Blogs

In times of uncertainty, fact-driven, long-term planning is imperative for business owners. Understanding what experts are forecasting about the 2022 fresh produce growing season could increase profits for those in agribusiness. Every economic sector has felt the sting of the ongoing supply chain crisis, and has been forced to adapt accordingly. However, American produce farmers have incredibly narrow windows to work with, and often can't just wait for the materials they need to eventually arrive. Furthermore, the perishable nature of their goods drives a need for empty shipping containers...
With supply chain issues expected to persist through the coming year, winemakers worldwide should get a head start on glass, label, and cork orders for this and next year's harvests. Many wine producers have shifted from just-in-time to just-in-case model in order to combat the glass shortage. After the stressors of recent days, many Americans are looking to kick back at the end of the day with a glass of something big, bold, and red to calm their nerves. However, bad news: the supply chain crisis has affected every industry—and wine is no exception. Thanks to the rippling shortage effects of...
When operating a successful business, understanding what impacts cash flow within your organization is key. Below are several areas to help monitor your cash flow, and provide guidance on how to fix issues over time. By considering the following, you will be able to respond to changes in a timely manner and properly plan for future expenses. Working Capital McKinsey & Company shares 1 that having some basics in place around working capital can release an unexpected amount of cash. “That’s everything from the discipline around how you pay your suppliers’ invoices on time—not too early, not too...
When it comes to supply chain sourcing, the goal is to move products as quickly and efficiently as possible. Reevaluating current supply chain trends creates a domino effect for business owners. They'll need to adjust cash flow, cash reserves, and their overall balance sheet to accommodate increased fees Jump To... The eCommerce Boom | The Great Resignation | The Trucking Industry | Supply Chain Risk Categories | Supply Chain Mapping | Risk Rating System | Capacity Buffers & Safety Stock | Supplier Diversification | China+1 | Focus Local | Automation Advancements | Continuous Flow...
Unfortunately, it’s no longer a matter of “if,” but rather “when” payments fraud will impact your business. As you look at your payment strategy, does it minimize your risk to fraud? Like many businesses, your strategy may be highly focused on check payments, the most compromised payment type. Sixty-six percent of businesses said their companies experienced check fraud as part of the 2021 Association of Financial Professionals Payments Fraud and Control Report. While other payment methods have been targets, the risk significantly decreases with others; a breakdown is below. Tools and Best...