Logistics Businesses Take on More Extreme Survival Measures
As a result of this drop in demand, professionals are turning to more extreme measures to save costs, switching up the cash-flow improvement strategy that we’ve seen over the past few months.
Since September, businesses looking to manage their financial situation by reducing employee headcount has risen sharply by 15%. Likewise, those reducing employee hours for the same reason has increased by 13%.
In turn, companies are moving away from methods such as financing or restructuring debt, as this decreased by 13% since September. As freight struggles continue, it seems to be becoming more apparent to companies that new methods of survival might be necessary.
