With near-term consumer demand uncertain, and high interest rates likely to continue for some time, corporate belts are tightening. So what are companies spending money on today?

The addition of new channels opens a world of new opportunities for manufacturers, while also exposing them to potential barriers to growth. 

The decision to file for bankruptcy comes just two months after the organization’s battery supplier, Proterra Inc., also filed for bankruptcy.

Lawyers for the two companies said that they’ve agreed in principle to a settlement that will end a lawsuit Rite Aid filed against McKesson over their supply agreement.

Lowering energy costs was cited as the most important reason for companies when it came to investing in IT for sustainability.

The funding will go towards improving the movement of goods along navigable U.S. waterways and expanding existing services in Alaska, Illinois, Indiana, Louisiana, Texas, Washington and Wisconsin.

OOCL Logistics customers will be able to apply for financing through the PODIUM platform, meaning suppliers can now receive funding less than 72 hours after shipping out a product.

The feature can determine a price range for logistics services based on numerous variables including types of transportation, equipment, demand and competition. 

FedEx shipping rates are expected to grow by an average of 5.9% for U.S. domestic, export and import services.

The new wave of generative artificial intelligence is supercharging the increased automation of B2B customer onboarding and due diligence for financing approvals, disbursements and repayments.