Other users of our products include farmers, truckers, railroads, oil exploration, production and refining companies, mining companies, federal, state and Fastener Supplier near Cleveland OH. Fastenal closed April with a total workforce of 24,155 people, 0.1% less than in March and 1.8% more than in comparison with the previous year. The full-time sales workforce of 21,271 people decreased by 0.3% compared to March, but increased by 1.1% year-on-year. Fortunately for Fastenal, selling fasteners is a difficult business because it's difficult (expensive and time-consuming) for customers change their relationships with Fastener Supplier near Cleveland OH. Fastenal's Asian trading company, Fastenal Asian Sourcing and Trading Co, is a wholly foreign-owned company located in Shanghai, China, where it manages procurement, supply and import activities.
Fastenal mentioned that, while they are constantly adding new national accounts (large customers), 44 of their top 100 customers are reducing their spending on Fastenal products, many of them because they are seeing a significant decrease in revenues in their respective businesses and, therefore, it is necessary to reduce the spending belt. Fastenal first sold mainly fastening elements, such as screws, threaded rods and nuts, which are used in construction and manufacturing. Therefore, having a Fastenal vending machine at the customer's premises (together with experienced Fastenal employees who are responsible for servicing and replenishing products), FAST creates a solid line of business.
