Let's not kid ourselves. Tough economic times have taken a toll on business. Regardless of the industry, when a supplier can't perform for financial reasons, it impacts its customers and its suppliers. That is especially true for lean operations that rely on the timely delivery of products to keep their businesses running and their customers satisfied.
Financial stability is a key component of Millwood's strategy to service its customers, including a growing number of national accounts. "To get in the door and develop a relationship with a Fortune 1000 customer, you have to demonstrate financial stability, controlled growth and have the working capital to work with a large customer," says Tom Paskert, Millwood's chief financial officer.
Read More