Edgetech - advertisement
As with most of the UK's industry, the good positive managers have treated the today's situation as one of those hiccups that need to be controlled, surmounted and moved on from. The way forward is akin to finding your usual route to the office blocked by road works. The choice is hang around and wait for them it to clear or accept the situation and just take a different route. It is still a choice.
A very small minority see the 'road ahead closed' as a trigger for them to stop, give-up and attempt to deflect blame. Is this road block really that much different from any other day to day situation that has to be overcome when running a business. A different magnitude for sure, then what is management is paid for.
There is always peripheral knock on from these situations. The already 'in-dire-need' failing company will use the situation to trigger their personal self-preservation exit and dump their miss-management debts on others - the pre-pack. The general effect on the industry is yet another 'road-block' created, the security of supply. It's the dance around a string of pitfalls and potholes caused by this inadequacy of others that the Industry now has to contend with. Supply costs will rise as the debts of others get loaded on the industry going forward. Supplies will become limited as the right economical price is chased down. . …»
Letter to the Editor - Security of supply?
Dear Ian
The sector is currently beginning to see company failures be it complete insolvency and the 'death' of the business, pre-packs with all that entails or ex owners/employees starting new ventures after a failure. We are I'm afraid going to see more of this and Security of Supply is an issue that those who trade in this sector should not ignore. Many pay attention to price and quality, ease of dealing and personal 'fit' from a supplier but the failure of a supplier can be a very costly problem for a customer, orders in progress get stalled, warranties are lost, time sourcing new supply and gaining your own customer’s acceptance of the change, maybe retooling or altering other processes, increased cost for an alternative you have sold on a cost plus basis and many other consequences are costly burdens just when no-one needs extra cost. …»
Regards
Chris Ball
Director
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