In the realm of HVACR manufacturing, the potential of integrating Artificial Intelligence (AI) could be a competitive advantage. One of the critical components underpinning the effectiveness of AI is structured data. Structured data refers to organized information that is formatted for easy analysis and interpretation by machines. In the context of HVACR manufacturers, … [Read more...] about Structured Data, a Prerequisite for AI HVACR Manufacturers
Market Analysis
Making AI Real Intelligence
AI has been all the rage since ChatGPT was unveiled. Not only is it the talk of every conversation relating to technology, price management, operational improvement, customer service, marketing and more, it has also powered the construction market with the explosion of data centers, advanced chip manufacturing, and, of course, the stock market. But, it’s impact to date is … [Read more...] about Making AI Real Intelligence
Pricing pressures are creating more focus on “sell side” pricing in 2024 for HVACR distributors
It’s time to give your outside sales teams more pricing support and guidance in 2024. The supply chain issues of the past few years made it a unique time to be an HVACR distributor and manufacturer. It was a time where if you could get the product to the customer the price of the product was secondary. Please do not get me wrong, having a fair price was still important, but … [Read more...] about Pricing pressures are creating more focus on “sell side” pricing in 2024 for HVACR distributors
Data Centers, a Sustainability Growth Opportunity
As the world embraces digitalization ... everything from eCommerce to AI and more, the need for data centers appears to be growing logarithmically! It is a significant growth opportunity for many HVACR distributors as these "keepers of data" are huge energy hogs and need to be cooled to operate efficiently. Global spending is expected to grow a minimum of 10% per year … [Read more...] about Data Centers, a Sustainability Growth Opportunity
Opinion – HVACR Distributors are beginning to pivot to find new ways to communicate with their end customers
This week, I had a chance to get out of the home office and visit a Mingledorff's HVACR distribution branch location in the Atlanta area close to my home. I follow them closely on social media and have been observing for the past year plus that they are trying to reach and communicate in new ways with their end customers. The Mingledorff's marketing team is communicating … [Read more...] about Opinion – HVACR Distributors are beginning to pivot to find new ways to communicate with their end customers
Opinion – Quick thoughts from the 2024 NAW Executive Summit
The National Association of Wholesale-Distributors Executive Summit was held this week in Washington D.C. Jan 30- Feb 1. This event has a wide mix of distribution leaders from leading Industrial, MRO, Construction, Food, Packaging, Specialty, and two step distributors. It is one to the few events where you can see Electrical channel leaders sitting next to MRO leaders … [Read more...] about Opinion – Quick thoughts from the 2024 NAW Executive Summit
Can Yesterday’s Pricing Strategies Drive Tomorrow’s Profitability?
Pricing is an important element of a distributor's go-to-market approach. If you're not, at least, competitive, you know what will happen to sales. But if you are too low, getting a reputation for that isn't good, nor does it help your bottom line. The past few years, inflation and product availability enabled HVACR distributors to, hopefully, optimize pricing (and net … [Read more...] about Can Yesterday’s Pricing Strategies Drive Tomorrow’s Profitability?
