Shale slowdown causes United Rentals to pull back | Amazon to fight loss of defense contract to Microsoft | Fastenal adds warehouse, assembly space to Iowa facility
Declining growth in shale drilling for oil and natural gas is in turn hurting suppliers, with United Rentals' third-quarter drillers and producers revenue down two-thirds from five years ago in terms of overall revenue percentage. "We just won't chase business there because the highs feel great and the lows feel worse," said executive Ted Grace.
Amazon will challenge the US Defense Department's decision to award a $10 billion cloud computing contract to Microsoft. The evaluation process "contained clear deficiencies, errors and unmistakable bias," Amazon says.
Distributors and suppliers benefit from fair agreements with clear terms, helping everyone avoid unnecessary conflicts while focusing on sales and margins, writes Glen Balzer. While balanced distribution contracts may not prolong relationships between distributors and suppliers, "one-sided language often hastens the end of a relationship," Balzer writes.
The number of freight shipments has been declining for 11 consecutive months, with October's numbers 3.9% less than the month prior and down 5.9% year-over-year, according to the Cass Freight Index Report. Report author Donald Broughton of Broughton Capital says this continued decrease signals "an economic contraction," and he notes the trend is apparent in almost all types of transportation in the US and abroad.
[WEBINAR] Prepping for 2020 Register for the webinar on Thursday, December 5th at 2 PM EST. Experts from Netsuite and Deloitte will discuss 2020 trends and technologies that will drive business, how to respond to a growing demand for price transparency, why now is the time to invest in updating back-office systems and more.
Business-to-business marketers should incorporate personalization into email campaigns to boost open rates, including customizing subject lines, segmenting audiences and personalizing dynamic content, Clara Beck writes. Employ automation to make the task easier and authenticate your domain to stop emails from being filtered as spam, she advises.
As businesses like Amazon and Walmart introduce streamlined services for e-commerce fulfillment and distribution, customer expectations are evolving in-kind. But without equal funding, how can small and mid-sized companies optimize their supply chains to remain competitive? For a growing number of firms, the answer is on-demand warehousing.
For small businesses dealing with high shipment volumes or complex products, having to fulfill every new order in-house can quickly become overwhelming. But given their limited resources, how can small businesses grow more efficient without depleting their budget or overwhelming their staff? The answer might just be on-demand warehousing.
Use empathy to establish baseline relationships, as only then can any attempt at advice, planning and accountability occur, writes Dan Rockwell. "You can't bring out someone's best until they feel understood," he writes.
Explain the reasons behind pending layoffs through in-person communication, let employees know how the move affects them and help those affected find new jobs, say corporate experts. "How you treat people throughout this whole process is an indicator of whether or not you will still have any [employees] remaining on the other side," says Laura Hamill, chief people officer and chief science officer at Limeade.
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