During the months leading up to the election, I found myself reflecting on how Casco managed to survive this awful economy when companies much larger were closing their doors!
How did we do it?
First and foremost, we tightened our belt. We looked at all of our expenses no matter how insignificant they may have seemed. We changed out payroll services, energy supplier, telephone carriers, the business insurance company – just to name a few. We focused on freight expenses, especially as the price of oil rose. We managed both freight in and out very closely.
With equal effort we shopped raw materials. We found our most significant savings in overhead materials such as corrugated, packing supplies and tape. Because most of our raw materials are petroleum based, we were watching costs very closely. Whenever we could present to our customer a less expensive, yet equal in quality, component part we jumped at it! This was most evident in fabric and foam.
Additionally we reviewed quantity breaks. What is the best lot size for us versus a container load from China? We reinforced what we already knew: we can help customers manage their inventory cost by allowing them to buy smaller quantities than the container load from China or other off-shore countries, all the while maintaining our quality standards of 99.6%.
In a snapshot, we continued to do all those things that we do best: Providing a quality product, on time, at a fair price. However, like all companies, one of the biggest assets (and expenses) is manpower. In order to survive this terrible time we would have to do more with less. We are so blessed at Casco to have an amazing staff from customer service to design to production all poised and ready to do their part.
So what’s next now that the election is over?
Well, all you have to do is watch the stock market and you know the challenges that lie ahead. Fear not! With the work we have done over the last few years, we are ready to fly high in 2013. As companies re-shore production to the United States, Casco is prepared to respond. We have a breadth of capabilities that we can leverage across many markets no matter what the economy. Two things have not changed at Casco – we have the finest people and technology in the country!
Bottom Line, re-shore with Casco Manufacturing Solutions…Proudly Made In The U.S.A.
President of Casco Manufacturing