We all know that COVID-19 forced many distributors to rapidly increase their online presence to meet growing demands from customers for self-service and online product information. This shift to more digital self-service, paired with an increasing demand for remote interaction with sales reps, is the new norm. According to a recent study by McKinsey and […]
Rock Rockwell
Slashing Carrying Costs: An Untapped Opportunity for Saving Cash
An immediate struggle for many distributors is the sudden slowdown of incoming cash flow due to delays of projects, struggling customers, general economic distress or healthcare-related shutdowns. These U-turns in their business plans have many prioritizing how they can save cash this year. One sustainable solution is to shrink your inventory carrying costs. For many, […]
