By Brian Calhoun, Motus
Whether gasoline or groceries, the cost of goods have escalated across the country, impacting people everywhere.
While we often read about consumers feeling the effects of inflation, companies face their fair share of difficult decisions as they explore possible steps to keep their businesses afloat and maintain profits.
While large enterprises will likely be more insulated from the impact that growing costs inevitably have, small businesses are gearing up to make tough decisions as they grapple with rising supply and labor costs.
For those seeking guidance on inflation-proofing their business, there are three key small business tips to keep in mind.
Nauto was recognized with Frost & Sullivan's 2022 Customer Value Leadership Award for its comprehensive AI-powered driver and vehicle safety platform that can significantly reduce collisions and safeguards drivers' lives
Although there are devices in the market to monitor the driver, Nauto offers a highly accurate and efficient AI-based platform to provide real-time in-cab alerts to drivers and it also optionally alerts the fleet manager, to help significantly prevent collisions and offering an edge over conventional ADAS and video telematics," said Amrish Nagarajan, Senior Research Analyst at Frost & Sullivan.
Ford is working on a mobile app designed to alert drivers to pedestrians and bicyclists nearby. The function is intended to complement, not replace, its Co-Pilot360 advanced driver assistance system.
The app, scheduled to debut at the Intelligent Transportation Society of America’s World Congress in Los Angeles this week, uses Bluetooth Low Energy to send a location alert from a pedestrian or cyclist’s smartphone to passing Ford vehicles equipped with the latest infotainment system. The system then calculates potential crash risks, providing screen and audio alerts.
The safety package includes features such as automatic lane keeping and blind spot assistance.
Wheels Donlen announced the launch of a new equipment finance business that will be focused on providing dynamic funding solutions to the mid-market, large corporate, and financial sponsor segments.
Capteris will provide flexible financing and customized services as they launch with a full suite of products including operating and capital leases, fixed and floating rate loans, refinancing, sale leasebacks, as well as other value-added services.
Wheels Donlen’s CEO, Shlomo Crandus said, “With Capteris, we have the opportunity to better serve our existing client base while at the same time expanding into new markets. We are excited to launch this business and believe the collaboration among Wheels Donlen, MidCap, and Capteris will be a true differentiator in the market.”
Solar-powered EV charger company Paired Power has just debuted a modular, off-grid electric vehicle charger that is powered by a solar canopy. The company has called its new modular charger PairTree.
According to a 2022 McKinsey & Company Report, “On average, each person in the United States travels about 30 miles a day by private vehicle.” PairTree is designed to optimize EV charging loads to deliver up to 75 miles of daily range. But PairTree supports the integration of up to 40 kWh of lithium iron phosphate batteries, which can can extend the EV’s delivered daily range to up to 230 miles.
PairTree is a flexible design that works in various settings, such as locations that have either maxed out their local grid capacity, or workplaces and retail locations that lease their property and don’t want to invest in permanent infrastructure. PairTree also can provide emergency backup power and temporary power for particular events.