Monday, November 17, 2014 10:57:10 PM
Another q which I would have liked to get answered is - As the company grows with more orders, products and qnty's, they're going to have to find more factories to fulfill the orders. They can't continue to just have an increasing backlog using the current factory. I'm in business and I'm sure this won't be the 1st time that the company has to give up certain profits to fulfill an order or to make the deal happen. Most often, giving up part of the profits is like a handshake to solidify future business.
The backlog is ok for dated and FOB orders but the problem of increased costs is going to have to be resolved with more factories. I hope that as they're working on all of they're corporate visions that they also begin to source out new factories and new component suppliers to avoid having to pay another round of excess costs.
Glad to hear that they're expanding into new markets too.
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