SUSSEX, Wis. - May 12, 2020 - Re-shoring is top of mind with product makers now planning their post-pandemic road forward, according to Wisconsin-based Sussex IM and their leading customers.
"Supply chain risk is a key concern of our customers, as they chart a path to a new future," said Sussex IM's CEO Keith Everson. "Our central U.S. location offers true value-added to our business partners. The rebound will come, in time, and when it does, the supply chain-related lessons of the recent past will remain a key part of the equation."
According to Everson, priorities have shifted and continuity risk is a more vital consideration than in years past. "Competition is more challenging than ever, and customers must evaluate other factors against the downside of failing to fulfill orders. That frequently means the selection of suppliers in closer proximity, rather than across the sea. Re-shoring is simply smart business."
Sussex IM's Everson said that meeting the customer demands of the future requires significant capital investment. First, plant expansion is planned, with groundbreaking later this year.
Second, Sussex IM has embraced advanced Industry 4.0 manufacturing techniques, ideal for today's business climate, when innovation, competitive pricing, on-time delivery and quality are critical to product success.
Third, Sussex IM is converting one of its five plants to an ISO 8 clean room to satisfy existing medical/pharma customers and offer growth opportunities.
Finally, the company plans to expand its "AMF", or Advanced Manufacturing Facility, which includes ISO 8 clean rooms and specialty manufacturing cells for customers and growing prospect base.
A recent news article in the Wall Street Journal underscored the supply chain security issue. According to this report, "'Companies are likely to continue facing issues across their supply chains, even if the bulk of their systems are operating,' said Paul Donovan, chief economist of UBS Group AG 's global wealth management unit. 'What I think Covid-19 has done is add another cost to having a long and complicated supply chain,' he said. Over time, Mr. Donovan believes companies will look to localize more production, allowing for easy access to inventories."
Sussex IM is a leader in custom injection molding. Its prestigious customer portfolio includes globally known brands in demanding markets such as Beauty, Healthcare and Consumer Product applications. Sussex IM's end-to-end suite of services extends from product design to warehousing.
For more information, visit: http://www.sussexim.com.
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