Insight

What to Expect From Industrial Distribution: Pricing Predictions & Trends 2020

February 10th, 2020 (Updated 03/23/2021)

Garth Hoff
Principal Pricing Solution Engineer at Pricefx

Pricing Predictions and Trends for 2020: Industrial Distribution Industrial Distribution is the movement of goods through a supply chain (purchasing, processing, and selling) – from materials producers to end-product manufacturers.   As with most industries in recent years, it is undergoing unprecedented levels of change, with digital transformation disrupting the status quo at every link.  Pricing Predictions: 1. Increased Costs Will Push Prices Up  It is an extremely uncertain time for industrial companies.  Global economic growth has slowed, and the geopolitical and macroeconomic climates are volatile to say the least. In fact, as of November 2019, only 30% of the G-20 countries (which represent around 74% of the global gross domestic product),...

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