Chain
Certainty
The World of Trade is Changing
COVID-19 was a wake-up call to the business world. It highlighted dependencies in essential supply chains and brought to the forefront of people’s minds, the issue of Supply Chain Certainty.
Today markets are fast paced, and even more unpredictable, due to rising tensions, shifting geopolitics and trade agreements. There are never any guarantees, but it seems tomorrow is even murkier than usual. One of our core values here at Compac is Reliability, this means we follow through on our promise to deliver on time, every time. We recognise business can be challenging, but uncertain supply chains compound these challenges in today’s economy.
Consumer Expectations
- The current trend is for instant gratification, or at least, not delayed and unpredictable. No one likes waiting, and adding uncertainty to the wait makes it worse. With an NZ made based supplier, the possible delays are largely reduced, resulting in greater customer satisfaction and loyalty.
Cost Management
- Uncertainty increases cost. How much stock should you carry, will it sell out, leaving customers wanting? Will the product then be available? A more stable supply chain makes for more certainty, more predictability and accurate forecasting.
Sustainability
- Different countries have differing standards and requirements for sustainability, different ways of producing power, procuring materials and other processes that may not align with the global movement to reduce wastage and look after the environment, and even produce ethically with fair labour. New Zealand has excellent standards, and a high bar for NZ made products, power production and workers’ rights. We adhere strictly to the standards and policies of our nation and wear the New Zealand Made badge proudly.
Competitive Advantage
- Reliable supply chains can lead to a competitive advantage, from greater customer satisfaction, product availability, service, and provides a more enjoyable experience in knowing that the purchase supports New Zealand, its industries, and Kiwi workers.
