The eCommerce website Fastenal is one of the, if not, largest distributors of fasteners in North America. It was founded in 1967 by Bob Kierlin, in Minnesota and now has over 2,200 branches all over the US, Mexico, Canada, Puerto Rico, and Europe. It also has 13 distribution centers spread over all these places.
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Fastenal was initially founded to be a fastener company. However, over the years, the company has expanded its business categories to logistics, providing inventory management, inventory management, etc. The fasteners like screws, threaded rods, and nuts by Fastenal are still considered the best in many places worldwide, thus having sites in many countries like China, Germany, Hungary Malaysia, among many others.
How has Fastenal become an industry leader in fasteners?
It is fascinating to see a company that started as a fastener company has managed to expand its business to a whole different level. Today the company deals with all kinds of construction and lighting solutions for homes and commercial spaces. Fastenal has been sponsoring the stock car racing company NASCAR since 2006. For 25 years, Fastenal was the highest performing stock in the Russell 1000 index. Fastenal puts their customers first and committed to serving the communities they are embedded in. The Fastenal employees have the authority to take any kind of flexible approach while serving their customers. The company has a massive production scale that is robustly sourced to provide customers with quality products. They have always put their customers' needs first and continues to do so
Social responsibility campaign by Fastenal
Ever since its inception, Fastenal has been doing extensive philanthropic work in the communities they serve. Along with the community, they have various programs to support their employees. Fastenal has taken a massive step towards sustainability as they introduced various recycling programs with its vendor partners. The supply efficiency ensures there is no over-consumption, redundant purchases, and outdated inventory. The company has also collaborated with construction companies, aerospace, and defense and various other manufacturing companies. There comprehensive product listing includes, but nowhere limited to, electrical supplies, hydraulics, fasteners, machinery, electronics, batteries, etc.
