ASA Insights
Nov. 10, 2011

A-D Presents Spirit of Independence Awards to ASA Members
American Supply Association
This week, staff members representing ASA and the ASA Education Foundation traveled back to Las Vegas to attend the 2011 Affiliated Distributors PHCP North American Meeting. "ASA enjoys a strong partnership with Affiliated Distributors, and this meeting is a tremendous opportunity for us to showcase the association's accomplishments and new initiatives to more than 100 wholesalers in just a few days," said Michael Adelizzi, ASA's Executive Vice President. ASA would also like to extend its congratulations to its members who are Affiliated Distributors affiliates and suppliers that received 2011 A-D Spirit of Independence awards this week, including Elkay, First Supply, Milwaukee Valve, Mueller Industries, Murray Supply, NIBCO, Puget Sound Pipe & Supply and Wool Supply. Congratulations to all on the well-deserved recognition.More

Momentum Continues to Build in Northeast Region
American Supply Association
ASA's regional affiliate, the Wholesalers Association of the Northeast, continues to build momentum with two all-industry hospitality receptions this fall. In mid-October, 40 people representing nearly 20 different companies met at Wollaston Golf Club outside of Boston. The next reception, sponsored by Bradford White, is scheduled for Tuesday, Dec. 6 at Overbrook Golf Club outside of Philadelphia in Villanova. All wholesalers, manufacturers and independent manufacturer representatives from throughout the Northeast, especially the Mid-Atlantic, are invited to attend. The reception will be from 5-7 p.m., and hors d'oeuvres and drinks are complimentary; RSVP is requested. Please contact Chris Murin for more information.More

MwDA and CFO's Meet in Chicago Next Week
American Supply Association
The 2011 Midwest Distributors Association Annual Meeting & Dinner will be held this Monday, Nov. 14, at Gibson's Bar & Steakhouse in downtown Chicago. On the program for the event is Paul Kasriel, Senior Vice President & Chief Economist for Northern Trust. Kasriel will share his perspective on how businesses and industries, particularly those involved in manufacturing and construction, might look into the future and navigate barriers to access capital and get it moving through the economy once again. Please click here for more information and to register for next week's event. On Tuesday, Nov. 15, ASA will be conducting a meeting of its CFO Networking Council at the Doubletree Hotel in downtown Chicago. CFOs are invited to join their peers in specific discussions involving the annual budgeting process, financial metrics and in case studies involving fraud and embezzlement. Please click here for last minute registration information.More

House Majority Releases 'Discussion Draft' of Comprehensive Tax Reform
American Supply Association
Recently, the Committee on Ways and Means, led by Chairman Dave Camp (R-MI) released its plan for reforming our nation's tax code. The reforms, if passed into law, would realign our tax code to be more favorable to American businesses and create much needed certainty. It would lead to a shift from a "worldwide" system of taxation — which double taxes American companies when they attempt to compete with foreign companies in overseas markets — to a more competitive, "territorial" tax system that puts our companies on a level playing field with foreign competitors.More

ASA Sponsored Warehouse Training Offered in Texas in December
American Supply Association
Essentials of Profitable Warehouse Operations© an ASA-sponsored training course offered through the Association Education Alliance, will take place in Houston, TX on Dec. 8 and in Dallas, TX on Dec. 14. The course is geared toward warehouse employees, especially those on the supervisor track, and features instructor Jason Bader, managing partner of The Distribution Team, Inc. Bader brings over 20 years of experience in managing small and large distribution facilities, and emphasizes practical experience through all of his teaching. Registration deadline for both events is Friday, Dec. 2. For full program details, please click here. More

Odds Stack Up Against Supercommittee
Politico
After months of posturing by House and Senate leaders in both parties that "failure is not an option" for the deficit supercommittee, that's exactly what the panel faces unless some major concessions are made soon. Negotiators on the panel remain trillions of dollars apart just two weeks from the Nov. 23 deadline imposed by the summer debt-limit agreement, separated by hundreds of billions of dollars in tax revenues and far from a deal on entitlement programs. Now the parties are beginning to rev up their PR machines to deflect blame for a potentially historic failure. More

Manufacturing Growth Slowed Slightly in October
The Associated Press via Bloomberg Businessweek
Manufacturing growth slowed in October from September, a troubling sign that factories are struggling in the weak economy. The Institute for Supply Management says its manufacturing index dropped to 50.8, down from 51.6 in September. Measures of production and exports fell and a gauge of employment dipped. On a positive note, survey respondents say raw materials prices fell sharply.More

Copper Recovers Late as Greece Softens Stance
Reuters
Copper edged up in choppy trade on hopes Greece will abandon plans to hold a referendum over a euro zone debt bailout and after a surprise rate cut from the European Central Bank instilled greater confidence. Copper recovered from earlier losses and pushed into positive territory late alongside a stronger rally in global equities, as risk sentiment improved after the ECB rate cut and upbeat U.S. data suggested there has been a modest improvement in the labor market. More

Beware of Risk at Lower-Tier Suppliers
Supply Management
More than a third of supply chain disruptions are the result of problems with indirect suppliers, research has found. A global survey found 85 percent of companies suffered at least one disruption in their supply chain. The report indicated a growing need for procurement departments to increase focus on subcontractors to main suppliers with 40 percent of all disruptions resulting from issues below immediate vendors. More