One of the biggest challenges for supply chain management businesses during the pandemic were the delays in shipments. This, together with reduced access to critical materials that affected production of the goods, led to a loss in revenue for a lot of businesses. At the same, logistics companies had to navigate the ever-changing complex environment of pandemic regulations and safety protocols. While the pandemic created a lot of opportunities for ecommerce, it also created fluctuating demand for goods and services. Sudden shifts in consumer demand patterns meant logistics companies found it harder to anticipate and meet those demands accurately. An additional challenge were the increases in freight cost and fuel prices, that added significant financial strain. 

If your logistics and supply chain management business paid qualified wages between March 12, 2020 and January 1, 2022, experienced disruptions, loss of revenue and partial or full suspensions, then you should apply for the Employee Retention Credit (ERC). Credit amount can be as high as $26,000 per employee and varies depending on eligibility criteria. 

This is why it is crucial that you rely on ERC experts to guide you through the process and ensure you receive the maximum credit you are allowed.