Global ink and coatings specialist Sun Chemical has been conducting inventory checks and analyzing of key intermediates, raw materials and finished goods inventories in order to make sure customers will not experience supply disruption caused by the virus outbreak.
According to Sun Chemical, procuring and managing several thousand materials on a regular basis requires details of on-hand inventories, those that are in-transit and on order, and even customer consumption patterns. Customers often use different formulas and product lines for varied applications. Sun Chemical continues to monitor each of these product families in order to provide uninterrupted supply of its products and services.
‘Over these last several weeks, we continue to monitor the extent of the novel coronavirus around the world,’ said Jeffrey Shaw, chief supply chain officer at Sun Chemical. ‘The potential supply chain impact of the coronavirus around the world is vast and unpredictable. Nonetheless, we stay committed to manage our supply chain in a very proactive and comprehensive manner. We continue to monitor the labor situation, the run time of supplier manufacturing sites, the logistics providers for over-the-road, ocean freight and even seaport services in China and other high-risk areas around the globe. The situation remains volatile and can change very quickly.
‘To this extent, we have made sure our contingency plans are in place and ready to be executed if needed. At this time, we have not experienced inventory issues and remain committed to the service levels we have been known to provide. We have numerous manufacturing sites around the world and are making sure we maintain the flexibility of manufactured volumes in order to meet customer demands.’
The company is reviewing all levels of data and coordinates with suppliers, manufacturing and commercial teams so that they understand the latest material status. Moreover, Sun Chemical’s personnel stationed in China manages suppliers and logistics locally.
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