2017 is proving to be a busy year for GPC! What a difference a couple of years can make. We consider many factors in determining current business levels and planning for the future.
Rig count is a major factor that affects our business, and one that we track on a regular basis. According to RigData.com, the United States rig count grew 107% from April 2016 to April 2017. We are currently supporting 971 rigs in the US which is up 502 compared to this time last year. As you can imagine, this rapid turn does not allow for proper preparation and planning throughout supply chain and manufacturing. Our business has increased since January, and we are working to scale our business to accommodate the rapid influx of work.
Our focus is currently on:
- Priming supply chain
- Operating in lead time
- Hiring necessary personnel
- Implementing new manufacturing schedules
- Improving manufacturing efficiencies
- Setting up safety stock
- Communicating regularly with our customers
In addition to these items, our state of-the-art facility, which was built in 2013, has the capacity to handle this growth. We appreciate your business and are committed to taking action and finding the best solutions to meet all of your needs.