Coronavirus: what does it mean for your business?

We have been asked by so many of our customers how the manufacturing shut down in China will affect the supply of our products to them. As a wholly Australian manufacturer we’re pleased to say the answer is, not at all.
As we’ve all seen in the media, the business shut down due the impact of Coronavirus has been extraordinary, and it's even having a dramatic impact on the world’s stock markets. We certainly feel for all those directly affected, and there are also indirect consequences we are all experiencing.

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The question now is how will this now affect product supply around the globe in the coming weeks and months? What other supply issues will come now that China is the world’s manufacturing base? Does it make sense to start looking at on-shoring the supply of products into your business?

Using an Australian-based manufacturer has always meant better communication, shorter lead times from order to delivery, smaller minimum order quantities and technical support on hand. Add to this the increased quality (see Three Reasons Why You Should Only Buy Australian Nameplates) we think these are compelling reasons to buy Australian-made.

More to the point is how much will this shutdown cost current Australian companies (indeed world companies) and will this make them reconsider their supply chain. I guess that once the cost of this supply chain breakdown is measured you will see many more companies reverting to local suppliers, because “we just can’t afford to go through that again!”

Consequently, many companies' procurement, supply, and manufacturing managers will need to prioritise the risk of supply disruption and ensure continuity of supply as a crucial factor in their decision-making processes.

 
Either way, let us assure all of our customers that there is no interruption here.

Talk with a specialist at LNI

To find a nameplate, label or badge solution that matches your brand identity, talk with the specialists at LNI who have helped many brands find their perfect product branding solution. Whether you have a tricky labelling problem you need to solve, or just need some general advice, please contact us at your convenience.

12 Questions to ask before buying a product branding solution - download from LNI

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