Supply Chain Impact

MANUFACTURING MITIGATION

Taylor’s proactive investments in efficient equipment and improved technology will enable us to keep rate increases at a minimum - today and in the future.

PAPER 

Promoting our “house stock” as a first option.

Increasing our inventory on house sheet grades for primary sizes.

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 Working with distributors to get forecasts on expected units of products to be sold.  Forecasting our paper needs with our suppliers so our distributors’ paper needs can be accumulated and added to our inventory orders. JIT (just-in-time) orders will be difficult during the current paper market challenges.

LABELS 

Obtaining production forecasts to share with suppliers. Seeking safety stock with customer commitments.

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 Helping set expectations with distributors on current market conditions and lead times, and seek alternative materials when needed to provide more supply options.  Continuing weekly supplier performance meetings to effectively manage, elevate and prioritize orders. LOGISTICS  Continuing to engage our small package carriers to better manage our ability to keep our supply chain stable throughout 2021.  Shifting our small package strategy as we look to alternate and other regional carriers to be a bigger part of our plan. It is no longer advantageous for Taylor to rely so heavily on a single partner as our carrier of choice in the small package market.

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