"To say 2020 was an extraordinary year would be the understatement of the year. According to McKinsey, 25% of smaller manufacturers won’t survive the pandemic. We have not only survived, but we are thriving and 2020 will end being a very strong year. I have said this before, but you should be conducting a financial health checkup on your suppliers. Did they lay people off this year? That could be a sign of financial weakness which would lead to disruption of your product supply. We didn’t lay off one single employee this year. We also kept a close eye on our suppliers to be sure they are in sound condition. In some cases we developed secondary suppliers just in case. Have your other suppliers been that diligent?
It would be a mistake to assume 2021 or even 2022 will return to “normal.” The economic, societal, and health impact of the pandemic will be felt for years to come. All your suppliers should have contingency plans to mitigate the further disruption that is likely to occur. I know we do. You can be assured we are fully prepared for the turbulence ahead. You can count on us!" - Steven L. Blue
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