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Industrial Supply, Hardware & Fasteners Product Categories

A fastener is a hardware device that mechanically joins or affixes two or more objects together. In general, fasteners are used to create non-permanent joints; that is, joints that can be removed or dismantled without damaging the joining components.

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    Industrial Supply, Hardware & Fasteners Product Categories Suppliers


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    Sample Supplier
    Company
    WW Grainger
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    3
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    44

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    54
    Social
    37
    Governance
    51
    6 Domains Performance (/100)
    Business behaviour
    42
    Human rights
    49
    Community Environment
    55
    Corporate governance
    56
    Human resources
    27
    Security Scorecard
    85

    Threat indicators
    B
    89
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    69
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    83
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    grainger.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    1
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    1
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    1
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    1
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    55
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Industrial Supply, Hardware & Fasteners Product Categories market report transcript


    Market outlook on Industrial Supply, Hardware & Fasteners Product Categories

    The global MRO market for industrial supply, fasteners & hardware was valued to be worth $242 billion in 2016 and is expected to grow at a CAGR of 1.5 percent until 2020. This segment of the MRO industry is extremely fragmented and is competitively catering to a variety of industries with vast end-user segments and suppliers. Industrial supply, fasteners & hardware form approximately 35–45 percent of the overall MRO segment, in terms of revenue

    analysis-industrial-supply-hardware-and-fasteners-product-categories

    Opportunities

    North America

    • Favorable supply and buyer landscape for implementing large MRO contracts, whereby helping buyer to achieve consolidation across categories

    Latin America        

    • Owing to geographical proximity to North America, MRO contracts can be extended to Latin America in the long run
    • Global players have a presence in major countries, such as Brazil and Argentina

    Europe

    • Suitable environment for implementing sub-regional MRO contracts across various geographies of Europe, thereby leading to supply base consolidation

    APAC

    • Bundling of categories across certain countries having high to medium level of supply base maturity can lead to some level of supplier consolidation

    Middle East and Africa

    • Owing to the relatively smaller market size (thus, buying volume), engaging with local suppliers in African regions will be financially beneficial for the buyer

    Challenges

    North America

    • Implementing integrator model has its initial risk/challenges. The engagement model must be well planned and should be in a phased manner

    Latin America 

    • Certain countries in Latin America have low supply maturity (Peru, Colombia, Venezuela, etc.) and even global MRO providers might not have presence in these regions. In such cases, a truly regional contract is not possible

    Europe

    • Fragmented levels of market maturity in Europe make it difficult to implement a single large contract across Europe. Integrator model cannot be entirely ruled out either

    APAC

    • Fragmented levels of market maturity make supply base consolidation difficult to attain
    • Low levels of technology adoption in these areas translate to less efficient processes in terms of services and KPIs

    Middle East and Africa

    • Lack of presence of global suppliers will lead to service quality inconsistency
    • Low level of technology penetration in Africa will result in decreased service quality

    Past Trends and Future Outlook: Developed Regions 

    North America

    Current Trends

    • Around 56 percent of the total MRO sales in the US is contributed by industrial supplies, and 30 percent by clean room and lab supplies
    • Smaller distributors are under pressure to differentiate themselves and stay competitive, these players have consolidated together and formed an association like IDG to offer their service to the customers

    Future Outlook

    • Large number of M&A's is expected, which will increase market share of big suppliers, like Grainger (currently less than 5 percent), hence increasing the market prices
    • Existing suppliers are focusing on customers, by offering services, such as e-commerce, inventory management, and vending machines
    • Only 10 percent of the total MRO market in the US is serviced by integrators currently, which is expected to grow by 10–15 percent for the next three years

    Europe 

    Current Trends

    • Considerable increase in MRO demand has been obtained from end-user segments, such as pharmaceutical, machine building, metal works, automotive, and heavy manufacturing industries
    • E-Procurement adoption in the European region has been as low, ranging between 5 percent and 10 percent. The Nordic region in the European market has made maximum progress in adopting E-Procurement, due to better usage of working capital and cost savings, due to improved carbon footprint

    Future Outlook

    • The MRO market is expected to grow at a slow pace of 2–3 percent per year across Europe, due to the volatile economic condition
    • Many companies are investing in the e-commerce channels and adopting the best practices from the US, which enables in seamless integration
    • Multinational European suppliers are expected to increase their footprint in, dominated by regional suppliers

    MRO Segment Focus: Industrial Safety and Tools

    Segment Overview

    • The industry is fragmented and well established, with Asia as one of the fast growing markets for industrial MRO in countries, such as China, Japan, and India
    • The automotive, manufacturing, and contractor customers provide a customer base with large-sized business to MRO integrators and distributors, and hence are the focus of the top MRO distributors, such as W.W Grainger

    Category Trends

    • The rate of increase in product portfolio of industrial distributors are high, especially by large distributors
    • Safety and green are some areas introduced by distributors, such as Grainger, HD supply, and MSC Industrial supply, in order to meet customer needs
    • Leading distributors are focusing on catering to a variety of industry segments by distributing more industry relevant tools, safety, and material handling equipment to their customers, with importance on reduction of cost
    • M&A among industrial distributors has ramped up in 2012, a post recession recovery, and is expected to continue until 2014
    • E-commerce is gaining popularity among smaller industrial distributors, while larger players, such as Grainger, are already having large sales figures from e-commerce
    • The use of automated machines to stock high volume industrial and safety products have been introduced into the industrial MRO market

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