ASA Insights
Aug. 03, 2017

Accelerating Growth Trend for Industrial Production
ASA Advisor©
Industrial production entered an accelerating growth trend in May after contracting since late 2015. The mining component of industrial production has underperformed the manufacturing and utilities segments, but higher commodity prices, such as for steel and copper, are helping to support recovery. The North America Rotary Rig Count is rising as firms attempt to take advantage of generally increasing prices for crude oil and natural gas. According to the analysts at ITR Economics, expect mining to rise into next year, along with manufacturing and utilities, and lift industrial production during this time. Log in to MY ASA to access ASA’s latest macroeconomic forecast report for the PHCP-PVF industry.More

Education & Today's Labor Market Out of Sync
Imperial Consulting Corporation
We are witnessing the continued downward spiral of America's education-to-employment system that is so vital to increasing the nation's supply of talent. Wages will rise as employers chase a dwindling supply of skilled workers. The U.S. economy may also contract as employers turn to other countries that have been more successful at creating a better educated, 21st-century workforce. Today, the U.S. labor market is turned upside down by the spread of advanced technology in workplaces, and the current K-12 school system lags far behind the rate of change in the U.S. labor economy. America's education system is so drastically out of sync with the demands of a technology-driven economy as evidenced by our failure to grow a larger knowledge workforce. Major educational reform is needed in career information and preparation programs. More

What We Know and Don't Know About the GOP Tax-Reform Plan
The Hill
Congressional Republicans and the White House are escalating their efforts to overhaul the tax code following the Senate’s failure to pass healthcare legislation. Key players released a statement last week — even before the ObamaCare repeal setback — describing shared tax-reform principles, and Republicans are spending the August recess working to get voters behind their ideas. The joint statement from administration officials, congressional GOP leaders and the chairmen of the tax-writing committees lays out broad goals for tax legislation, but details haven’t been finalized. More

Time to Check Your Pulse
American Supply Association
Each month, ASA partners with Industry Insights and ITR Economics to compile data from wholesaler members that provides a snapshot on industry performance as well as how it relates to the broader economy. The value of this report is directly related to the number of wholesaler firms that contribute data each month - the greater the number of respondents, the more comprehensive and useful is the report and accompanying analysis. The participation deadline for wholesaler members to submit data for the July report is August 10th. Learn more about this FREE and EXCLUSIVE benefit that ASA members frequently use when making key decisions.More

Building Your Bottom Line — NETWORK2017
American Supply Association
Attend NETWORK2017 to hear the latest industry information that ensures your company’s solid foundation for 2017 and beyond. ASA has planned various opportunities for education and networking along with speakers who will share valuable information that attendees can share with their teams. One highlight of NETWORK is the Wholesaler and Vendor Conference Appointments on Thursday afternoon. NETWORK2017 cultivates the value of connecting TOP DECISION- MAKERS from both sides of the marketplace all in one room. Now is the time to register so you can attend NETWORK2017 in Nashville this October 11-13. More

Stay Safety Compliant with Walking-Working Surfaces Updates

Last November, OSHA finalized the Walking-Working Surfaces rule that revised Subpart D in its entirety. Since that time, many employers have struggled to understand the depth and breadth of the changes, as well as the impact on their workplace. Join industry training leaders, JJ Keller & Associates for a free, informative webinar - exclusive to members of ASA on Thursday, August 3 at 1:00PM Central. During this webinar, presenters will answer the most frequently asked questions by hundreds of employers about the new requirements to help ensure compliance and prevent slips, trips, and fall in your workplace. REGISTER NOWMore

New Regulations for California's Proposition 65

The American Supply Association (ASA), in collaboration with Intertek, will be providing a webinar on California Proposition 65 (Prop 65) regulation compliance and its upcoming changes. The webinar will be tailored to meet ASA’s unique membership needs and will answer many of the questions on this complex regulation, which applies to nearly every business selling products into California. It is crucial that distributors, manufacturers, and suppliers attend the webinar to ensure that they understand and comply with this regulation, which can be costly if left unchecked! The webinar is schedule for Friday, August 18 at 10:00AM Central. REGISTER NOWMore

Course of the Week - Team Excellence

Organizations know that every one of their employees is valuable and contributes unique talents and experience to each project or task at hand. Effective collaboration not only helps to increase the quality of results, but also the productivity. Team Excellence is the one-hour training resource that ensures teams achieve these outcomes. Participants fundamentally learn to CARE by discovering techniques for effective Communication, maximizing individual Ability, producing Results, and fostering Esprit de corps. Among these techniques, they learn to create synergy, set goals, cultivate accountability, and coordinate effective team building activities, effectively allowing them to achieve high performance. LEARN MOREMore

MDM — Leaders Are Made
American Supply Association
For current and future leaders, the Master of Distribution Management (MDM) Certification Program is all about empowering you to be the best leader you can be for your company. The MDM provides you with the skills to learn and lead with confidence. The Program is flexible so that you can make it work with whatever your schedule allows.

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Safety Award Nominations Now Being Accepted
American Supply Association
The ASA Safety Committee is accepting nominations for its annual Safety Awards program. Designed to recognize manufacturers and distributors with the best records of safety, the award measures a company’s OSHA Form 300A: Summary of Work-Related Injuries and Illnesses. You work hard to not only comply with the maze of federal and state regulations, but you also to provide a healthy and safe workplace for your employees and customers, and we want you to earn the credit you deserve! Don’t delay, submit your company’s application and get the recognition that you and your team have earned! The deadline is August 25, 2017.More

Read the Latest from Morris Beschloss
American Supply Association
This week's news: Has Disproportionate Consumer Sector Depressed US Economy?

Want to read more from Beschloss? Click here to go to The Beschloss Perspective for a full archive of past articles.More

Training Employees for Motivation, Success and Retention
The Balance
Employee training is a process or an organized activity that is focused on communicating with and teaching an employee information and/or instructions. The purpose of employee training is to improve the employee's performance or to help the employee gain a necessary level of knowledge and skill to productively, effectively and profitably perform his or her job.

Want help developing your own training program? Go to ASA-U Advisory Service today for more information.More