Stationery and Office Supplies puts expansion plans on hold
Stationery and Office Supplies is in the business of selling high-quality stationery and office furniture.
Stationery and Office Supplies Jamaica Ltd (SOS) has placed expansion initiatives, including plans to increase Caribbean business for the company on hold as a result of the coronavirus (COVID-19) pandemic.
Allan McDaniel, Deputy Managing Director of Stationery and Office Supplies said COVID-19 began affecting the company in February when issues with suppliers in China started to impact the volume of imported goods.
He noted, however, that SOS has sufficient inventory to sustain operations for the first quarter of the year.
In a company release last Wednesday, the McDaniel said after ending 2019 with its “highest-ever revenue haul,” it was now looking to taking the “necessary precautions to maximize the full capacity of the resources they have on hand to secure business continuity during this time.”
Allan McDaniel, Deputy Managing Director of Stationery and Office Supplies
Under COVID-19 conditions, McDaniel said, businesses have had to change their sales and acquisitions strategies to meet the new needs of the marketplace.
“With COVID-19 limiting the economy, this has been a challenge that I am confident we will overcome,” McDaniel stated.
The company said it has implemented changes including cutting prices.
“In light of the coronavirus (COVID-19), SOS has had to undergo changes to its operations to ensure it continues to provide services for their clients as best as they’re able to,” McDaniel said.
The manager outlined that SOS has been affected by work-from-home measures.
‘COVID-19 rapidly changed the business landscape in Jamaica - specifically with the enforcement of work-from-home measures for non-essential workers. This had a direct impact on SOS’ operations, as it meant there were fewer orders from their clients as their employees no longer occupied the shared spaces that housed their operations,” stated McDaniel.
Also, he said, this would decline the timeline for plans of growth within the business process and outsourcing (BPO) sector that would also affect sales.
SOS has been affected by work-from-home measures
“The current unprecedented downturn in the economy is being felt by all, which is why we have put measures in place to support our current clients and cut prices across the board to do our part to support businesses,” McDaniel said.
He stated, “While the reopening of the economy fast approaches and the reopening of schools is on the horizon, we are certain that we will be able to realign with some of the objectives we set at the beginning of the year for the business.”