Live from the FastenerTV Studios It’s ’IN THE NEWS’ week of January 10th, 2022

I’m Lisa Kleinhandler, Editor-in-Chief at Fastener News Desk

Watch now on our YouTube Channel FastenerTV (6:48)


The FCH Sourcing Networks December seasonally adjusted Fastener Distributor Index (FDI) came in at 56.2, moderately decelerated when compared with November, and driven primarily by a lower employment index. The Forward-Looking Indicator (FLI) was essentially unchanged at a very healthy 63.7.

Respondent commentary focused on continued escalation in product and freight costs, which are pressuring margins, as well as supply chain delays. Overall, market conditions were mildly softer in December as tight labor markets and supply chain challenges combined to make it tougher for respondents to meet demand, which continues to remain strong. 44% of the survey respondents indicated they expect higher activity levels over the next six months compared to today, which was up from 36% in November.

Read the full report: https://www.fastenernewsdesk.com/30378/fastener-distributor-index-fdi-december-2021/

Please share the FDI with your fellow North American fastener distributors: www.fastenersclearinghouse.com/fch/main.nsf/fFastenerDistributorIndex


Economic activity in the manufacturing sector grew in December, with the overall economy achieving a 19th consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.  The November #ISMPMI data suggested a “peak” in lead times, and the #Manufacturing Supplier Deliveries Index decreased 7.3 percentage points to 64.9% in December. This indicates better balance between customer demand and #supplychains performance. https://www.fastenernewsdesk.com/30359/manufacturing-pmi-at-58-7-december-2021-manufacturing-ism-report-on-business/


The Hillman Companies, Inc. (HLMN) announced that they received the prestigious Do it Best Corp. 2021 Departmental Vendor of the Year designation for the third year in a row.

Hillman stocks approximately 2,000 products in Do it Best stores. Hillman’s organizational planning, field teams and territorial managers worked day and night to consistently provide top-level customer service and unparalleled fill rates among Do it Best vendors, despite the recent supply chain disruptions making it even more challenging to provide top-level customer service.

Sarah Krey, Do it Best merchandise manager said. “We selected Hillman as one of our top vendors of the year because of their excellent service, high fill rates, transparent communication, and collaborative partnership throughout the pandemic, as well as their ‘above and beyond’ service to our member-owners”


 In Acquisition News…

Industrial Distribution Magazine covered news of 233 M&A deals during 2021. That was a GIANT leap from the 139 they tracked in 2020. Nearly half of 2021’s — 48.7% — were announced during the last four months of the year. These news items include announcements of completed or pending acquisitions impacting distributors relevant to the industrial products space in North America. Check Out ID’s 2021 M&A Recap: https://www.fastenernewsdesk.com/30349/ids-2021-ma-recap-breakneck-december-closes-major-rebound-year/


In Event News…

The Fastener Training Institute announced its first 2022 Fastener Training Week in-person training class. Scheduled February 21-25 at the Industrial Fasteners Institute (IFI) near Cleveland, OH. The advanced technical training program is offered in partnership with Industrial Fastener Institute and is for fastener distributors, manufacturers, and end-users.  Fastener Training Week offers five intensive days of education and plant tours as part of the FTI Certified Fastener Specialist™ (CFS) advanced technical training program. After completing this industry training in a small group environment and passing a final exam, attendees are eligible for the Certified Fastener Specialist™ (CFS) designation. https://www.fastenernewsdesk.com/30368/fastener-training-institute-announces-its-first-2022-fastener-training-week/

For more info and to get registered go to FastenerTraining.org


The stories featured in this week’s episode of IN THE NEWS can be found at FastenerNewsDesk.com & on our twitter feed @FastenerNews.


This week’s episode of in the news was sponsored by Product Genius Technology. Enhance customer experience with the new view for industrial product search. Turn your sales team into product genius’s when selling complex product categories online.

 Distributors and Manufacturers Are Ready For Better Digital Commerce Technology and Customer Experiences. Is your product data ready for a great user experience, investors, marketplaces, or eCommerce?

Product Genius Technology services include data cleaning and preparation. 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 or news, or sponsor an upcoming episode of IN THE NEWS, 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, be safe and Keep it Fastenating.

TAGS:

#fastenernews #fasteners #customerexperience #eCX #distributors #ecommerce #marketplaces #data #productgenius #technology #gridview #privateequity #acquisitions #fastenerdistributor #sourcefasteners #fastenerdistributorindex

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