Cost-cutting measures may be necessary, but should be strategic
Cost-cutting is an important goal for any business, and the supply chain is a key area where cost savings can be achieved. However, cost-cutting measures should not be the sole domain of procurement.
Corporate decision-makers are urgently planning for supply chain overhauls next year
In a recent HSBC Holdings Plc survey, 47% of respondents said that overhauling their supply chain is a priority in 2023 and only 11% said it’s not necessary.
Owner-operators can expect the spot market to soften
After an unreasonably volatile year of recession concerns and inflationary speed bumps, those in the trucking industry are hoping there will be a rebalancing of the market in short order.
Port of Oakland operations reopen as AB5 protestors move to “free speech zones”
The Port of Oakland reopened its marine terminal gates after several days of closure due to independent truck driver protests.
Owner ops should consider factoring to increase cash flow
Factoring is a viable option for owner-operators in order to focus on driving, and less on collecting.