Supply Chain Disruptions
With the blockage of the Suez Canal in March of 2021, the world became fully aware of the commercially detrimental effect supply chain shortages have had on the global economy. Nearly $10 billion worth of imported goods were massively delayed causing a cascade of product shortages that have only worsened over time and are expected to negatively impact the holiday retail business.
Fathom is addressing this threat to productivity and revenue generation by fully leveraging over 25 in-house manufacturing services across 12 nationwide manufacturing sites to allow our customers to consolidate and simplify their supply chains. Our broad set of manufacturing capabilities eliminates the need for customers to source parts across many single process suppliers or adhere to design constraints imposed by manufacturing brokers. Since 1984, Fathom has been on the cutting edge of manufacturing pioneering new processes to propel product innovation forward while consistently investing in the latest technologies.
A recent Wall Street Journal article, “CFOs Lower Growth Expectations for 4 of 6 Key Metrics”, sites pressure on CFOs “to grow their organizations and deliver products and services in a timely manner amid supply chain disruptions. In fact, 44% say supply chain disruptions have increased their costs by 5% or more, with 60% saying shortages and delays have already reduced 2021 sales or will do so by year-end.”
Customer Case Study // Preventing Line Down Situation
“Unplanned downtime in manufacturing is one of the largest causes of lost productivity, causing delays, unhappy customers and lost revenue. In fact, the problem costs industrial manufacturers an estimated $50 billion each year, according to recent studies.”-Forbes.com
Fathom understands that many companies are experiencing supply chain-related delays, but that doesn’t have to be the case. Fathom can provide quick turnaround low-to-mid volume production parts to prevent costly line down situations.
Fathom’s speed, engineering expertise and comprehensive capabilities kept a leading recreational vehicle manufacturer from going into a line down situation. Their international supplier was not able to produce two critical vehicle components, so Fathom stepped in to provide a high-quality domestic manufacturing solution while successfully navigating PPAP in 2.5 weeks to deliver the needed parts.