Regarding ongoing supply chain challenges, IndustryWeek.com predicts “...a continuation of the many disruptions we are currently seeing at every stage of the supply chain.”
They went on to list all the reasons why such as:
Shipping terminal and port congestion and backlog
Adherence to quality requirements and standards
Not to mention, the rest that keeps you up at night...
Raw material shortages
Forbes agrees, saying that “...supply chain disruptions have emerged as one of the most impactful business challenges.”
So, how can nutrition bar or powder brands respond to, anticipate and meet these challenges?
First of all, expect the unexpected and assume that disruption will happen.
Second, depend on Nellson to help you navigate the supply chain terrain.
Nellson Partners with Nutritional Bar and Powder Brands
Supply chain pressures are felt across all facets of the industry, affecting suppliers, brands and ultimately, the consumer. We help manage and mitigate supply chain challenges, with our understanding of the variables that pose the most risks and by implementing strategies to reduce risk exposure.
Our Supply Chain Services for Nutritional Bar and Powder Brands
Our strategic sourcing team leverages consolidated purchasing power for supply and price. They work across competencies and departments to strategize, plan and source in order to purchase 5K+ ingredients, 200M lbs. ingredients and 3.5K packaging components, annually.
The Nellson strategic sourcing team includes:
5 category experts
1 pricing analyst
5 material managers
30 local buyers
We utilize supply and price risk management to support your brand, with:
Indexed pricing (commodity-specific)
Vendor managed inventory/floor stock
Customer stocking agreements
Commodity market insights
Guiding Principles for Successful Nutritional Supply Chain Management
So, how do we do it? By adhering to the following principles:
Communication is Key and Transparency is Critical
In a challenging supply chain environment, it is crucial to be in constant communication with suppliers and logistics partners. As our customer, you benefit from transparency and collaboration, as we share:
Risk management strategy
Vigilance is Required
We continually monitor what is needed, when, where and how, keeping tabs on:
Ingredient and packaging inventory
Supply order levels
ABS: Always be Sourcing
Our stocking agreements and supplier relationships benefit our customers. We are keenly aware of alternative resources available and work tirelessly to source them, should the need for ingredient substitutions arise.
Continuous Improvement for Co-Manufacturing
We are continuously looking for efficiency improvements for our co-manufacturers and private label customers. For example, during recent human resource shortages, we provided some resiliency by moving some production from manual to automated manufacturing, creating efficiencies and a reduction in required headcount.
Prioritize Now for Future Success
In this new supply chain environment, it’s more important than ever to plan, predict, prioritize—and pivot as needed. Nellson is the only full-service provider of the highest quality nutritional bar & functional powder solutions. Successful supply chain management has played a significant role in achieving this level of excellence. With us by your side helping navigate today’s supply chain challenges, you can rest assured that your brand is in good hands.
Find out more about how we can help smooth your path to success in the wellness product landscape, here.
You can get in touch here.