Your operation is firing on all cylinders. Orders are rolling in. You can’t believe the surge in demand. Then you realize a critical path in your supply chain has broken. Bringing everything to a screeching halt. The fasteners you need are out of stock.
Seasonality affects more than you might think when it comes to selling products and equipment. There’s a lot more to it than simply finding the right buyers or getting an advertisement in prime position. It’s all in the timing. It’s rare to find a coffee shop open at night, similarly, to see an ice cream truck operating through December.
What’s wrong with carrying excess inventory? After all, a customer will want it at some point, but the problem is no one can know when or if that product will move. What many fail to realize is there is a cost associated with carrying slower moving products.
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Recently, we’ve received calls and emails from customers asking will Earnest Machine’s products be affected by tariffs?
The answer is yes and no.
Yes, we’re as impacted by tariffs as everyone else in the fastener industry. Everyone using or purchasing steel products has been affected in some way. We also would say no, we’re not presently impacted because most of our products are not of Chinese origin.
Earnest Machine will celebrate its 70th anniversary by sponsoring the inaugural Fastener Fair USA, which will take place April 11 and 12, 2018, at the Huntington Convention Center in Cleveland, OH.
