There is more than one way to save a company, but with business funding it can at least take much of the risk away. A growing number of owners and directors are looking into innovative ways to raise some desperately-needed cash, but are unwilling, perhaps understandably, to consider getting into further debt with banks and specialist finance houses. The logistics industry is one of those that have been most affected by the recent recession. With key sectors such as retail and construction rapidly shrinking, there have been fewer and fewer opportunities for distribution companies to make a reasonable living. Put simply, lower amounts of goods being transported means less income for those who do the transporting. And with fewer assignments to keep them busy, an increasing number of logistics specialists are reducing their rates in a bid to attract revenue. In an industry that was already working to very tight margins, this has led to some specialists sending out lorry-loads of goods for prices that are barely even breaking even – a sure sign of problems that are only just around the corner. It should be pointed out, of course, that lower prices for haulage can be good news for other Read more »
Tags: business, business funding, finance, industry, innovative ways