HNN Flash #76 podcast: Top stories in 2021
HBT Virtual Conference and Bunnings' Beaumont Tiles acquisition
The biggest story during 2021, from HNN's perspective, is centred on the power tool industry, and specifically, power tools for trades
Fri Dec 17 2021
We look back at the coverage of the HBT Virtual Conference at the beginning of this year and the significance of Bunnings' acquisition of Beaumont Tiles.
But the biggest story for the hardware retail industry is about power tools:
...Behind that, there have been three changes in the market for pro tools. One is just that where five or six years ago tradies/pros were very sensitive to the issue of only using one battery platform, today most tradies take it granted that they will be running at least two battery platforms, and sometimes three...
The second factor is that as demand for construction has increased, tradies are more than ever focused on trying to get as much productivity out of their day as possible...
The third change is just that power tools are benefitting from "spillover" innovations in two separate areas...
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