Collateral:FUEL FOR THOUGHT: Strategies for Counteracting Soaring Oil Prices

Brief Overview

When the price of oil surges to record levels, businesses along every link of the supply chain feel the pain. That pain can reach crisis levels for many companies, and the first response for some is to attempt to offset these increased transportation costs by simply passing them along to their customers. The reality, however, is that there are a multitude of strategies companies can employ to hedge against increased fuel costs to avoid the wrath of their customers, and to retain, or even improve, their competitiveness.