The plastic manufacturing business is more competitive than ever. Many retail companies get aggressive on their retail prices in this product category, and this puts a lot of strain on manufacturers to cut costs. In addition, resin prices are higher than a year ago. Many manufacturers operate on thin margins, and any increase in raw material prices puts a strain on the industry. Some companies find savings in sourcing plastic parts that are of inferior quality. This works momentarily, but over time it is important to source quality plastic parts for your business.
When looking to source plastic parts, the supplier reputation is one of the most important aspects of your decision. If you choose between two suppliers with similar cost, reputation is often the deciding factor. There are ways to save money on importing parts directly from a factory overseas. However, there are also risks in this decision. Not only does quality tend to fluctuate, but you also have supply chain issues to deal with. Finding a quality local source that is low on price is often the best solution.
When sourcing any product, you must compare samples of the product that you are looking at. In the plastics business, inferior parts and manufacturing will not lead to success down the road. Customers today recognize the value in quality construction and parts on their plastic items. Although resin prices are higher than this time last year, cutting costs on your plastic parts is not the place to gain back profits. Our business specializes in highly technical plastics manufacturing. We are happy to help anyone in our industry who needs our expertise or production.