INB provides distribution services. We handle customs, logistics, intellectual property, legal, financials, and any other aspect related to our customers' peace of mind. Furthermore, INB procures advanced technologies and medical supplies for the US Federal Government, US Army, Navy, Air-Force, state and local officials, and various US companies.
Good to know
Total Wholesale Distribution revenue ended the year at $5.970 trillion, just slightly below the April 2019 record high. GDP for the year totaled a record-high of $21.734 trillion with a growth rate of 4.0%. The Wholesale Distribution industry is 27.5% of U.S. GDP.
Wholesale Trade of Durable Goods accounts for 48.0% of the industry while Nondurable Goods are 52% of the total (up from 51.6% last year). The two segments of the industry are in very different positions. The Nondurable Goods 12/12 is rising off a tentative November 2019 low. Durable Goods are 0.1% below the year-earlier level (12/12) and the rates-of-change is signaling a further mild decline for the 12MMT as we move into 2020. However, the economic outlook suggests a 12MMT decline for both Durable and Nondurable Goods in 2020, depending on the market segment.
The primary purpose of any channel of distribution is to bridge the gap between the producer of a product and the user of it, whether the parties are located in the same community or in different countries thousands of miles apart.
The channel of distribution is defined as the most efficient and effective manner in which to place a product into the hands of the customer. The channel is composed of different institutions that facilitate the transaction and the physical exchange.
Institutions in channels fall into three categories:
The producer of the product: a craftsman, manufacturer, farmer, or another extractive industry producer
The user of the product: an individual, household, business buyer, institution, or government
A channel performs three important functions. Not all channel members perform the same function. The functions are:
Transactional functions: buying, selling, and risk assumption
Logistical functions: assembly, storage, sorting, and transportation
Facilitating functions: post-purchase service and maintenance, financing, information dissemination, and channel coordination or leadership. These functions are necessary for the effective flow of product and title to the customer and payment back to the producer.