ScanSource's reorganization of sales teams under its One ScanSource strategy contributed to reduced revenue and profit for the fiscal second quarter, CEO Mike Baur says. Separately, the coronavirus outbreak could create "some potential minimal disruptions" to ScanSource's supply chain, Baur says.

Mueller Industries reported a profit of $28.17 million for the fourth quarter on revenue of $543.84 million. Profit increased from a year earlier despite a decline in revenue.

Maintenance, repair and operations supply chains can be managed more easily and cheaply with a comprehensive approach that focuses on solutions, writes Darr Greenhalgh of MSC Industrial Supply. He lists five steps to follow, including looking at upstream and downstream effects and finding partners that provide services as well as products.

Cold chain fleet managers are turning to technology to help track and manage shipments and improve efficiency, with sensors, blockchain and the internet of things each playing a role.

The Federal Aviation Administration is seeking comment on its proposed criteria for evaluating the safety of drones, which would be classified as a "special class" of aircraft. The vehicles "affected by this policy will include those used for package delivery," and the plan is for drones and autonomous airborne taxis eventually to be integrated fully into US airspace, the FAA said.

This infographic from Depositphotos paints a picture of the current state of video marketing, with insights including 96% of people learn about products or services via explainer videos and 80% of marketers report increases in website traffic and leads from using video marketing. The visual also shows statistics relating to video on YouTube, Instagram and Facebook.

Instead of always being the problem solver, consider empowering your employees to resolve their own issues, writes David Finkel. "Everyone on your team has different strengths and weaknesses, and it is important to remember that when using this method," he notes.

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The time has come to address your concerns about shrinking margins by upping your game on pricing decisions. If you keep doing more with less, you'll soon be doing everything with nothing. The issue of margin erosion will never end if you don't get creative -- first with your pricing methods and second with your value proposition. If you want to leverage pricing optimization best practices that are rooted in sound analytics, start by reading "Pricing Optimization."