MODERN DISTRIBUTION MANAGEMENT: THE DIFFERENCE BETWEEN RECOVERING AND RECOVERY
Modern Distribution Management’s Lindsay Konzak relays a conversation she had with Applied Industrial Technologies CEO David Pugh at the National Association of Wholesaler-Distributors annual meeting this year. Pugh sees a clear difference between recovering and recovery. Are you experiencing either yet?
MDM Excerpt:
I interviewed Applied Industrial Technologies CEO David Pugh at the National Association of Wholesaler-Distributors annual meeting this year. (Part 1 of that interview can be read here.) During our talk, he addressed economic recovery – saying that improvements we have seen so far do not necessarily mean “recovery.”
Pugh said: “I’d like to see it get to at least 5% before I say things are recovering. Recovering and recovery are two different things. We will start recovering, but I think full recovery in my mind is getting back to 2001 levels, not 2006 or 2007.”
He said he expects “recovering” to start to happen – maybe – at the end of 2010. “Noticeable recovering” will start in 2011.