View From the Top by Ken Dickinson, Co-Founder & Managing Partner
No pain, no gain. Whether you believe tariffs are a temporary negotiating tool, a permanent offset to traditional income tax, or a way to strategically squeeze China into playing fair, there will be pain. How much pain and for how long is the question nobody knows.
Waiting and worrying is not the best move for businesses, nor is overreacting with price hikes that contribute to an already inflated economy. Now is the time to be strategic but smart so as not to compromise existing supply lines and client relationships.
Focusing on operational efficiencies can counter tariff pains. Consolidating data silos and automating manual tasks can save thousands and free up resources. Investing in a state-of-the-art warehouse management system (WMS) or manufacturing execution system (MES), while a larger-scale
project, may be worth the long-term gain.
“Waiting and worrying is not the best move for businesses, nor is overreacting with price hikes.”
With an estimated $5 trillion in new capital being invested into the U.S. economy, expect a boom of newly constructed or revived manufacturing and distribution facilities. Distributors of HVAC, plumbing, electrical, etc. will want a piece of that action. Make sure you have an effective sales pipeline and
client relationship management system in place. Determine if you truly offer 24/7 support through online bids, sales, returns, and payment processing—or are you falling behind?
For manufacturers, ensure your distribution/dealer network has accurate, ample product content. Facing labor shortages? Perhaps this is the time to invest in an emerging AI platform or robotics.
Kore Technologies has helped hundreds of companies automate and integrate to best-in-class solutions including its own robust B2B/B2C eCommerce platform. We can help you turn your pain into a gain.
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