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Raising prices is an inevitable part of owning a small business. This article is part of "Small Business Playbook," a series exploring leadership challenges and the solutions that can drive growth. "Our vendors were raising prices as well, so we had to go along with it." Raising prices is an inevitable part of owning a small business, Danielle Langton, a business consultant who works mostly with women-owned businesses, told Insider. Tucker said she explained to her customers that raising prices meant the company could maintain its high quality of service.
Persons: , Hyacinth Tucker, Tucker, Danielle Langton, Langton, Ashley Steele, Steele, Sarah Oden, Laura Morsman, It's, it's Organizations: Service Locations: Washington , DC
Photo: Sarah Oden/Associated PressWomen and people of color are being hired into top roles in the logistics industry. United Parcel Service Inc. turned to Carol Tomé, a former finance chief at Home Depot Inc., in 2020 to become chief executive officer. Raj Subramaniam, who is from India, was chosen to succeed FedEx Corp. founder Fred Smith as chief executive earlier this year. Judy McReynolds has been chief executive of ArcBest Corp. , one of the largest trucking companies in the U.S., since 2010. Studies also show there is a big gap in pay across the logistics industry.
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