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What A Difference A Week Makes: The Fed's Big Decision
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Well, well, well...somebody owes someone a steak dinner...
This week, world markets could finally exhale as the Fed announced a 50 basis-point cut to interest rates. To some, it was larger than expected, while to others, it was either late or never should have happened at all. This week, Kevin and Tom unpack the big move and what it means for wholesale distributors and manufacturers.
But this week held a lot more interesting news than just the rate cut. According to a recent report, 97% of all supply chain leaders surveyed said that they're facing challenges with supply chain metrics, while only 44% currently track customer satisfaction as a key performance indicator. All this while supply chain executives may be losing the strategic gains they made with their C-suite counterparts during the pandemic. What forces are shaping the supply chain now, and how can they be managed?
And if that isn't enough, Industry Today reports that manufacturers will need to re-think how they do everything. Like it or not, they are entering a period that demands transformation, meaning an intense, organization-wide program that shifts performance, starting with the top line.
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