Industries across the global economy are suffering from supply chain delays. What can companies do? A collaborative Vendor Managed Inventory (VMI) partnership can help your company avoid the worst.
What is causing supply chain delays?
It’s not just the pandemic. A number of factors converged to create this damaging slowdown.
Extreme weather: The complex transportation network that is the lifeblood of the global economy has been hit hard by hurricanes, typhoons and other disasters. Even after these events have passed, their effects—power outages, fuel shortages and infrastructure damage—are contributing to widespread shutdowns and delays.
Container shortages: For a variety of reasons, these vital components of the shipping industry are in short supply, constricting the flow of goods.
Port congestion: Factors including the Suez Canal blockage and COVID-related labor shortages have contributed to back-ups at ports worldwide.
How will supply chain delays affect your fastener supply?
The answer varies, depending on specific orders, but our vast inventory helps. Because we keep so many fastener SKUs in stock at our 11 locations around the country, many shipments will arrive on schedule. If we don’t have your item in stock, your order may be delayed.
We’re staying in close contact with our suppliers so we can keep you up to date on the status of your order. We understand that running out of a specific fastener could affect your entire operation. We’re doing everything we can to fill your orders and keep you up and running.
Prepare and plan with your VMI Service Technician.
Companies that take advantage of our no-added-cost Vendor Managed Inventory program have a knowledgeable ally. Southern Fasteners & Supply Service Technicians have the inside track on the unique inventory demands of the companies they serve. They help minimize the impact of supply chain delays on your operation by forecasting your needs, anticipating shortages, and planning farther ahead—and they’ll be the first to know when inventory is available so you can stock up.
Let’s get through this together.
Widespread supply chain delays are expected to continue indefinitely. Your Southern Fasteners & Supply Account Representative is ready to help you deal with shortages.