RESCO Continues to Grow Record Inventory
August 18, 2022
‘Supply chain’ and ‘inflation’. The two words all of us have probably heard enough over the past year. Both have greatly impacted the operations of utilities and the everyday lives of their members and customers, with seemingly no short-term end in sight.
In terms of supply chain disruptions, more than half of supply chain executives don’t expect a “return to normal” until the first half of 2024 or beyond, according to survey results reported by SupplyChainBrain.
And with inflation at its highest level since November 1981, fears of an impending recession–which some experts believe has already begun–are on the minds of businesses and consumers alike.
While it’s difficult for organizations to pivot their operations during unstable market conditions without skipping a beat, recognizing potential operational concerns early on and taking a proactive approach to address them can help weather the storm.
That’s the approach RESCO has taken, increasing our utility product inventory by over 70% in the past 12 months alone. We’re pleased to report that, as of the writing of this article, our inventory stands at over $42 million — an all-time record high for RESCO.
And thanks to our strong relationships with our manufacturer partners and our dynamic Purchasing Department, we’re also able to pivot quickly and obtain additional quantities of specific products when needed, such as when severe weather impacts your service area.
This record amount of inventory is much more than just a number. It’s an assurance that your utility has access to the materials, supplies, and equipment that you need, when you need it. Utility operations–whether it’s regular maintenance, storm-related repairs, or ongoing projects–cannot wait for better market conditions to develop or for the supply chain to normalize. That’s why we take pride in our ability to provide reliable availability and prompt delivery of products you need.
We thank you for your partnership with RESCO and look forward to continued growth of our relationship with your utility.