Sunday 20 September, 2020

Stationery and Office Supplies pivots product offerings for 2020

Stationery and Office Supplies Limited's 2020 Annual General Meeting was held in the company's newly completed warehouse, which has been outfitted with the company's newest product offering- industrial racking. Pictured are David Charles Plant, Financial Controller (left) and Allan McDaniel, Deputy Managing Director.

Stationery and Office Supplies Limited's 2020 Annual General Meeting was held in the company's newly completed warehouse, which has been outfitted with the company's newest product offering- industrial racking. Pictured are David Charles Plant, Financial Controller (left) and Allan McDaniel, Deputy Managing Director.

Stationery and Office Supplies Limited (SOS) is aggressively seeking to land some $1.35 billion in revenue by year end and reckons that its new line of industrial racking should assist the company in achieving the desired results.

In 2019, has recorded outstanding financial performance for 2019 of over $1.2 billion in revenues and a 60 per cent increase in pre-tax profit with plans to grow its bottom line even further for 2020.

But the outbreak of COVID-19 has thrown projections off for the company.

“Since Jamaica’s first case of COVID-19 in March, the country has faced an economic slowdown as we have all had to shift our focus to what must be done to face COVID-19. SOS had to shift with these new daunting times ahead of us,” Allan McDaniel, Deputy Managing Director & Director of Warehousing & Logistics, said during its annual general meeting recently.

Nonetheless, McDaniel reassured shareholders that the company will continue to adapt to the changing times and notes that the opening of its new warehouse on Collins Green Avenue in Kingston, should assist in fast-tracking the company getting back to normal profitability.

Samples of some of SOS' new product offerings, including acrylic screens and plastic chairs, were featured in SOS' new warehouse, that doubles as a showroom.

The new warehouse is one of the ways that the company intends to achieve continued growth despite the continued economic threat of COVID-19. Through this, SOS will continue its mandate of ensuring it has the largest inventory in Jamaica, and ultimately ensuring that they are able to meet client demands.

In line with the expansion of warehouse, McDaniel also spoke to the addition of industrial racking to SOS’ product line, along with its pivot into retrofitting client’s space to ensure adherence to the best health and safety practices.

These include acrylic screens built to customers’ specifications, vinyl and plastic chairs, sanitation products and home office units with its own built in storage.

SOS is now in the business of industrial racking, but only services clients with products that facilitate weights of up to 1,500 pounds. The new line of industrial shelving has a storage weight capacity of 5,000lbs and comes with uprights that can go as high as 36ft.

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