Further Investment at GWP Group.
New warehouse allows for increased capacity & ongoing Brexit contingency planning
GWP Group has recently invested in a third warehouse at our site in Cricklade, Wiltshire, increasing storage by twenty per cent.
The new 10,000sq ft. unit was completed on November 20th this year, and complements the existing 65,000sq ft. across two units already on the site.
The new warehouse will help manage the supply and distribution of packaging products to GWP’s customers in the South West, whilst supporting the company’s continued growth throughout the region and beyond. It will also prove invaluable in terms of contingency planning for Brexit.
Growth of Just In Time Supply
The warehouse provides space for an additional 950 pallets – for the storage of finished packaging products – which GWP hold on behalf of their customers.
James Pedley, Operations Manager at GWP Packaging said:
What is JIT?
JIT – or Just In Time supply – is basically an inventory management service offered to customers of GWP.
It effectively works through an agreed stock level of your packaging being held at GWP, ensuring you can order on exceptionally short lead times, free up storage space and ensure your business will not run out of stock.
There are number of reasons why there has been a growth in the demand for a fully managed inventory (also known as VMI, Kanban or JIT), besides the organic growth that GWP has seen over the last 2 years.
The service is perfect for any business that encounters high costs associated with the storage of their packaging supplies, has difficulties with forecasting that leads to stock outages on transit packaging, or would simply like to reduce the admin of continual re-ordering.
Brexit Contingency Planning
Besides helping to maintain the success of the JIT service, the additional space will also help with another pressing concern – that of planning for Brexit.
The warehouse will be used for helping to store buffer stock of both finished packaging products and raw materials, to minimise disruption if certain Brexit outcomes are realised.
Ruth Cook, Managing Director at GWP commented:
For further information of GWP’s Brexit preparations, you can download a copy of our Brexit statement by clicking here.
Further Investment & Growth
The opening of the new warehouse has closely followed the purchase of new manufacturing equipment at both of GWPs’ sites in Cricklade and Salisbury, with more than £1.1 million being invested by the company since 2015.
Last month, GWP announced another successful year of trading with a continuing strong increase in turnover and new business. The Cotswold and Wiltshire-based manufacturing company saw turnover increase 11.8% in the 2017/18 financial year, following growth of 8.9% in the previous year.
Press Coverage of the Opening
The opening of new warehouse has also been covered in a number of local and business publications throughout the region, including the Swindon Advertiser, The Packaging Portal, Business & Innovation Magazine and Business Biscuit (to name a few).
To request a copy of the original press release, please email email@example.com.
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If you would like further information on the growth, investment plans or indeed anything else going on at GWP Group, please visit the News section of this website by clicking here.