In Fastener News…
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The July seasonally adjusted Fastener Distributor Index (FDI) decreased noticeably vs. last month to 46.1, reading below 50 for the first time since May 2020 – indicating softening market conditions. Demand commentary was mixed, with some noting continued strength despite rising macro uncertainty, while others indicated weakness was starting to materialize. Pricing remained stable at elevated levels. Looking forward, the Forward-Looking Indicator (FLI) remained solid at 58.1, implying this month’s contraction could be short lived; a bounce back in August is seemingly anticipated by most respondents. Net, we believe some cracks in overall market conditions began to emerge more concretely in July for the first time in over two years.
The International Fastener Expo announced that the first time in the history of the expo they have added a Keynote Speaker. Dirk Beveridge will keynote IFE 2022. Dirk is a visionary entrepreneur and the founder of UnleashWD. With his one-of-a-kind perspective on the future of wholesale distribution, Dirk has been leading major change for over 35 years to advance growth, relevance, and transformation.
In 2021 Dirk produced the We Supply America tour including an eight-film docuseries highlighting and championing the noble calling of distribution. 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 FastenerShows.com use the FND discount code: FND50
In Manufacturing News…
? The countdown to Manufacturing Day! Lee than sixty days MFG Day 2022 kicks 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 resource guide, toolkit and all you need to get started planning your Manufacturing Day event at https://creatorswanted.org/. Use #MFGday22 to share your event!
It’s time to get registered for the 41st edition of the International Fastener Expo, which will take place in Las Vegas, NV 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: Fastener News Desk will be on the expo floor looking for the winners of the 2022 BEST BOOTH AWARDS. This year the overall BEST BOOTH AWARD WINNER will claim the 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! TO GET REGISTERED USE FND’s Discount Code: FND50 and SAVE 50% off registration.
In Fastener Event News …
Stop by and meet other people in the fastener industry and expand your professional network at the Pac-West After Hours Langley, BC on Thursday, August 18, 2022. Pac-West will host one beverage per person along with complimentary appetizers! Go to pac-west.org for more info.
The Midwest Fastener Association’s FSTNR WEEK is happening this month! August 21-26th. FSTNR Week includes a Fastener Show, Training, Networking, and Recreation. The MWFA has planned great events for FSTNR Week so be sure your company is not left out! ? Registration and more info: http://MWFA.net
Are you ready to earn a Certified Fastener Specialist™ (CFS) designation at the end of a 5-day immersive education experience? Well then you’ll want to register for The Fastener Training Institute’s Fastener Training Week, happening August 22-26 in Chicago. 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, hosted by the Mid-West Fastener Association, offers five intensive days of education and plant tours as part of the FTI Certified Fastener Specialist™ (CFS) advanced technical training program. Attendees will be eligible for the Certified Fastener Specialist™ (CFS) designation. TODAY IS THE LAST DAY FOR Early Bird Registration! Save $500 now. Go to FastenerTraining.org
Coming up next month is the….
Pac-West Fastener Association 2022 Fall Conference. September 14th-17th in Denver, CO. Registration is now open go to pac-west.org
REGISTRATION IS NOW OPEN FOR Fastener Training Institute’s “How Fasteners are Made and What Drives the Cost of a Fastener” CLASS at the International fastener Expo. For Registration and more info go to: https://fastenershows.com/fti-class/
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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: email@example.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.