Wholesale Distribution

Outlook for Wholesale Distribution in 2024

According to a recent MDM report the outlook for Wholesale Distribution revenue growth rate continues to project upward year over year. 40% of distributors, manufacturers, and service providers expect sales to rise up to 10% by the end of this year. When asked about their overall outlook for 2024, a top priority in this survey was to streamline and automate processes this year.

Based on the latest disruption and market dynamics, wholesale distributors will continue to be reshaped by these major areas this year:

• Revamp traditional inside/outside sales to an enhanced hybrid sales approach.

• Solve operational challenges such as transportation costs, and product and material shortages.

• Invest in productivity, boost innovation, and control costs.

• Turn to resilience, agility, contingency planning, and diversification to stay ahead of competitors.

• Find solutions to increase customer service levels as they demand more operation visibility.

• Focus on adding to their workforce expertise, knowledge, and education for new capabilities.

• Put money into data-driven eCommerce capabilities and digital marketing to stay ahead of competitors.

• Continue to expand international endeavors and extend sales programs.

Additional Resources:
• How to Choose the Right ERP for Your Business
• What is NetSuite
• NetSuite for Wholesale Distributors Datasheet

Adapt Quickly to Change and Build Resilience

Flexibility remains a highlighted goal for wholesalers as they face increased competition from suppliers, customers, and marketplaces leveraging technology. This trend is forcing businesses to innovate to predict customer expectations, align processes, have a real-time view of the business to make better planning decisions. Restrictions, geographic dependency, and slowdowns have forced wholesale distributors to respond quickly to risks and balance demand. Anticipating future disruptions has shifted distributors to focus on forward and reverse logistics. Transparency of the supply chain is key to meeting demand, managing working capital, and estimating available inventory quickly.

Learn how wholesale distributors can reduce costs, enhance productivity, automate processes, and gain better visibility with NetSuite: 

*Source: NetSuite

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NetSuite Solutions

NetSuite Experts Here For You

Protelo is an experienced NetSuite partner that provides wholesale distributors with a single source of expertise to implement, customize, integrate, and refine business processes. We bring decades of business-process expertise and deep product knowledge to companies interested in exploring the power of the NetSuite application. Our focused approach enables our consultants to render technical expertise with ease, precision and cost-efficiency.

The Protelo team of technology experts have assisted hundreds of small, midmarket and enterprise companies across diverse industries and verticals in achieving their business goals.

Through tailored business software development, implementation, services and management, we have helped our clients streamline business processes and the flow of critical information. From the planning stages to managed services, Protelo is an end-to-end provider of business software expertise.