The deficit under current law is projected to be larger this year, but smaller over the 2017 – 2026 period, than CBO projected in March. Since January, CBO has reduced its projections of GDP growth and interest rates over the coming decade.
This summer, HARDI distributors reported the strongest consistent growth since the easy comparisons following the Great Recession. The National Bureau of Economic Research tells us that ugly downturn existed from 2008 through the middle of 2009. The beginning and end of recessions are not like turning a lamp on and off. The ability to identify our economic prospects is a gradual process, like when the sun is rising or setting. After the economic sun started to rise in 2009, it was not until the back half of 2010 that a recognizable improvement began to reach HARDI members and turn TRENDS sales growth to positive.
HARDI distributors have mastered the art of change. They have shifted their business model from relationship and local inventory to value-creation and problem solving. They have streamlined and focused their business to match the new economy.
A forecast in this day and age is actually always going to be wrong because the reality is complex. On a global scale, one needs to conduct economic forecasts that will almost never hit the true outcome. This is similar to sales forecasts and logistics forecasts that depend on other factors to come true. They will be off. But that’s OK. Because one who views a forecast only as something that absolutely has to come true does not understand forecasting.
As wholesalers, we work and promote two-step distribution, and our core customer group is composed of professional HVAC and refrigeration contractors that do commercial and industrial work and some residential. We do not sell to end users, and that makes us probably one of the very few true wholesalers in Mexico.
Distribution Center magazine recently interviewed Zeiad Hussein, founder of National Equipment Parts, a new online presence in our marketplace. His view of our industry and the role his company will play in it, provides for an interesting discussion of our future.
The aroma was leadership, and the main course was a cast of experts who shared advice with HARDI members and provided an overview of topics that could help them become more effective leaders at its Strategic Leadership Conference Oct. 2-4 in Newport, Rhode Island. The following is an overview of who presented and what they shared.
Advances in technology and a globalizing economy have brought us more than just an iPhone 7. In recent decades, the labor market has experienced a dramatic shift, and the U.S. has failed to adapt accordingly, leading to an economically devastating skilled worker shortage.
During this past year, I read “The Power of Habit,” a marvelous book by Charles Duhigg. Boiling it down, he says you can create habits to achieve goals, almost regardless of the purpose. Create the habit, adhere to it, and you have a greater chance of achieving your goal. The book resonated with me because it seemed like a simple way to improve and become more efficient without immersing myself in a great deal of complexity.
ASCO has introduced brass valves that comply with Federal Safe Drinking Water Act (SDWA) requirements for lead-free components. The lead-free brass constructions are available on the company’s most popular lines of general service solenoid valves.
New 10-ton XX packaged heat pumps and 3- to 5-ton ZQ 14 SEER air conditioning units have been added to the Coleman Peak rooftop replacement solution from Johnson Controls Inc. The units feature an exact-fit replacement design that matches them to footprints of other manufacturers’ units and reduces installation time, cost, and complexity by eliminating the need for a curb adapter.
COTATI, Calif. — State Water Heaters, a manufacturer of commercial and residential water heaters, was featured in Spike TV’s reality series, “Bar Rescue,” in a California bar’s new hot water system. The episode premiered Oct. 9
Fargo, N.D. — Dakota Supply Group (DSG) recently expanded its partnership with Kohler, a manufacturer of plumbing products. DSG will now offer Kohler items at all of its plumbing locations. Plumbing customers who work with DSG will benefit from this expanded relationship by gaining access to a large array of solutions; DSG will offer more than 30,000 items from Kohler.
CAMBRIDGE, Ontario — The Glen Dimplex Group, a manufacturer of electrical heating headquartered in Ireland, has named Hutch Johnson interim CEO of Dimplex North America. Based in Cambridge, Ontario, Canada, Dimplex North America is a subsidiary of Glen Dimplex and is a manufacturer of electric fireplaces, media consoles, wall-mounts, electric heat, baseboards, and stoves.
CORDELE, Ga. — Custom Air Products & Services Inc. (CAPS) is a custom HVAC manufacturer with 40 years of experience specializing in the design, construction, installation, modification, and servicing of industrial, commercial, and offshore HVAC equipment. CAPS will serve as regional distributor for Marvair and ICE products in Florida, Alabama, Mississippi, Louisiana, and Texas. Marvair brings its volume manufacturing capability to CAPS’ broad distribution and sales network.
Fargo, N.D. — Dakota Supply Group (DSG) has promoted Darrin Walts to plumbing segment manager. He will work closely with DSG’s Chief Segment Officer Mike Tupa and Sales Manager Ryan Tracy. He will work out of DSG’s Sioux Falls, South Dakota, branch.
Langley, B.C. — RedZone™ is a Canadian-made hydronic furnace CSA P.9-11 tested and certified for package combination (space heating and domestic hot water systems). Utilizing condensing tankless water heating technology from Rinnai® and Bosch Thermotechnology Corp., RedZone™ delivers home heat and hot water via a compact package.
ST. LOUIS — Emerson (NYSE: EMR) recently hosted its 10th day-long E360 Forum in Newark, New Jersey, providing more than 100 commercial refrigeration industry stakeholders with a wealth of insights on food retail and foodservice regulatory concerns and emerging trends.
Kennesaw, Ga. — Packard Inc. has announced new partnerships with Regal, adding their extensive list of Marathon and Browning products to the Packard distribution centers (Atlanta and Indianapolis). These partnerships add to a list of Regal brands that Packard currently sells, such as Century, Elco, Fasco, Genteq and Morrill Motors.