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Exercise bikes and computer chips can wait on ships for weeks, but nuts and fruits have a more limited window. How can agribusiness owners better prepare for 2022? Fewer chestnuts roasted over open fires this holiday season. While the global shipping crisis has made it difficult to import needed materials, exporting finished products has become just as tedious. The California nut industry saw a massive drop-off in exports at the end of 2021. In the fall of 2021, walnut producers exported 47% fewer nuts in the shell and 16% fewer shelled nuts than the same season in 2020. Furthermore, almonds...

In times of uncertainty, fact-driven, long-term planning is imperative for business owners. Understanding what experts are forecasting about the 2022 fresh produce growing season could increase profits for those in agribusiness. Every economic sector has felt the sting of the ongoing supply chain crisis, and has been forced to adapt accordingly. However, American produce farmers have incredibly narrow windows to work with, and often can't just wait for the materials they need to eventually arrive. Furthermore, the perishable nature of their goods drives a need for empty shipping containers...

With supply chain issues expected to persist through the coming year, winemakers worldwide should get a head start on glass, label, and cork orders for this and next year's harvests. Many wine producers have shifted from just-in-time to just-in-case model in order to combat the glass shortage. After the stressors of recent days, many Americans are looking to kick back at the end of the day with a glass of something big, bold, and red to calm their nerves. However, bad news: the supply chain crisis has affected every industry—and wine is no exception. Thanks to the rippling shortage effects of...

When it comes to supply chain sourcing, the goal is to move products as quickly and efficiently as possible. Reevaluating current supply chain trends creates a domino effect for business owners. They'll need to adjust cash flow, cash reserves, and their overall balance sheet to accommodate increased fees Jump To... The eCommerce Boom | The Great Resignation | The Trucking Industry | Supply Chain Risk Categories | Supply Chain Mapping | Risk Rating System | Capacity Buffers & Safety Stock | Supplier Diversification | China+1 | Focus Local | Automation Advancements | Continuous Flow...

When operating a successful business, understanding what impacts cash flow within your organization is key. Below are several areas to help monitor your cash flow, and provide guidance on how to fix issues over time. By considering the following, you will be able to respond to changes in a timely manner and properly plan for future expenses. Working Capital McKinsey & Company shares 1 that having some basics in place around working capital can release an unexpected amount of cash. “That’s everything from the discipline around how you pay your suppliers’ invoices on time—not too early, not too...