In the wake of COVID, the global marketplace is currently facing a number of supply chain and logistic challenges. Pandemic-related labor disruptions in the manufacturing industry have created shortages of raw materials such as plastics, computer chips and nickel, while a surge in consumer demand has strained the supply chain even further. Retailers are also facing global transportation issues, leading to increased freight costs and long shipping delays.
What Can Businesses Do To Address These Issues?
It’s a challenging time for businesses to be sure, however, there are a few key strategies businesses can take to help them remain solvent during this challenging time.
Step #1: Choose a Supplier with Enough Product
Securing an adequate supply of product should be your first priority. After all, you can’t sell what you don’t have. Your choice of supplier will be key here. Savvier suppliers will have anticipated these issues months ago and worked to bring in additional products before these problems began. Large suppliers have the advantage here since they possess the capital needed to significantly increase spending and store large amounts of product throughout the rest of the year.
Step #2 Make Sure Your Supplier Can Get Products to You Quickly
You should also look for suppliers with their own supply chain. There are a number of reasons for this. First off, they will be more efficient at securing the additional storage space needed to house additional products, as well as the labor needed to process it.
They will also have the resources necessary to locate alternate transportation methods if it becomes necessary, since they have long-standing relationships within the transportation industry. All of this is important in order to get products to your business in a timely fashion. After all, securing a product does you no good if you have to wait months for an overburdened team to deliver it to you.
Trust Batteries Plus for Your Energy & Lighting Needs
Batteries Plus is doing everything possible to continue supplying businesses with the critical power and lighting solutions they rely on. We have leveraged our size to increase our supply of crucial products and are utilizing our shipping and logistical expertise to get the product in our warehouse as quickly and efficiently as possible.
If you’ve never worked with us before, now is the right time to partner with us through your OMNIA Membership. Visit our profile to learn about the partnership and take advantage of everything Batteries Plus can do for your business.