Members, suppliers, and new leadership come together at AD Bearings & Power Transmission Network Meeting
AD Bearings & Power Transmission welcomed over 140 member and supplier partner attendees to its annual Network Meeting from August 23-25 in Frisco, Texas. The meeting brought the division’s members and suppliers together to discuss industry trends, celebrate a year of growth and collaboration, and learn about important divisional updates.
At the member business meeting, Darin Davenport, vice president of the Bearings & Power Transmission division, highlighted members’ financial successes in 2022 and discussed areas of priority for the division for the end of the year and into 2023.
AD Bearings & Power Transmission is projecting total sales of $6.5 billion in 2022, an increase of over 14 percent from 2021. Member business with participating suppliers is expected to increase by more than 23 percent.
“I’m proud to share this meeting experience with members and suppliers in the AD community,” said Davenport. “Our strong financial results speak to our member’s and supplier partners’ commitment to growth and focus on advancing our mission to help independent distributors compete and win in the channel.”
The AD Bearings & Power Transmission Network Meeting brings groups of non-competing members together to share best practices and collaborate on opportunities and challenges. Divisional Board and committee meetings also take place to ensure that member and supplier voices contribute to AD’s direction.
“There are always new challenges and opportunities facing independent distributors. Our network meetings are attended by some of the finest minds in our industry, and it’s here that we collectively tackle some of the biggest obstacles we face in our day-to-day operations,” said Shelby DeBorde III, vice president at Bearings Distributors, Inc. “The open and honest dialogue creates genuine comradery and a unified focus that is rarely seen in distributor and supplier relationships today.” DeBorde continued, “I consider each AD member and supplier partner a true friend and know that whatever tomorrow brings, together, we win!”