Last year’s inaugural Industrial Distribution Big 50 event kicked off with a keynote address by Lawson Products’ President and CEO Mike DeCata, who provided an informative speech about delivering value as the industry continues to implement new technologies like robotics and automation. “What is value,” DeCata asked. “This isn’t to say that robotics,
commoditization, and disintermediation were failed concepts. It is to say
that what we envisioned so clearly at the emergence of these trends and new
technologies turned out very differently.”
The Big 50 round table discussion included Dave McCurdy, vice president of operations and COO of
Kimball Midwest, Timothy Moran, CFO and general counsel for DGI Supply, and Ron Knutson,
executive vice president and CFO of Lawson Products,
who all touched on a variety of industry topics including
current market observations and concerns, tariffs, the
Amazon effect, talent acquisition and retention, sales
management, and vendor-managed inventory.
Discussing the supply chain, McCurdy referenced the
trucker shortage, commenting, “Without a doubt, the
shortage is getting bigger and bigger. We’re starting to see
degradation. It is on the horizon.”
During the exchange, Moran shared other market
observations, specifically mentioning e-commerce trends,
acquisition and merger trends, and how distributors are
being impacted by and reacting to tariffs.
“Recently, we’re seeing more
partnerships,” explained Moran.
“DGI Supply has entered a few of
these partnerships, which allow us to supply certain products to customers that we don’t
typically stock by letting us get them from other distributors and without forcing us to
stock non-core items. We think this trend will continue.”
Industrial Distribution is already hard at work planning the next Big 50 event to be held
Sept. 16-17, 2019 in Chicago. This year’s event will again be co-located with NAW’s
Large Company CEO Roundtable event Sept. 17-18, 2019, so mark your calendars now.
Applications for ID’s 2019 Big 50 list will be available online starting March 15, 2019.
By ID editorial staff
From Left to Right, ID Editorial Content Director Jon Minnick;
ID Vice President of Content and Events Joyceann Garippa;
Vice President of Operations and COO of Kimball Midwest
Dave McCurdy; Executive Vice President and CFO of Lawson
Products Ron Knutson; and General Counsel and CFO for
DGI Supply Timothy Moran. (ID Photo)
President and CEO of Lawson
Products Mike DeCata (ID Photo)
Check out www.inddist.com/topics/big-50
for more information on ID’s Big 50
or scan the QR code.