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March 8, 2018

 
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Chairmen to ASA "We need your help to stop this"
American Supply Association
This week, ASA joined with other concerned industries to meet with Ways and Means Committee chairman and Trade Subcommittee Chairman (Kevin Brady and Dave Reichert) on the looming trade war as a result of tariffs on steel and aluminum. The tax-writing leaders are preparing a letter to the president advising him against going forward with this and proposing various solutions, such as real-time exclusions, exempting items that are already traded fairly and more. Like ASA, they pointed to the progress made on tax reform and regulatory relief, which could be undone if we go ahead with tariffs. They need your help. They are leading an effort to write President Trump and need as many signatures on their letter as possible. Continue writing to the White House along with writing your elected representatives and let them know how important this is to your company.
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Focus on Employee Retention to Mitigate Hiring & Training Challenges
ASA Advisor©
Focus on employee retention while keeping your employee costs in check. A tightening labor market will make finding qualified employees difficult and expensive in 2018. Maintaining your existing labor supply will allow you to save on hiring and training costs. However, you should look for creative and less costly methods to improve workplace culture and climate and increase productivity. Log in to MY ASA to access ASA’s latest macroeconomic forecast report for the PHCP-PVF industry.
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Trade War Clouds Gather
ASA Materials Market Digest©
President Trump’s announcement on March 1st that he would impose a 25.0 percent tariff on steel imports sparked predictable reactions from business interests. Domestic steel producers cheered the findings, while many of their customers cried foul as of course did steel importers. Many analysts doubt the tariffs would have the desired effect. One point of view holds that domestic steel companies will use the tariffs to lift their prices by about the same amount, retaining a significant price spread compared with imported steel. A bigger, mounting fear is retaliation by other countries, resulting in an all-out trade war along with conflict with the World Trade Organization (WTO). American farmers might be especially hard hit by retaliatory sanctions against U.S. agricultural exports. Visit MY ASA for the latest and archived installments of ASA’s Materials Market Digest©.
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How Will the New Tax Law Impact Your Business?
American Supply Association
It’s been a few months since the president signed the new tax reform bill into law. For corporations, the early returns appear promising. The markets like the lower corporate tax rate and dozens of public companies have announced investments, wage hikes, and bonuses as a result of the new law. But what about Main Street businesses, like the hundreds of members of ASA? Join us on Thursday, March 22 at 2:00 EST/1:00 CST for an exclusive webinar with S Corporation Association President Brian Reardon. Learn how the new law will impact small businesses and those that file as an S Corp. and get your questions answered on what small business can expect as this law moves into the implementation phase. To register, click here.
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.  PRODUCT SHOWCASE
Many Valves... Once Source

Boshart Industries offers a wide selection of valves for the plumbing, heating, industrial, irrigation and water systems markets. Available in materials such as brass, no lead brass, stainless, PVC and chrome plated. All Boshart Industries valves are marked with size and service ratings for easy identification and installation. Learn more


Answers to Your Questions about Compensation & Benefits
American Supply Association
This week, ASA launched its biennial Executive & Employee Compensation Survey in partnership with Industry Insights, Inc., and nearly two-dozen industrial distribution associations. This is the first time in two years this kind of comprehensive data will be available for the PHCP-PVF wholesale-distribution channel. Data collection is now underway and will continue thru April 13th, and ALL wholesaler members will receive a copy of the final report in exchange for having completed the survey questionnaire - at no fee. LEARN MORE
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NAHB — Worker Shortage "An Epidemic" for Vermont Trades
National Association of Home Builders
Kyle Santor knows firsthand what the labor shortage means to the homebuilding industry: Less work to do, and fewer homes built. Santor, vice president of sales for Floor Coverings International in Williston, Vermont, said he lost out on as much as 3 million dollars’ worth of business in 2017, simply because he didn’t have enough labor to do the job.
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Meet the 2018 Workforce
How to Connect, Communicate, and Coach the Five Generation Workforce
A 2-Part WEBINAR Series sponsored by ASA University

Leaders want and need top talent: engaged, skilled, and connected employees who can anticipate market needs, resolve problems, and deliver results. But how can an organization build capable and effective processes that tap into employee passion and deliver tangible business results? Join is for this two-part webinar on understanding the five generations currently in the workforce, and how to create a business environment to recruit, engage, and retain a top workforce. Participation in both Parts is ideal, but not required. Join us Wednesday, March 21 and Wednesday, April 18.

LEARN MORE

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ASA's West & Northeast Regions Performed Best in January
American Supply Association
ASA’s Monthly Pulse Report provides a regular snapshot of distributor performance for the PHCP-PVF industry. ASA member wholesaler-distributors in the Western U.S. reported a median sales increase of 15.8% for the month ending January 31, 2018, compared to the same month in 2017. Calendar year-to-date, those same respondents reported median sales growth of 15.8%, and the median increase for the trailing twelve months is 7.2%. In the Northeastern U.S., 66.7% of respondents reported an increase in gross margin percentages for the month of January, 2018, versus 2017, and company YTD profit before taxes increased for 82.4% of the total sample. The median percent change in total ending inventory for the month compared to January prior year at 8.9% was also highest among respondents from the Northeast.
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ASA-U ONLINE COURSE OF THE WEEK

ASAU Online Course of the Week
ASA-U is excited to release a new course from HOLDRITE! HOLDRITE: Multi-Purpose Telescoping Supports introduces HOLDRITE Stout System which is suited for lavatory, shower, toilet, water heater and various vertical and horizontal applications. The multi-purpose galvanized steel brackets can be used nearly anywhere and are ideal for applications where strength and alignment are required. Check it out now, and keep an eye out for another course next week!
*Do you want your company’s training featured? Learn how!

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SWPD Unveils Woman of the Year Award
Congratulations to Alice Bihner of Renco Sales Inc. on receiving the first-ever SWPD Woman of the Year Award. Presented at the recently concluded SWPD Awards & Recognition Dinner held in Long Beach, Cal., Alice was recognized for her contributions during her 40+-year career in the industry. With a work history that started with collating pricing books by hand for a local distributor to her current role as Vice President, Operations of Renco Sales Inc., Alice exemplifies the qualities and professionalism of a woman of excellence.

Want to connect with other women in the industry? Learn More

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ASA Insights
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Bianca Gibson, Executive Editor, 469.420.2611   

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