Fastenal is one of the largest distributors of industrial and construction supplies globally and leads in the fastener category. The company mainly distributes its supplies to customers through a collection of branches or storefronts. Roughly 15% of the revenues from these branches come from walk in customers and the remaining 85% is from distribution agreements the company has in place with customers. Fastenal uses the branch locations almost like last mile distribution hubs for each local market.
Great article again!