Understanding the Unique Insurance Needs of Manufacturing and Wholesale Businesses
The manufacturing, wholesale, and distribution sectors face unique risks every day. Storms, fires, and floods can damage products within a warehouse, thieves can target inventory, and unpaid deliveries or late supplier shipments can eat into your profits. To mitigate the varying risks, all companies within the wholesale and manufacturing industries require comprehensive business insurance options. […]
Biggest Challenges Facings Wholesalers
The biggest challenges facing wholesalers may still be on the horizon, as businesses and distributors attempt to navigate issues. Wholesalers that sell products purchased from suppliers face various current difficulties. Likewise, many businesses, including restaurants, rely on wholesalers to keep their inventory stocked. When problems arise, they affect everyone. The Challenge for Wholesalers Your Utah restaurant […]
Wholesale & Distribution Forecast for 2022
Nobody could’ve predicted the impact that 2020 and 2021 would have on the global economy. The consequences of COVID-19 and a major labor shortage put many industries through stress that they could barely survive. Still, strong sectors such as the wholesale industry were able to withstand the storm, prompting the question of what 2022 will […]
Tips for Calculating Your Wholesale Company’s ROI
How do you calculate a company’s ROI? Even if you have extensive experience managing other important aspects of your business, figuring out how to calculate return on insurance, or ROI, may seem opaque and complicated. What is a good ROI for wholesale and what investments are worth it may depend on your particular business goals […]
How Can Wholesalers Boost Their Sales?
Wholesale businesses require retailer purchases to turn a profit, but when the competition is steep or demand is low, it could be difficult getting the attention you need. By creating a buying experience that impresses retailers, you can increase wholesale sales and create long-term loyalty. A little creative effort and commitment to these tips can […]
Everything You Need to Know About Wholesalers (& How to Protect Your Business)
Wholesalers in the state of Utah occupy a distinct niche in supply chains serving domestic and international business owners. As a middle point between manufacturers or producers and retail establishments, wholesalers face unique risk exposures. Utah wholesaler insurance is part of a strategic risk management approach that protects these businesses from expensive losses. In this […]
5 Risks Wholesalers Must Brace For
Just like their retail counterparts, wholesalers in the state of Utah face many risks. Purchasing inventory from manufacturers and distributors is dependent on numerous factors; breaks in the supply chain or issues with transportation, handling, and inventory can result in expensive losses. While Utah wholesaler insurance serves as the foundation of risk management, wholesalers must […]
FAQ’s Regarding Wholesaler Insurance
Wholesalers play an important role in global commerce. Working with suppliers and manufacturers both in the United States and abroad, wholesalers face numerous operational and liability risks. In the state of Utah, Utah wholesaler insurance represents the foundation of risk management for these companies. Insurance protects wholesalers against claims of faulty or defective manufacturing practices, […]
Product Liability Critical for Wholesalers Partnering with International Suppliers
In today’s global economy, wholesalers and manufacturers often partner with international suppliers around the world. From component and materials manufacturing to full production of consumer goods, wholesalers rely on a worldwide supply chain. In the state of Utah, Utah wholesalers insurance protects against product liability risks, providing coverage against claims of faulty materials, manufacturing practices, […]
Common Risks Faced by Wholesalers
Common Risks Faced by Wholesalers In the business world, risks confront nearly every operation. Wholesalers, like their counterparts in the retail sector, face certain risks that can negatively impact business assets. As a risk management tool for wholesalers in the state of Utah, Utah wholesalers insurance represents a foundational component. Understanding the risks faced by wholesalers is […]
