It’s… IN THE NEWS with Fastener News Desk the Week of March 7th, 2022

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

 

 

In Acquisition news….

Birmingham Fastener announced the acquisition of K-T Bolt Manufacturing, Inc. based in Katy, Texas. With over 100 years of combined fastener production, this acquisition strengthens Birmingham Fastener’s product offering and manufacturing diversity. Most importantly, it allows us to add teammates to our world-class staff and will yield long-term benefits for our customers. In doing this, the level of service we can offer to our customers will be increased.

K-T Bolt Manufacturing provides custom fabrication, closed-die forging, in-house heat treating, and electropolishing. With this partnership, Birmingham Fastener and its sister companies can expand product and service offerings to their customers. Randy Peck will stay on as President of K-T Bolt and join the leadership team at Birmingham fastener, offering his expertise in the field.

Brad Tinney, President and CEO of Birmingham Fastener said “The future of our company is now and always will be about growth and productive changes. At the same time, we must hold fast to our core values like world-class service, accountability, and a commitment to excellence that we’ve had since my father founded this company in 1980 “This partnership allows us to further expand our footprint and strengthen our commitment to American fastener manufacturing.”

In Fastener Industry News….

The Fastener Distributor Index (FDI) survey for February, 2022 rebounded over January’s dip, coming in at 56.0 versus the previous reading of 52.7, seasonally adjusted.

The February Fastener Distributor Index (FDI) recovered nicely m/m, rebounding to 56.0, following January’s seasonal-adjustment driven down-tick. The recovery was broadly consistent with recovery seen in the ISM PMI and other macroeconomic data points as pandemic-related disruption eased.

Respondent commentary suggests a continued supply and labor constrained market. The ForwardLooking Indicator (FLI) retreated m/m to 55.6 as incoming order growth slowed for some respondents. Overall, we believe fastener market conditions were strong in February as demand remains robust, although fulfilling demand remains challenging.

In eCommerce News:

You won’t want to miss FND’s recent interview with Fabory’s, Richard Rijsterborgh, Sr. E-commerce Manager about his experience in launching their new ecommerce webshop, B2C buying behaviors that translate to B2B user experiences, getting the data right, fasteners and digital transformation. Find out how this 75-year-old fastener distribution company is setting the benchmark for digital experience.

Read the full interview at Fastener News Desk.

Read more: https://fastenernewsdesk.com/30912/fabory-masters-in-fasteners-and-digital-experience/

 

The past two years have certainly been a digital wake-up call for distributors and manufacturers. B2B buyers’ behaviors have gone full on digital! Digitizing data and product information is key to the beginnings of your business’s digital transformation. Data is the foundation to your company’s digital growth.

Is your product data ready for eCommerce, a great user experience, investors, or marketplaces?

Product Genius Technology services include, consulting, strategizing, data cleaning and preparation. Contact ProductGeniusTechnology.com or call 1-800-fasteners to find out how to get started today.

In Fastener Association News…

The North Coast Fastener Association set the date for their 2022 Distributor Social for May 5th in Cleveland, OH. It’s one of the biggest networking events in the Cleveland area! So, save the date! You don’t want to miss this get together! For more info go to NCFAOnline.com

Happening this Friday, March 11 | 11 a.m. – 12:30 p.m. PT is The Fastener Training Institute’s Fastener Basics Like Never Before Webinar Series | The Basics of Lifting Hardware Webinar

Also coming up from the Fastener Training Institute is Fastener Training Week Cleveland – Accelerated training for the FTI Certified Fastener Specialist™ (CFS) designation. Happening – May 2nd – 6th. Register now through April 17th to take advantage of Early bird pricing. Go to FastenerTraining.org for more info on both events.

Women in the Fastener Industry announced that The Margaret Davis Scholarship application is now open! WIFI honors the memory of Margaret Davis of ISSCO, INC & BTM Manufacturing with a scholarship to Fastener Fair USA in Detroit, MI May 17- 19th. Scholarship awardee will receive travel, accommodations, and entrance to the expo. The recipient will be required to work at the WIFI show booth. Deadline for applications is April 1st, 2022.

Apply now for a scholarship at 👉https://fastenerwomen.com/scholarships

Attention:  Young Fastener Professionals! Do you work at a fastener distribution company, manufacturer or industry provider and want to make a greater impact in the industry? Well, the Young Fastener Professionals organization is looking for young, motivated, self-starters, and team builders to help grow their organization on a national level.

Young Fastener Professionals (YFP) is committed to providing educational and networking opportunities for ambitious young professionals desiring professional growth within the fastener industry. They empower, advocate for, and provide opportunities for education and networking for young fastener professionals.

For more information contact the YFP at nfda-fasteners.org

2022 marks the 40th anniversary of the IFE Fastener Hall of Fame, which recognizes professionals who have made significant and enduring contributions to the industrial fastener industry on a national or global scale. As part of the annual International Fastener Expo, the Hall of Fame inductees are selected from names submitted by people like you. Now is the time to nominate someone you think has made a difference in the fastener industry, through leadership, innovation, or education. Are you ready to nominate a deserving colleague today? Nominate online at FastenerShows.com. Deadline to submit nominations is July 30th.

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, stay safe and Keep it Fastenating.

tags: #fastenernews #CX #fasteners #CustomerExperience #Fasteners #cx #Ecx #ProductGenius #distributors #digitaltransformation 

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