Winning Brands Corporation (WNBD)

[lbdave]

Jun 20
Update: Ghana
Uncategorizedby Eric Lehner

.Inventory control, throughout the distribution system, is key to accuracy. When shipping volumes increase, it will be a serious matter to know who has what, where, when and why. Accordingly, even in these early days of our export activity, photo-documenation is being created to establish a record. For example, we were glad to see that when our first commercial shipment cleared customs in Ghana, the goods arrived in perfect condition. These warehouse pictures, taken recently near the container terminal at Tema, serving the capital of Ghana, Accra, provided us with verification of the shipping resiliance of our cargo. Our agent in Ghana reports that much of this cleared shipment is already spoken for amongst customers, so that a replenishment order is required immediately. Presently, to this destination, we are limiting LTL load sizes to approximately 600 gallons at a time to prevent inventory accumulation on the receiving end and to manage risk. Container traffic has become routine between principal ports today, making it not much more complicated than sending goods on a long truck ride. It just requires good forecasting. In the meantime, good internal controls are being developed.