Back to the beginning - Fastenal's vending machines
I realize this is not really new info. Winona nuts and bolts powerhouse Fastenal has been intalling industrial 'vending machines' for the past few years.
"We believe industrial vending is the next logical chapter in the Fastenal story, we also believe it has the potential to be transformative to industrial distribution, and that we have a 'first mover' advantage. We are investing aggressively to maximize this advantage."
The cool thing about this, to me, is that Fastenal's founder Bob Kierlin actually envisioned vending machines as the original concept for the company in 1967.
The technology of that time made that problematic, so he decided to open stores.
And now his first idea is quickly becoming a major piece of the company's business.
I guess Kierlin's legendary frugality keeps him from throwing much away, even old ideas.