Using the Crisis as an Opportunity
With the frustrating scenario at the stock market and with the current crisis really making a huge impact on the wholesale and distribution industry, could there be a way around to make things a bit easier?
Industry experts say that competition should be set aside these days and every one in the supply chain should start cooking up ways to build value-add services for the buyers together. The operative word here is together.
These companies, from the manufacturer, to the wholesalers, to the distributors, and to the retailers, should all work together in making sure that all of them stay afloat no matter what.
In collaborative efforts, the companies will learn how to deal with the increasing crunch and how this constricts the cash flow in their businesses.
There is hope in making value-add service for each other that they can pass along to the buyers, who will get to appreciate it at the end of the chain.
Wholesalers and distributors should work together in keeping their inventory levels at its optimum. Much of the funds or business capital are shackled to the existing inventories.
They should be able to assist each other in keeping things moving along the entire supply chain until the products reach their final destinations at the customer endpoint.
Steps can be taken to provide multiply solutions for the end-user, which cannot be done solely by the retailer. The retailer would need the help and support of the distributors and of course, the manufacturers will have to be the ultimate source of support.
Once the whole system collaborates, the crisis will not be so tragic at all, because there could be new opportunities waiting for everyone in terms of minimal returns or profits and valuable business experience.
The Wholesale and Distribution Market Amidst the Economic Crisis
What to Do to Meet the Expectations of Buyers The Dilemma of Online Retailers
How To Promote Your Home Business Via Blogging
Why Free Shipping Promotions Could Hurt Retailers
Why opportunity is in YOU & not your job
Search YouTube, Amazon and Ebay Within Vizzl
Earning in eCommerce via eBay
Is eBay Still the World’s Best Business Incubator?
Spread The Word!
Stumble
Digg
Technorati
Subscribe
Delicious
In an ideal world, it would be great if people would collaborate more for the common good. Unfortunately though this is rarely the case, people would more readily tread on someone else’s toes just to get ahead.
I couldn’t agree with you more but I can see how that is ever going to happen. Companies are not used to working together and there is still a lot of competition out there. How do you expect those things to change in time?
Especially during the time of a crisis people do not act rationally, I believe it would be great if people would collaborate.
This is an important tool of survival. Collaboration in banking used in Malaysia in 97 crisis and we able to survive the worst scenario. Now, things will get even worse. Merging could be the only choice left for some who want to survive this big wave of economic crisis.
You are absolutely right, the only way to survive right now is by collaborations between businesses, but also between the businesses and its customers. We here at http://www.e-DUDS.com have plenty of member perks and low prices precisely to try and help people through this econmic crisis. We do realise it is a buyer’s market right now and sellers need all the help they can get.
I love this blog, it is one of my favourites.