Cutting costs without sacrificing service
Over the last three years, the typical American family has lost 40% of its net worth. A new report by the Federal Reserve shows that the median household net worth dropped to its lowest point since 1992.
The decline in material value for the American consumer, coupled with high unemployment and a pessimistic outlook on the economy, has many holding off on purchases. This has reduced companies' revenues and prevented growth in many sectors.
As the economy struggles to get back on track, firms are looking to daily operations to find cost-saving measures. A company's supply chain can be a large source of savings if managed properly. Good freight management can shorten delivery times while reducing fuel and labor costs.
Many companies are taking the time to refocus on their core business. Diverting resources to a firm's main product line can help grow sales and improve services if support is improved as well. Working with a reverse logistics specialist could provide the expertise needed to streamline product delivery and order fulfillment.
While many consumers are cutting back on spending, companies can position themselves to grow through innovative transport management solutions.
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File Under: Freight