Bay Supply Blog - Rivets, Fasteners, and Tools | Latest Fastener News

If you are familiar with fasteners, then you know pop rivets are among the most popular blind bolts. Pop rivets are easy to install and create a lasting joint that will resist vibration. However, as with all types of rivets, you must choose the right pop rivet for the application and the right pop rivet tooling option to install it.

Bay Supply has launched its innovative new Baysupply.com B2B eCommerce platform as the first B2B vertical marketplace to serve the fastening industry.

E-commerce is no longer a new concept. Consumers have been buying goods online for years, and since the pandemic, online sales have been rising faster than in-store sales. According to the U.S. Department of Commerce, total retail sales saw a 6.9 percent increase in Q4 2020, and e-commerce sales rose 32.1 percent in the same period. Today, e-commerce sales make up about 14 percent of overall retail sales. 

Metal price hikes, primarily caused by tariffs imposed by the Trump administration, have resulted in major headaches for American companies. How prices will be affected in the future remains uncertain.

The tariffs the Trump Administration has imposed in 2018 have been met with plenty of criticism, along with a few approvals. Recent news from Ford has really brought the decisions—specifically, tariffs on steel and aluminum—into sharper focus.

Ford announced that, after attributing $1 billion in lost profits to President Trump’s tariffs, it will institute “massive layoffs”—up to 24,000 jobs, according to one report. The automaker’s woes are not unique to the industry—other manufacturing sectors have also struggled with the effects of the new duties imposed on goods from other nations, including Canada, China, Mexico, and the European Union.