| February 7, 2007 | News for the wholesale distribution industry |
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- Possible LIFO repeal has some businesses concerned
A congressional proposal to repeal "last in, first out" or LIFO, a long-standing accounting principle used to measure inventory value for tax purposes, has many U.S. businesses concerned. Some say the repeal could have a damaging impact on companies or industries that rely on inventory management to stay profitable. "The problem is that once the possibility of that kind of new revenue coming into federal coffers has surfaced, our concern is that it will not go away," said National Association of Wholesaler-Distributors Senior Vice President of Government Relations Jade West. Forward
(2/2007)
    
- U.S. unemployment up for first time in three months
January's unemployment rate rose to 4.6%, the first increase in three months according to the U.S. Labor Department. The hike corresponds to U.S. employers adding fewer workers than previously forecast, although industry officials still say the job market looks good. Bloomberg
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- When is it a good idea to move out of the home office?
Timing the jump from a home office to a commercial space should mesh with your desired growth rate, while taking other goals into account. Aim for flexible or shorter lease lengths if you're concerned about whether the space will meet your long-term needs, an expert advises. BusinessWeek
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| Executive Life | | |
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- "Reality travel" emerges as tourism trend
Heading in the opposite direction as most of the tourism industry, "reality travel" takes participants into a war-torn country or the slums of Brazil. A report by Euromonitor International says: "The well-traveled -- in particular, those with a cash-rich, time-poor profile -- are demanding more intense experiences. This has given rise to an increasing demand for 'holidays with an edge,' also known as 'safe danger' tourism." MSNBC/Forbes Traveler
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| NAW Insider | | |
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Rethink salesforce comp plans
What's Your Plan? an eye-opening book from NAW/DREF shows why tinkering with salesforce compensation plans in isolation can create more problems than it solves. The best strategy starts with development of overall company goals and leads to what author Mike Marks calls "alignment" of these goals with compensation.
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NAW and The Hartford
NAW has partnered with The Hartford to offer insurance expertise and comprehensive coverage tailored to the specific needs of wholesaler-distributors. The Hartford also offers expedited claims handling services and a countrywide network of loss control and risk management experts to help wholesaler-distributors protect their businesses and minimize loss costs. More information available here.
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Branch managers: master the 5 fundamentals
What does it take to become a "superstar" manager of a wholesale distribution branch? 5 Fundamentals for the Wholesale Distribution Branch Manager, a book from NAW, advises current and aspiring branch managers on how to succeed and excel through the mastery of five fundamental skills.
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