How has the economic downturn affected Skybitz and the primary industries you serve?
Despite these economic problems, SkyBitz came out of last year as a better, stronger company. We grew our top line by 7%, were profitable, reduced operating expenses and became more efficient. But, despite our success, many of the markets we serve have had trouble. Last year freight shipping across all modes of transportation decreased by 50%. Because of the economic downturn retailers were not selling products, businesses depleted their inventory and freight shipping decreased dramatically. What was your biggest business challenge in the last 12 months? What has been your biggest success? Our biggest business challenge was to transform the culture of the company. In the past, Skybitz was more oriented towards engineering. The mindset was, “We own it and we don’t want to share.” We changed from being an inward focused technology company to become an externally based, market focused enterprise. Now, as a result of these efforts we have created an ecosystem of partners and suppliers. Whe
