ASA Insights
Aug. 1, 2013

Tax Reform Alert
American Supply Association
Right now, U.S. Congress is beginning work to totally rewrite the U.S. Tax Code. Key congressional leaders are telling us that everything is on the table for serious consideration. This includes tax rates that corporations pay to what "S" Corps pay and what deductions, if any, will be allowed. Hear ASA's Executive Vice President Michael Adelizzi talk more on this issue and what you need to do ACT NOW to protect your business. More

Going 'Back to the Future' in One Hour Aug. 7
American Supply Association
For 31 years, ASA's annual Operating Performance Report has served as the PHCP-PVF industry's basis for benchmarking individual company performance against typical and high-profit performers among selected industry segments and demographics. A free, one-hour webinar with Tom Noon, principal at Industry Insights, is scheduled for Wednesday, Aug. 7, at 1:30 p.m. Eastern.More

ASA Safety Award Nomination Deadline Extended
American Supply Association
The nomination deadline for ASA's 2012 Member Safety Recognition Awards, to be presented during NetworkASA 2013 in Washington, D.C., has been extended by a month. Nominations will be accepted through Monday, Sept. 2. Six awards will be presented — three in the distributor category and three in the manufacturer category — and all are based on number of safe hours worked in 2012. The award program was created by the ASA Safety Committee to elevate awareness in all aspects of the PHCP and PVF industry and to recognize ASA members who had the lowest incident rate of nonfatal injuries and illnesses throughout the previous year. Download an award application and contact Dan Hilton, Director of Government Affairs, for more details.More

Preview 2014 Industry Forecast on Aug. 14
American Supply Association
On Wednesday, Aug. 14, at 2 p.m. Eastern, an ASA members-only industry forecast webinar will be presented by Alan Beaulieu, author of ASA's monthly ASA Advisor forecasting newsletter and presenter of the annual Industry Forecast presentation at NetworkASA. The webinar is the second in a series of forecasting webinars that ASA is offering in 2013. See what is in store for the remainder of the year and a preview of Alan's 2014 Industry Forecast, which will be presented at NetworkASA 2013. There will be ample opportunity for Q&A and for learning how each company can incorporate rate-of-change into their planning process. Contact Ladelia Berger at 630-467-0000, ext. 208, for a webinar registration link.More

Tax Fight Gains Momentum, President Lays Groundwork for Debt Talks
American Supply Association
This week, as members of the House and Senate wrap up their summer session before heading home for August, the issue of taxes, the economy and spending are the talk of not just Washington, but the entire country.More

ASA Weighs in on Copper Theft Epidemic
American Supply Association
Copper is such a hot commodity that thieves are going after the metal anywhere they can find it: an electrical power station in Wichita, Kan., or half a dozen middle-class homes in Morris Township, N.J. Even on a Utah highway construction site, crooks managed to abscond with 6 miles of copper wire.More

Beschloss: US Oil Refiners Greatly Accelerate Capacity Usage On-Site
The Beschloss Perspective
It was only five years ago that serious project planning was underway to increase the already 144 world-leading U.S.-based oil refineries, despite their growing multibillion-dollar cost and the years needed for completion. This happened at a time when the spread between overseas Brent Crude and U.S. West Texas Intermediate was narrow and refinery profit margins were sparse. Additionally, because "fracking" was as yet not a factor, U.S. refineries were heavily dependent on crude oil imports from Saudi Arabia, Venezuela, Nigeria, and the embryonic shipments from Canada's tar sands.More

Looking Ahead to the Second Half of 2013
Industrial Distribution
At the beginning of this year, numerous manufacturing and distribution executives predicted that business would be flat or slightly up in the first half of this year and then would pick up more in the second half. That hasn't happened — or at least the signs of increased business haven't shown up yet.More

Durable Goods New Orders Up 4.2% in June
Modern Distribution Management
New orders for manufactured durable goods in June increased 4.2% to $244.5 billion, the U.S. Census Bureau announced. This increase, up four of the last five months, followed a 5.2% May increase and was at the highest level since the series was first published on a NAICS basis in 1992. Excluding transportation, new orders increased slightly.More

'Harvesting Connections' Event to Take Place Sept. 11-13
Western Suppliers Association
Please join WSA in the beautiful Napa Valley for our 55th Annual Meeting. Our meeting is being held at the Meritage Resort & Spa on Sept. 11-13. Please visit WSA's website and click Calendar of Events for a registration and sponsorship form. We look forward to another successful meeting!More

Economy Poised for a Stronger Second Half of 2013
Today's Facility Manager
Improvement in both consumer confidence and the labor market are expected to boost economic growth in the second half of the year, according to Fannie Mae’s Economic & Strategic Research Group. The latest jobs report showed steady year-to-date job creation and measures of consumer confidence are at or near recovery highs.More

China's Manufacturing Advantage Over the US Disappearing
Manufacturers' Monthly
China's labor costs per unit are tipped to overtake the United States in 2015 and Australia's productivity decline in manufacturing is even more pronounced, according to research by Hong Kong-based investment group CLSA.More