In the past several years, the economy made it very difficult for most companies to put any extra revenue back into their business in the form of technology and other modernization for their logistics or supply chain operations. The economic tide is now beginning to turn. Because of this, to keep their business competitive or […]
Archives for November 2017
Why Businesses Are Slow To Bring Social Media Technology In-House
Personal and professional use of social media is on the rise. Companies of all sizes are jumping on the social media train, utilizing it as an inexpensive way to advertise products and services, interact with customers, and help their business stand out from the competition. As this article is written, Coca-Cola has over 57 million “likes” on Facebook and over 657,000 followers on Twitter. You would have a hard time finding any prominent business or brand without a strong social media presence.
Are You Certain of Your Logistics Expenses?
Because of the regularly increasing costs of logistics, a surprising number of manufacturers are unsure of their company’s logistics costs. A recent survey conducted by BVL found that up to 14% of the survey’s respondents could not guess their logistics costs. With costs being up to 6% of revenue, this is a concerning problem.