Inflation and supply chain issues have caused challenges to greenhouse growers in recent years. Growers need to be prepared and ready to adapt in a changing world. Maintaining a supply of materials, from seeds and fertilizers to pots and irrigation equipment, has become increasingly difficult. Growers must adapt their replenishment strategies to ensure they can be successful. Here are some practical tips to help:
Diversify Your Suppliers
Reduce the risk of not being able to get supplies by increasing your suppliers. Find several suppliers, both local and international, to ensure you have sources if one supplier faces delays or price hikes.
Increase Inventory When You Can
If you have the space to store supplies and can afford it, purchase the supplies you need to run your business. This will help you if there are supply chain disruptions. Stock up on non-perishable items and essential supplies.
Utilize Technology for Inventory Management
Streamline your inventory management. This allows growers to make informed decisions about replenishment, ensuring that they maintain optimal stock levels. By having accurate data at your fingertips, growers can make informed decisions.
Build Strong Relationships with Suppliers
Know who to contact if you need help. Communicate with your suppliers about your needs and challenges.
Make a Backup Plan
Develop a plan if there are supply chain disruptions. Identify critical supplies and create a backup plan for ordering them. Consider finding alternative suppliers, ordering extra nonperishable supplies, or finding substitute materials that can be used if you can’t get your normal items.
Be Informed
Keep informed about economic changes, supply chain issues, and inflation. Be ready to adapt to a changing market. Subscribe to industry newsletters, attend trade shows, and participate in professional networks to be informed.
Conclusion
Growers who adapt their replenishment strategies can mitigate their impact on their greenhouse or nursery operation. Diversifying suppliers, increasing nonperishable supplies, utilize technology, and build strong supplier relationships are just a few ways to ensure you have the supplies you need to thrive. Stay proactive, plan for contingencies, and keep informed to navigate these uncertain times.
Courtesy Kara Roberson, Advanced Grower Solutions