Economic growth is on the horizon. For distributors, that means now is the time to invest in their own business and distribution software.
At the recent National Association of Wholesaler-Distributors executive summit, economist Alan Beaulieu of the Institute for Trend Research told attendees that he’s bullish about 2013, according to an article on the Modern Distribution Management website.
“I want you to be enthused about 2013,” Beaulieu said during the opening session.
The Institute for Trend Research has become a leading resource of economic information for many wholesale distribution associations and companies. Beaulieu’s message is that 2013 is going to be a really good year for wholesale distributors and business in general.
That means this is a good time to invest in wholesale distribution businesses, although it’s not a sign to go on a hiring spree. Instead, distributors should invest in technologies like distribution software, along with efficiencies and training that will make their workforce more productive.
The Institute is forecasting a mild recession in 2014, according to the Modern Distribution Management article. If that holds true, people will need nerves of steel. Everyone got burned by the significant recession of the past few years, so it’s inevitable that some panic will set in and people will feel like it’s happening all over again.
But it’s important to stick to your convictions, because if there is a recession in 2014, it’s expected to be mild and nothing compared to what we just went through.
Source: Modern Distribution Management, Jan. 31, 2013