Smaller business owners commonly use Small Business Administration (SBA) 7a loans to finance industrial real estate such as warehouses, distribution centers and factories, but with recent interest rate increases, costs of those floating-rate loans are rising.
One of the chief benefits of digitization is where it meets robotics in the form of robotic process automation. RPA, also known as software robotics, has the potential to transform daily and ongoing business processes by using automation technologies to mimic back-office tasks of human workers.
In a transportation and logistics context, location intelligence refers to technologies that aggregate supply chain data and apply machine learning to provide insights into the whereabouts and movements of assets, products, and human resources.
Global supply chain disruption is now into its third year. Building in resiliency, while also meeting customer expectations and service-level agreement (SLA) commitments for time-definite delivery, has highlighted a need for better visibility.