ASA Insights
June. 16, 2011

LAST CHANCE: ASA OPR Participation Deadline Tomorrow
American Supply Association
If your company has not already participated in the 2011 Operating Performance Report, then the next two days are the last chance to do so as the deadline is extended until this Friday, June 17. Nearly 100 separate wholesaler-distributors from across the country and throughout the different industry segments have contributed their data for an early glimpse at their respective performance. There is simply no source other than ASA's OPR that provides the most complete, accurate and up-to-date comparative financial performance information for and about PHCP and PVF wholesalers. ASA's OPR is designed to serve as a customized, easy-to-understand and actionable tool for you to evaluate your company's operating results, identify profit leaks and measure productivity. Please click here for the survey instrument.More

Blue Angel Pilot John Foley to Keynote NetworkASA 2011
American Supply Association
Every successful organization depends on the performance of its leaders and their teams. Nowhere is this more powerfully demonstrated than in the Blue Angels, the U.S. Navy's elite precision flight demonstration team. This is why John Foley, former lead solo pilot for the Blue Angels, has been chosen to deliver the NetworkASA 2011 keynote address, The How of High Performance™, brought to you by the ASA Education Foundation. Drawing on his experiences with the Blue Angels, Foley will show NetworkASA 2011 attendees how to achieve unprecedented performance excellence — in their professional lives, in their personal lives and in their teams. Click here for a preview of one of Foley's "custom" keynote presentations. For a full lineup of NetworkASA 2011 speakers, a schedule of events and online registration info, click here.More

NIBCO Reaffirms Commitment to ASA's Supplier Partnership Program
American Supply Association
ASA is excited to announce that NIBCO once again has joined ASA's Supplier Partnership Program. With more than 105 years of experience, NIBCO products are used in residential, commercial construction, industrial and irrigation markets worldwide. Products range from valves, ball valves, actuators, plastic and metal fittings, press-to-connect copper fittings, PEX piping systems, industrial plastics, to pipe hangers and support. According to Jim Hilfinger, vice president of sales, "NIBCO has a long history of supporting the ASA, which remains committed to strengthening the alliance between our channel partners." NIBCO joins the program as a Silver Level Supplier Partner. The Supplier Partnership rewards support with year-round visibility and recognition. We thank NIBCO for recommitting to our endeavor and understanding the importance of investing in ASA.More

GOP Summer Agenda Aimed at Job Creation, Deficit Reduction
American Supply Association
Late last week, the House Republican Majority released its plans to address our stagnant economy and record high unemployment by focusing on two critical issues important to our economy's recovery: job creation and deficit reduction. Both issues are vital to the present and future prosperity of our country. That is why the committees in the 112th Congress have devoted the majority of their time toward addressing these challenges. It is our expectation that in the coming months, House Republicans will continue to pursue many of the legislative remedies that they ran on, which are vitally needed to grow our economy and get our nation's fiscal house in order. ASA is pleased to provide you with what we hope is a pathway to achieving results that are friendlier to the business community this summer on the House. To learn more in detail, click here.More

ASA Safety Recognition Awards: Nominate Your Company!
American Supply Association
ASA's Safety Committee currently is seeking nominations for industry safety recognition awards. These awards will help to elevate awareness of the importance of safety in all aspects of the PHCP and PVF industry, and also will recognize ASA members that had the lowest incident rates of non-fatal occupational injuries and illnesses in 2010. Awards will be based on OSHA 300A data, and will be presented in both manufacturer and wholesaler categories. Awards will be presented during NeworkASA2011 at the ASA Annual Meeting & Member Lunch, to be held Sept. 14 at the Bellagio Hotel in Las Vegas. The deadline for nominations is July 15. Award application forms can be accessed by clicking here.More

Copper Eases on Dollar, US Economy Worries
Reuters
Copper eased recently due to a strong dollar and patchy U.S. data that fueled worries the world's top economy could be entering a protracted soft patch with rising inflation. Three-month copper on the London Metal Exchange ended at $9,154 a ton from $9,170 on Tuesday's close. It earlier hit a session peak of $9,234, its highest since June 1. "Copper has been stymied by a slightly stronger dollar," analyst David Wilson of Societe Generale said, adding that any downward drag on the dollar could cushion commodity prices.More

Consumer Prices Rise Slightly
The Associated Press via Manufacturing.Net
Americans paid more for food, cars and clothing in May. But overall consumer prices rose by the smallest amount in six months, slowed by the first drop in energy costs in nearly a year. Consumer Price Index rose 0.2 percent in May, the Labor Department said. That's down from April's 0.4 percent increase. Food costs rose 0.4 percent. But energy costs fell 1 percent. So-called "core" prices, which exclude volatile food and energy, rose 0.3 percent, the most in nearly three years. Consumer prices rose 3.6 percent from April 2010 through May 2011, the biggest one-year gain since October 2008.More

US Hits a Record for Exports in April
The New York Times
The American trade deficit shrank unexpectedly in April after the United States sold $175.6 billion in goods and services overseas, the most exports on record, the government reported June 9. The Commerce Department report said that exports of goods were $126.4 billion and services $49.1 billion, while total imports were $219.2 billion, resulting in a trade deficit of $43.7 billion, the lowest since December. The deficit in March was revised down to $46.8 billion from $48.2 billion, the department said. The gap had been forecast by some economists to widen to $48.8 billion. In recent months, a weaker dollar has made goods from the United States less expensive overseas, while exports also have climbed in price as demand rose in developing countries.More