12/22/2010 12:46:00 AM
NEWS BRIEFS
Report: Distributors Target Domestic Growth Amid Focus on Asia

Prominent distributors around the world are focusing abroad to grow their business in 2011, with 70% viewing Asia expansion as key to company gains, a Towers Perrin survey found.
 

More than 700 global companies identified Asia Pacific as the region of strongest expansion, Modern Distribution Management reports.
 

This assessment aligns with the International Monetary Fund project that growth in Asia Pacific will outpace the rest of the world.
 

Distributors such as Grainger are leveraging their global networks by acquiring companies in different markets, MDM reports.
 

But domestic markets also scoured high on growth opportunities. Thirty-seven percent of respondents forecast growth next year.  ©2010 GlobalFastenerNews.com

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