Watch it now on FastenerTV at YouTube (8:13)
IN THE NEWS
In a new study by Dimension Market Research the 8 billion dollar Industrial Distribution Market Is Expected to Reach close to 13 billion dollars By 2033, at 5.3% compound annual growth rate (CAGR). Increasing industrial automation during the forecast period and transformation to digital facilities have contributed to a rapid expansion of e-commerce in industrial procurement, so significant growth is expected for the market in the next decade. Read more:
The St. Louis Federal Reserve Producer Price for the Commodity: Bolts, Nuts, Screws, Rivets, and Washers increased in November to 333.601 up from the October reading of 331.682. The acronym is FRED 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 is created and maintained by the Research Department at the Federal Reserve Bank of St. Louis.
The seasonally adjusted Fastener Distributor Index (FDI) dropped to 46.4 in November, marking the lowest FDI reading this year, after a very positive 56.5 reading in October. The FDI is a monthly survey of North American fastener distributors, conducted by the FCH Sourcing Network and Baird. Read full report:
Economic activity in the manufacturing sector contracted in November for the eighth consecutive month and the 24th time in the last 25 months, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. Read more:
Manufacturing PMI® at 48.4%; November 2024 Manufacturing ISM® Report On Business®
National Fastener Distributors Association
The National Fastener Distributors Association is accepting nominations for the Fastener Professional of the Year Award, which honors individuals and companies that make a substantial positive impact on people’s lives. Membership in NFDA is not a requirement to be selected for the Fastener Professional of the Year award. Self-nominations are acceptable, or nominations can be submitted by others. The deadline to nominate someone for the 2025 award is February 7, 2025. Go to NFDA-Fastener.org to nominate today!
FASTENER INDUSTRY VIP’S
- Mid-West Fastener Association 2025 Board of Directors
President: Jill Lewis, Associated Fastening Products
Vice President: Bobby Wegner, Beacon Fasteners and Components
Treasurer: George Hunt, Brighton Best International
Secretary: Matthew Delawder, SWD Inc
- Krista Osborne, of BBI was nominated to serve as Vice President of the North Coast Fastener Association (NCFA) for 2025
- WIFI Joanne Sherman e-Learning Scholarship Recipients: Alicia Schnell – AFC Industries & Tiffany Kirchner – Elite Fasteners
- Young Fastener Professionals Organization Fastener Training Week Scholarship Recipient: Thomas Cochran, Business Development Manager Threaded Fasteners Inc.
- Applied Bolting Technology Celebrating 30th Years of Innovation & Precision.
- Field Fastener has been named the “Best of the Best” in the What Rocks 2024 Choice Awards as the Top Employer!
- Field Fastener Celebrating 34 Years in the Fastener Industry!
FASTENER INDUSTRY EVENTS – 2025
The stories featured in this week’s episode of IN THE NEWS can be found at Fastener News Desk or in our feed @FastenerNews at X.com the twitter rebrand, on LinkedIn in the Fastener News Group and @FastenerNews at Threads!
If you would like to share your company’s news or events contact me, lisa@fastenernewsdesk.com.
Thanks for tuning in to this week’s episode of ‘IN THE NEWS’ with Fastener News Desk.
Until next week, be well and keep it fastenating!
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RELATED CONTENT:
Letter From the Editor-in-Chief: Celebrating 15 Years of Fastener News Desk
IN THE NEWS with Fastener News Desk the Week of December 9, 2024
Fastener Distributor, Fastener Industry, Fastener News, Fastener News Desk, Fastener News Podcast, Fastener TV, Industrial Distribution
