As the coronavirus spreads from one region of the world to another, Sun Chemical is conducting diligent inventory analyses of key intermediates, raw materials and finished goods inventories.
To procure several thousand materials on a regular basis and manage each one requires details of on-hand inventories, those that are in-transit and on order, and even customer consumption patterns. Every customer uses different formulas and product lines for varied applications. Sun Chemical continues to monitor each of these product families in order to make sure customers do not experience supply chain disruptions.
"Over these last several weeks, we continue to monitor the extent of the novel coronavirus (COVID-19) around the world," says Jeffrey Shaw, chief supply chain officer, Sun Chemical. "The potential supply chain impact of the coronavirus around the world is vast and unpredictable. Nonetheless, we stay committed to managing 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.
"Our supply chain control teams are proactively reviewing all levels of data and coordinating with suppliers, manufacturing and commercial teams so that they understand the latest material status. Furthermore, we have personnel stationed in China to manage suppliers and logistics locally. As specific questions about a customer's material and inventory levels arise, we ask that they please direct those questions to their supply chain contact for a more detailed response."
Understanding the urgency around the coronavirus and the supply chain reassurance it requires, Sun Chemical has developed some frequently asked questions with the company's response to them below:
Q. Do you source any materials from China or other high-risk regions of the world?
A. With global manufacturing in place, we source...