Like most businesses, starting a wholesale distribution business has its ups and downs. The first two years of your wholesale distributorship’s existence will be the “learning” years, when you experience the ups and downs of being a new business owner in a new industry. The good news is there are plenty of successful wholesale distributers…
Many in the wholesale and distribution industry are seeing change in the future as disruption causes a difference in how business is done. The industry is in a state of change and gone are the days when a customer would call customer service and spend significant time on the phone trying to figure out what part…
With the U.S. economy showing no signs of weakening, trucking companies are pushing retailers and manufacturers to pay more and adding to inflation pressures in supply chains. The latest reports from major trucking companies suggest gains are being driven by tight capacity that is pushing shippers to pay more to move goods, even as volume indicates the…
Keeping your cash flow in check is one of the most important things you can do to keep your new business going. You must always have enough money to pay the bills and keep your supplies coming in. There are some common mistakes that new business owners make which can have a negative impact on their…
E-commerce created by retail giants like Amazon and others has been driving growth in many sectors that support it. Now the huge amount of business being done on line is starting to have an impact on the amount of warehouse space that is needed across the country. Recently, a trend has been developing in the…
We are seeing the rise of the electric car in our roads today. With prices coming down slowly and battery charge time increasing, electric cars are looking a lot more attractive to more people. There are also states like California that are looking to get rid of all electric cars in a few decades. With all…
If you run a business, it’s always good to have accounts receivable. Accounts receivable means people owe you and there’s money in the pipeline. But while it’s better to have people owing you than it being the other way around, accounts receivable amounts to money that you can’t really use. Accounts receivable is future money…
The ongoing shortage of drivers in the trucking industry is beginning to have an impact on the way some companies do business with them. In the past, customers used reliability scorecards to reject some truckers and keep others waiting for hours. Well now, thanks to surging freight demand and a shortage of drivers, the tables have started to turn. Now,…
There are many factors that can affect profits for the trucking industry. Everything from fuel costs to maintenance expenditures can make a huge difference to the bottom line for trucking companies. So, when new tolls are announced it is not taken lightly. Now for truck drivers who use I-90 and combined I-80 in Indiana, a route commonly referred to as…
As time and the economy change, so do people’s behaviors and expectations. What was once acceptable and considered the norm, may no longer be living up to expectations. Nowhere is this more evident than in the food and beverage industry. Today’s consumers aren’t satisfied with a simple meal anymore. Americans now spend more money on dinning out than they…
