The Proficiency
The Q2'22 reporting season is reaching a conclusion. Proficiency Index has analysed results to date and separated out the price inflation element from real volume performance. For example, Stora, Grainger, Navigator, IP, UPS, & Veritiv, all reported inflated profits fueled by high price hikes; a total of 80+ companies analysed to date...Updated
Healthy Hygiene
The #Paperless #Officeless #Touchless future is happening bigtime! Now hygiene is the #1 business supply category alongside tech. Progressive business suppliers: brand makers, dealers & MSP's have pivoted to sell customers hygiene, safety, foodservice & packaging, WFH-tech and wellness services.. We analyse Q2'22 reports, inc. this week Veritiv, KP Tissue & Suzano
Normal economic
"How this economic moment rewrites the rules. Jobs aplenty. Sizzling demand. If US headed for recession, it's taking an unusual route, with many markers of a boom" writes NY Times Ben Casselman. We discuss the article as it affects the business supply market...
Depot's deceitful
Beleaguered bigbox ODP Corp (aka-Office Depot-OfficeMax) reported another double-digit organic decline in Q2'22; -22% down on pre Covid 'norm' Q2'19; and down $5Bn since 2017. We analyse ceo Gerry 'Bizarro' Smith's deceptive report; the hollow and vague Varis&Veyer diversions plus his verbose BS commentary and Q&A session attended by the same one analyst again!
If Economy shaky,
Consumers are gloomy, but mostly working; the economy is slowing down to 2019 norms; the Fed wants it to keep slowing; and the recession obsessed Wall Street analysts are convinced the end is nigh. Meanwhile, strong profits are being reported in Q2'22 by Corporate America inc. business supply leaders, with optimistic outlooks for FY'22
Cybersecurity
As we continue toward complete connectivity with all devices and networks linked to the web, it's evident that much established technology can no longer keep up. Cybersecurity risks are rising...
Starbux steers
Starbucks chief Howard Schultz is teaming up with more than a dozen companies in a commitment to increase hiring of young, minority workers over the next three years.
Keurig killing
US coffeemaker Keurig Green Mountain has lost 5.5% in market cap in the past week; 47% YTD. Investors, dealers & customers are unhappy with its deceptive screw ups.
Amazon Primes
WalMart is taking on Amazon with a rival 'rollbacks' sale to match the etailer's Prime Day on Wednesday. Will Staples and Office Depot follow?
XPD/OfficePoint
All change at XPD/Office Point recently, with the departure of David Langdown and return of co-founder David Whittaker & Co. Complete.
Disconnected...
Most OP dealer groups today are in disarray, losing dealers & managers. The pace accelerated in 2015 as failure to invest in CRM/emarketing & web design has left members well behind market leaders... Updated
CCL molds FAB
CCL Industries (owner of Avery) leader in specialty label and packaging solutions, has signed an partnership agreement with Korsini from Turkey
Uber $41Bn
Ride-hailing behemoth Uber has been valued at $41 billion, making it one of the most valuable private tech companies in the world.
Wholesalers'
"Wholesalers may die, but the wholesaler role lives forever", so said godfather of OP wholesaling, United's founder Howard Wolf back in the 80's. So true, even if they have struggled in recent years for real growth. Now that's all changing...interviews updated
Willpower your
OP dealers are challenged by new agile, technology powered market entrants e.g. Amazon, Uber. Time to draw on your entrepreneurial spirit and counter attack with your secret weapon....
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not yesterday's news tomorrow."
