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May 15, 2021 | ||||||||||||||||||||||||
Newsflash
Mfg-Supplier/Associate: Benning Power Electronics, Richardson,Texas; ServiceMax, Pleasanton, California; Signature Financial, Greenville, North Carolina
MHEDA and MHI are proud to announce the date for the 9th Annual Emerging Leaders Conference that will take place on Aug. 11 in Austin, Texas just before the Annual Convention. This event is designed for material handling professionals who want to amplify their knowledge on how to be a stronger, more authentic and purposeful leader for a new world. A special offer is. available to extend your networking and learning goals by attending BOTH the Emerging Leaders Conference AND the Convention.
Convention Focus
Join us Aug. 11-14, 2021 at the JW Marriott Austin Hotel in vibrant and growing downtown Austin, Texas. We are planning a memorable event designed to give you the opportunity to meet in person with your Material Handling business colleagues. We promise to do our best to keep the event energizing, engaging and entertaining.
News You Can Use
By Alan Beaulieu, NAW Senior Economic Advisor, and President of ITR Economics. Data in this article is accurate as of April 2021.
Total Wholesale Distribution ended 2020 on a positive note: $5.824 trillion worth of goods were distributed over the course of the year, down 4.3% from 2019’s lofty $6.088 trillion. The Revenue 12-month moving total (12MMT) rallied late in the year and is rising off an October 2020 low. Year-end 2020 Total Wholesale Trade Distribution Revenue is 27.1% of US GDP, down slightly from 28.0% in 2019. The US Wholesale Trade Employment 12-month moving average (12MMA) in December 2020 was at 5.641 million jobs, the lowest level in just over seven years and down 247,717 jobs from year-end 2019. Employment in the industry initiated a rising trend on a 3MMA basis off a June 2020 low, with 85,233 jobs coming back in the second half of 2020.
Virtual Showcase
Events
May 19: Pandemic Effects on Distributors Webinar
Help to arm distributors with new modes of thinking along with information that can help them build robust strategies with staying power. May 20: Managing in an Uncertain Economy: Monthly Series with ITR Economics
Alex Chausovsky, Senior Business Advisor, ITR Economics, will provide data and analysis on what to expect in 2021.
Member News
Spotlight on MHEDA
Magazine
If you have a question for MHEDA’s Board of Directors, please contact Rebecca Hein at rhein@mheda.org or 847-637-5215. Your question could be featured in The MHEDA Journal.
On the Bright Side
Joshua Nelson landed a full-ride scholarship to Southeast Missouri State University. Now the Missouri native wants to pay it forward by donating his college savings to another high school senior.
Nelson, a senior at St. Charles West High School, was one of only five students selected for the prestigious President's Scholarship at the university. A total of 288 people applied, according to the City of St Charles School District.
This scholarship, valued at $43,000, will cover tuition and boarding for four years as long as Nelson meets the annual renewal criteria, according to the university. And now that it's paid for, the 18-year-old decided to donate the $1,000 he saved for college to another student in need.
"I feel like it's important to be involved in your community and leaving a legacy," he told We Love St. Charles, a local non-profit community outreach organization. Nelson said he started The Joshua Nelson Leaders in Action Scholarship, which aims "to help multicultural students who are showing leadership, community service and just have great qualities in and out of the classroom."
Photo:18-year-old Joshua Nelson standing with Katie Krodinger and Lenell Hahn, shows off the scholarship given to him by Southeast Missouri State University.
Source: CNN
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