Profit margins are shrinking, and companies are running out of ways to cut costs to make up the difference. There’s little to be done about the costs of raw materials and goods, and production costs have been slashed as much as possible through automation systems. Inventories can’t be cut much more, as most companies are operating with only a few days of inventory on hand. This leaves transportation as the best place for companies to find ways to cut costs, according to at least one vice president of a supply chain, speaking anonymously to Supply Chain Digest.
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