The Proficiency
The Q2'22 reporting season is reaching a conclusion. Proficiency Index has analysed results to date and separated out the price inflation element from real volume performance. For example, Stora, Grainger, Navigator, IP, UPS, & Veritiv, all reported inflated profits fueled by high price hikes; a total of 80+ companies analysed to date...Updated
Healthy Hygiene
The #Paperless #Officeless #Touchless future is happening bigtime! Now hygiene is the #1 business supply category alongside tech. Progressive business suppliers: brand makers, dealers & MSP's have pivoted to sell customers hygiene, safety, foodservice & packaging, WFH-tech and wellness services.. We analyse Q2'22 reports, inc. this week Veritiv, KP Tissue & Suzano
Normal economic
"How this economic moment rewrites the rules. Jobs aplenty. Sizzling demand. If US headed for recession, it's taking an unusual route, with many markers of a boom" writes NY Times Ben Casselman. We discuss the article as it affects the business supply market...
Depot's deceitful
Beleaguered bigbox ODP Corp (aka-Office Depot-OfficeMax) reported another double-digit organic decline in Q2'22; -22% down on pre Covid 'norm' Q2'19; and down $5Bn since 2017. We analyse ceo Gerry 'Bizarro' Smith's deceptive report; the hollow and vague Varis&Veyer diversions plus his verbose BS commentary and Q&A session attended by the same one analyst again!
If Economy shaky,
Consumers are gloomy, but mostly working; the economy is slowing down to 2019 norms; the Fed wants it to keep slowing; and the recession obsessed Wall Street analysts are convinced the end is nigh. Meanwhile, strong profits are being reported in Q2'22 by Corporate America inc. business supply leaders, with optimistic outlooks for FY'22
Ricoh resurgent
Ricoh, a leading printer brand maker, is planning its future under the 'Resurgent' tag. Given sliding demand in its core printer sales, can it truly transform itself into a digital managed services powerhouse? Higher prices offset its sales volume decline
Global Industrial
Global Indl (ex-Systemax) the newly slimmed down industrial supply reseller, withdrawn from the IT business, continued tits steady progress. Sales grew again in Q2'22 boosted by inflatjion and new contract deliveries constrained by supply chain difficulties
Starbucks steams
Starbucks, the international personalised coffee services giant inc. business delivery, reported good Q3'22 results with a strong US recovery, but China hit by a new Covid lockdown. Returning legendary ceo Howard Schultz described plans to reinvigorate the customer experience.
Conduent crash
Conduent, the much hyped ex-Affiliated Computer Services company, now 5 years split from Xerox, declined further again in Q2'22 The CEO appointed by Chainsaw Carl Icahn is under review but new contract gains may save him. Analysis from 1600ET
BiC writes & lights
BiC the stationery, shaver & lighter maker, reported a strong recovery in Q2'22. Morever, it expects the demand trends to grow even further as its products recover from its 'non essential' status in developed merkets including back to school orders.
Sealed Air: price
Sealed Air Corporation, the $5Bn+ maker of protective packaging for Food & FM products reported inflation powered results in Q2'22. CEO Ted Doheny credited the resilence of its product protection market boosted by double digit price hikes.
Unstoppable Uber
Uber,the hugely popular international taxi & delivery service reported impressive growth in Q2'22 to take gross revenues past $100Bn. Its market capitalisation is now higher than FedEx and recently acquired a freight delivery company
Bunzl buys four
Bunzl plc, the $14Bn international business supplies wholesaler, announced agreements to acquire 4 distributors across the globe inc. Australia, Brazil, Benelux and UK. These acquisitions reached 6 YTD challenging the 'norm 10pa rate' of previous years..
Nectere's Never
Nectere, the UK&I full service, smaller dealer group, has always promoted ambitious expansion, despite fading wholesaler support, looks in trouble. After failing to find buyers, we understand an MBO is in process. But, will owner Paul Musgrove sell before it reaches the graveyard
GeoPac hikes up
Georgia-Pacific, parent company of GP PRO, announced plans to invest again in its Cellulose Alabama River (ARC) mill. Fuff pulp manufactured at ARC are supplied to global markets for use in an array of paper products including absorbent applications and hygiene products. Chief Scott Light was excited about the increased investment in the Alabama community
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