Essential planning mitigates the impact of business disruptions
When a workplace fatality occurs, there is a tragic impact on loved ones’ lives, as well as an emotional, financial and cultural impact on the organization. It should be the utmost importance for a metals company to ensure its workers never become part of this terrible statistic.
The metals market has been in upward and downward cycles in recent years, but there are signs of stability and possible revival.
Litigation from business actions, employment decisions, investment and operational strategies and compliance matters has increased in recent years.
Third in a four-part series
Business owners contemplating an ownership transition should consider what will be required to complete a successful transaction carefully.
Today’s metal service centers face increasing challenges: metals pricing instability, consumer demand inconsistency, financial performance pressure and tax, legal, human capital, regulatory and other administrative issues.
A majority of metal service centers deliver products to customers using a vehicle fleet. A delivery fleet can provide value, but there is operational exposure that should be safeguarded properly against potential loss.
Metal service centers and metals-related businesses know about change, from large fluctuations in metals prices and surcharges to inconsistent demand levels, consolidation, and regulatory and compliance issues.
The impact of a human body colliding with steel products being lifted or carried with an overhead crane or lifting device is usually devastating.