Businesses must look beyond oil, analyst warns

With the era of cheap oil ending, Chuck Taylor believes businesses that rely on the movement of freight must begin thinking in terms of alternatives to the current system.

The logistics expert said the country can start by lowering speed limits and rebuilding railroads to move more freight and people. But the long-term solutions are going to require a different mindset than the way companies currently think about the supply chain.


He even believes the trend of having goods and parts made in Asia and shipped to the U.S. will be short-lived because of rising oil prices. Companies like Toyota, he said, have already figured this out and are building assembly plants in the U.S. and having suppliers build facilities on those sites.