In the News: “$15 Living Wage” v Amazon and Costco Strategies
The “$15-hour living wage” movement will continue. It will: buy votes; liquidate jobs; and boost McDonald’s prices more than the new, net wages. Although many voters are weak at system-thinking math, Amazon and Costco are not.
Continue reading 235. Embrace All-Win, High-Hourly Wages (like Costco)
Many distributors assume that they can handle one more warehouse order for free. Aren’t – all warehouse operational-costs fixed in the moment? And, isn’t – keeping people busier good? Alas, no! Let’s look at the cold statistics for a contractor-supply distributor’s monster, Central Distribution Center (CDC).
Continue reading 234. Automate the Picking of Your Losing, Small-Dollar SKUs
Feb 13, 2021: What a Week
Unless you were unplugged, the week of Feb 8th had chaos on many fronts: pandemic, impeachment, short squeezes, money printing, etc. With the distractions of the news and the exponential infoglut at your fingertips and dinging from your smartphone, where should your company be focusing its attention?
Continue reading 233. KEEP CALM AND CARRY ON*
Questions & Steps to WOW Charts!
What do the trends for three percentages of sales – gross margin, op. profit, and net profit -do for: GWW, GPC and FAST?
- Go to macrotrends.net (cool, free tool)
- Search for each of the three companies
- For each, select the first option: “revenue”.
- Once to the “2006-2020 Revenue” page click on: “margins”.
- Then, slide the cursor bar over the trend dots to see how percentages track or don’t!
Continue reading 232. 15-Year, Margin-Trend Insights for: Grainger, Genuine Parts, Fastenal
Two stories from the ’20 –’21 NFL season:
- The startling, performance improvement in the Buffalo Bill’s quarterback, Josh Allen.
- And, why did punts per game per team dropped to an all-time low of 3.7?
What are the backstories, and what do they have to do with distributors?
Continue reading 231. Pro Football Lessons for Distributors
Have you seen teams take the lead with little time left? They then switch to prevent play and try to milk the clock. But, the other team goes up-tempo, takes nothing-to-lose risks and wins. Why not play relentlessly to win and beyond by being a perpetual innovator?
Continue reading 230. Play to Win at Digital-Channel Change. Or, Play Not to Lose?