The COVID-19 pandemic has impacted nearly every industry in some way, including manufacturing. At the beginning of the pandemic, the industry all but shut down, except for manufacturers that were creating crucial products. Even in March, over 35% of manufacturers were experiencing supply chain disruptions, and that number has continued to grow over the last […]
Is Inland Marine Insurance a Catch-All for Construction?
Inland marine insurance is not a catch-all. Rather, it’s a way to cover materials and equipment for contractors. If you’re a contractor hired for a job, it is your responsibility to keep everything from your building materials to any special equipment safe and secure. It is different from builders risk insurance in that the coverage […]
Pay Hike for Truckers Amid Pandemic Shortage
This year has been quite a roller coaster ride for the transportation industry. From entire industries ground to a halt for months on end, leaving logistics companies scrambling to fill routes and rates in limbo, to owner-operators and smaller carriers facing bankruptcy despite federal aid. The pandemic has been challenging for transport companies, to say […]
Fix It or Flip It? When is it Time to Replace That Truck
Knowing when to repair or replace an aging vehicle is imperative for any trucking business. There is always the right time to get rid of a truck and start looking for a new one! If you hold onto a truck for too long, it is going to end up costing your business much more money. […]
Is Supply Chain Financing Part of Your Growth Plan?
Businesses often look internally at funding their operation. For example, they consider the likes of equipment loans, factoring invoices, and even floor plan financing. However, it could be that supply chain financing is the solution you really need. Supply chain financing can help streamline the supply chain of inventory and raw materials, creating better cash […]