When is Risk Transferred During Shipping?

In a business climate driven by results, shipping terms are often treated as little more than an afterthought of a sale. However, the shipping terms you agree to directly influence the amount of risk you’re exposed to and the amount of insurance you’ll need to mitigate it. This can affect your bottom line, as assuming…

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Fair Labor Standards Act for Wholesalers

Below is some general information concerning the application of the FLSA (Fair Labor Standards Act) to wholesale and warehouse industries. The wholesale industry is characterized by the sale of goods for resale, rather than sales to the ultimate consumer. The warehouse industry includes central warehouses for a business enterprise, public warehouses, and storage establishments. All…

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Risk Management for the Supply Chain

You’re probably tired of hearing about issues with the supply chain since the pandemic. While lean production helps companies stay efficient, it also amplifies the possibility of disruption when there’s no stock on hand to cover a hiccup from farther up the chain. The results of these widespread issues with the supply chain go far…

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