Another step we have taken is to adopt unbranded recyclable packaging. Whilst most of our packaging is already recyclable, by removing the branding we have made it more reusable too. Customers can now use the boxes we send them to forward goods to their end customers without featuring Anglia branding on their shipment.
Importance of growth A growing business with an expanding customer base can afford to invest in its inventory, people and customers, driving further growth. One of the major growth initiatives by Anglia at the start of 2024 is bringing the Anglia Live eCommerce platform to Europe, following a major investment in our logistics infrastructure and website. In the past 5 years we have
consistently grown faster than the market by offering exceptional service and stock levels. We aim to replicate this model in Europe via our Anglia Live service. Anglia can compete on price, availability and delivery with anyone in the market, and we have identified there is a gap for a Europe-wide digital distributor offering a competitive service from locally held inventory. Invited by major franchises to bring our service to Europe, it was an opportunity we simply could not say no to. We invest heavily in inventory supported by smart AI algorithms which have been developed by our team of in-house software engineers. Now customers throughout Europe can experience the benefits of our approach. This move will very much benefit our UK customers too. We have invested £2 million in expanding the UK distribution centre and increased the overall inventory storage space by 40%. This enlarged inventory will be fully accessible to UK customers too, improving our ability to support them. By expanding our customer base, we will also generate more funds to invest in our business, further enhancing our service.
Customers in Europe will enjoy real-time visibility of inventory as do our customers in the UK. They can not only see live inventory but also inventory due in, which is not already committed – something which some competitors are unable to do. Other features are a comprehensive parametric search engine, industry standard cross-reference and all product change or termination notifications (PCN / PTN). Products have full lot traceability back to the manufacturer’s pack, even in broken pack quantities such as cut tape and ready reel formats.
Conclusion We’re expecting 2024 to be another challenging year for the industry, because weak consumer demand will most likely outweigh any growth seen in other sectors. Although next year is likely to be tricky for many, the investments we have made in our business give us confidence that Anglia is well positioned to support our customers’ needs. By working together and planning together, we are confident that we can continue keep you supplied with the inventory you need for your production in 2024 as we did in 2023.
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