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| NAW SmartBrief |
| July 2, 2008 |
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Survey: Workers expect employers to help mitigate cost of gas
Although 84% of U.S. workers reportedly expect their companies to help defray the high cost of gas, a new survey by Opinion Research Corp. found that only 35% of employers have actually done so. Among the solutions employees are looking for: expanded carpooling programs, incentives for mass transit and more leeway to work from home. Modern Distribution Management (6/25)
Higher costs hurt Chinese factories
The high cost of energy and raw materials is putting the pinch on Chinese manufacturing, causing many factories and exporters to reduce their hours or close their doors altogether. Though almost all sectors have been affected, makers of low-cost toys, clothes and household goods have been especially hard-hit. The Wall Street Journal (6/30)
Synnex expects up to 35% surge in Q3 profit
Synnex Corp. anticipates a jump of between 30% and 35% in its fiscal third-quarter earnings, on revenue of nearly $2 billion, versus $1.76 billion in the year-ago period for the IT and business process outsourcing company. Forbes/Associated Press (6/27)
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Build a brand that is exclusive -- and unique
In building a brand, entrepreneurs need to keep their brands exclusive and directed at their target markets, rather than being all-inclusive and universal. Exclusivity means retaining an originality and uniqueness that sets the brand apart from, and hopefully above, its competition. Entrepreneur (7/2008)
Issues to consider before switching to four-day work week
A recent survey showed strong support among many human resources professionals for moving to a four-day work week (with each workday lengthened by two hours) in light of soaring fuel prices. However, this article urges companies to consider the ramifications of such a switch, in terms of how much gas money workers would actually save, as well as the potential impact of longer work days on productivity and employee safety. Forbes (6/26)
Better collaboration needed in marketing, sales
Time frames, goals and contrasting viewpoints are just some of the ways marketing and sales departments are different. But with advances like the Internet, it's never been more important for the two departments to work together. Marketing departments should work with sales on areas such as defining quality leads and forming a companywide vocabulary for how leads get to sales. Manage Smarter (6/30)
What your body says that your words don't
This video about body language calls on the expertise of former counterterrorism FBI agent Joe Navarro, who's an expert in nonverbal communication. This four-minute video teaches you what others are saying beyond their words -- and what you say as well. 
The Washington Post (6/23)
Roth 401(k) plans gain popularity with looming tax hikes
More companies are signing on to offer Roth 401(k) plans to their employees, according to the Hartford Financial Services Group, the Vanguard Group, Merrill Lynch Retirement Group and other providers. The plans had gotten off to a slow start since being launched in 2006 because employers thought the Roth IRA-like features would be too difficult for employees to understand. "Now that we're getting closer to elections and we're hearing that tax rates will probably go up, people are concerned about it," said Tom Foster, a national spokesman for corporate retirement plans at The Hartford. InvestmentNews (6/30)
Airlines: No free pass for bulky carry-on bags
With checked baggage a potential money maker for airlines, US Airways says it plans to add staff during peak hours to ensure that customers no longer carry on bulky, oversize bags. Several airlines, including American Airlines and United Airlines, are beginning to institute fees for checked bags this summer as a way to offset skyrocketing fuel prices. Los Angeles Times/Associated Press (6/30)
Payment paradigm has shifted
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New Edition: Learn the Essentials of Profitable Wholesale Distribution
Making money in distribution gets tougher every year -- it's even harder during an economic slump! Running a successful company requires cooperative efforts from knowledgeable and motivated employees. Speed their learning and retention by giving them Essentials of Profitable Wholesale Distribution. Twice the size of the first edition, this second edition includes both brand-new and updated instructional text and all-new graphics!
Download key economic data to plan for growth
Download individual economic analysis reports that are most relevant to your business from the 19 major wholesale distribution sectors in the 2008 Wholesale Distribution Economic Reports. As we continue to weather this economic storm, these reports supply a wealth of benchmarking data, including revenue and employment growth trends, the number and size distribution of companies, gross margins, wages, and other operating statistics.
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We have a plan, but it needs to be updated.
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