• Yes. It is pretty much inescapable right now. -- 59%
  
• Maybe, but if we take precautions, I think we will be fine. -- 30%
  
• No, we have been working to cut costs and improve productivity all year. -- 11%
  

• Yes, we do not foresee gas prices decreasing next year. -- 45%
• No, we are hopeful that gas prices will stabilize in the next year. -- 47%
• Gas prices have not really affected business thus far. -- 8%
  

• Yes, we already have at least one planned. -- 18%
• We don't have any plans yet, but there is still time. -- 22%
• No, we don't foresee any 2009 mergers or acquisitions. -- 60%
  

What do you think were the top three trends in the wholesale distribution industry in 2008? How do you expect those to change in 2009?

• We are going to see a lower level of activity in 2009 compared to 2008.
• There will be a greater need to add value to distribution; the need to justify our existence will be greater than ever before.
• We will need to realize that the credit crunch means a greater reliance on self-generated cash.

What is your opinion right now on the global economy? And what do you think wholesaler-distributors can expect in 2009?
The global economy is softening even as we speak, and we can expect it to get worse in 2009.

How will the economy affect mergers and acquisitions in the wholesale distribution industry in 2009?
In late 2009 and early 2010, we will see increased activity, as more firms likely will be seeking buyers, and cash-rich firms will be on the hunt.