How the Taylor Machine Works of Louisville is overcoming the global supply shortage
LOUISVILLE, Mississippi (WCBI) – Stores and businesses in Mississippi and the United States are once again facing a shortage of products on their shelves and in their warehouses thanks to the pandemic.
The root cause is the disruption of supply chains around the world.
“They tell us they expect this to last until next year, until 2022,” says Scott Hollenhead, supply chain manager at Taylor Machine Works. “So it looks like we’re still ready for a bumpy race. “
This is what Hollenhead says their suppliers have told them regarding the continuing product shortage and shipping interruptions.
The Louisville-based industrial forklift maker says their shipping times have still not returned to normal as they grapple with the effects of material shortages and lack of manpower to haul goods and transport. trucking.
“(We have seen) just in containers, shipping containers, a 260% price increase since January 1, 2021,” Hollenhead said. “It’s actually unheard of so far. “
The impact on the shipping industry has increased the need for products like their forklifts, but Taylor Machine Works has yet to wait for parts to manufacture them.
“On the west coast there are a lot of ships waiting to be unloaded,” says Hollenhead. “But then we wait for the components to go through that same port. “
To combat this, Hollenhead says they’ve increased their inventory “because any component can stop you.”
They also maintained good relationships with their suppliers to negotiate the best prices.
In addition to finding alternative production methods.
“Our engineering team has been great working with us, trying to solve these supply chain shortage issues,” Hollenhead said. “(If) we can’t get this product and we have something close, can we use it? “
Hollenhead says it’s all part of their commitment to their customers and the Winston County community, which relies on the Taylor Machine economic engine to drive development.
“We’re doing everything we can to make sure we can stay viable and… move this machine forward,” he says.