-50 reading at 47.6 as the FDI continues its recent choppy pattern of bouncing up/below the neutral level. This was consistent with the sharp contraction registered in last month’s Forward-Looking Indicator (FLI), which further suggested it could result in a contractionary reading for September. Demand commentary remained bearish, with many expecting further normalizing demand as customers burn through inventory. Looking forward, the Forward-Looking Indicator (FLI) remained at sub-50 levels, reading 47.5, suggesting additional declines in the FDI could be likely next month. Overall, September was a relatively soft month for fastener distributors, and the FDI suspects further softening ahead.
We’re less than 1 week away from the largest B2B expo for fasteners happening in Las Vegas October 17-19th!
For more than 40 years, the International Fastener Expo has brought together both the domestic and international fastener industry on an annual basis to network, discover, learn, and source products and services through a highly efficient B2B relationship-focused atmosphere.
More than 450 exhibitors are eager to connect with attendees from all areas of the fastener supply chain including distributors, manufacturers, importers, engineers, and sales reps. Register with the advance rate today and save before the price increases onsite!
Go to FastenerShows.com today Use FND Discount Code: FND50
The IFE has just introduced IFE Match which is a matchmaking platform and mobile app that will bring attendees and exhibitors a NEW, “smart” way of connecting with their peers, building business opportunities, exploring educational sessions, building your itinerary and more – all from your computer or mobile device before you even step foot on the expo floor! Download the app today at FastenerShows.com.
Shout out to all of the 2022 IFE Exhibitors: Fastener News Desk’s Best Booth Awards are BACK! IFE will be sponsoring the Best Booth Awards 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 booth and creativity in Vegas!
Who will claim the FND’s BEST BOOTH AWARD title belt at the 2022 International Fastener Expo?
In Manufacturing News…
The nation celebrated Manufacturing Day last Friday. The MFG Day movement saw an increase in both in-person and virtual events as the nation get back to business after the pandemic. The pandemic increased the rate at which attrition is taking place in both manufacturing and distribution, as well as colleges seeing a decrease in enrollment numbers, making trade schools a natural fit for the new workforce. The President signed A Manufacturing Day Proclamation and remarked that America is the only Nation in the world that can be defined in a single word: possibilities. American manufacturing makes those possibilities real. Today, on National Manufacturing Day, thousands of manufacturers across the country are opening their doors to give a new generation of students, teachers, and builders a glimpse of the opportunities that a career in modern manufacturing offers.
Read more:
In Fastener Event News…
NFDA – CEO AND EXECUTIVE VIRTUAL ROUNDTABLES is happening on Wednesday, OCT. 12th from 2:00 PM – 3:00 PM Join fellow owners, executives, decision-makers, and team captains for a members-only online event. Take advantage of this space to discuss the hot topics that are important to you and other NFDA members. For more info go to nfda-fastener.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!
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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.
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IN THE NEWS with Fastener News Desk the Week of October 3rd, 2022
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