2/17/2015
HEADLINES
ASSOCIATIONS: NFDA to Collaborate on Fastener Distributor Index
The National Fastener Distributors Association will collaborate with FCH Sourcing Network to continue the monthly Fastener Distributor Index.
Since 2012, the survey of North American fastener distributors had been compiled by BB&T Capital Markets and FCH. BB&T ended participation and FCH turned to the NFDA to continue it.
The FDI allows industry participants to identify trends such as demand, pricing, inventories and outlook. Individual responses are confidential. The information now is analyzed by the Profit Planning Group, which also produces the NFDA Compensation and Profit Reports.
Survey results are now available on the NFDA website to members and nonmembers: nfda-fastener.org.
NFDA president Paul Tiffany said the association “is always seeking to provide value for its members and the industry as a whole.” The index “put together by the distributors themselves, is able to provide real time, accurate, and industry-specific information.”
“FDI has been intended to provide fastener distributors with a snapshot of current industry activity and sentiment, and I think we’ve succeeded,” Eric Dudas of FCH said. He hopes the NFDA collaboration will “make the index a stronger barometer for the industry.”
Nonmember distributors may participate. Distributors will receive an email reminder and a link to the single-page survey about business conditions five days before the end of each month.
To participate in the survey: fdisurvey.com.
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