By Sean Moloughney, Editor, Nutraceuticals World 03.02.22
Faced with inflation, raw material shortages, shipping delays, a dwindling pool of workers, and more fallout two years into the COVID-19 pandemic, people, brands, and companies have faced challenges at every turn. Still, in the manufacturing business, quality cannot be compromised.
According to Scott Steinford, CEO of Health Wright Products, navigating modern supply chain issues requires several fundamental tools: communication, cooperation, and collaboration. “Now, more than ever, forecasts, supply contracts, and blanket orders are critical. Transparency from customers is important to establish accurate forecasts and lead times. The lengthy lead times for ingredients and components require advanced order planning from all stakeholders of the supply chain. Customers that have built relations with their vendors through loyalty and volume are experiencing benefits from the long term strategy of relationship building versus a more short term price/commodity mentality.”
Tough Terrain
The reality today is that common ingredients and components are sti
According to Scott Steinford, CEO of Health Wright Products, navigating modern supply chain issues requires several fundamental tools: communication, cooperation, and collaboration. “Now, more than ever, forecasts, supply contracts, and blanket orders are critical. Transparency from customers is important to establish accurate forecasts and lead times. The lengthy lead times for ingredients and components require advanced order planning from all stakeholders of the supply chain. Customers that have built relations with their vendors through loyalty and volume are experiencing benefits from the long term strategy of relationship building versus a more short term price/commodity mentality.”
Tough Terrain
The reality today is that common ingredients and components are sti
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