Similar to many conferences today, the first-ever virtual Petfood Forum has just concluded and we learnt that our furry friends play an ever so important role in today’s isolated and virtual world!
The Twin Rivers Technologies Blog
Fun Fact: September 2nd is World Coconut Day. To celebrate this day, we decided to take this opportunity to discuss a line of Twin Rivers Oleochemical products that are made exclusively from Coconut Oil.
Recently Twin Rivers Technologies launched our 2019 Sustainability Report as well our newly designed Sustainability section of our website. Here are a few highlights to get you started. See below for links to our full report and website.
Due to production capabilities and market trends that result in a disconnect between supply and demand, there are times when Twin Rivers Technologies products' are in tight supply and must be put into what we call allotment. Our allotment system allows the commercial team to control flow of product based on production capabilities to our forecasted customers and potentially any unforecasted business that customers may inquire on.. Our allotment is a strategy that we have implemented on the product supply side that can provide consumer confidence to our partners who depend on pounds showing up to stay in business.
At Twin Rivers, we pride ourselves on living up to our commitments to our customers. We know how important it is for them to be able to count on the amount of product they need to keep their operations running. Without a proper system in place, it is feasible that a customer could come in and order well over forecast. If capacity is tight, there is a potential in this scenario that another customer who places orders later in the month may not have the product available. To avoid this, Twin Rivers puts any product in tight supply into our allotment process and our customer service team is a key part of working with our customers to confirm orders against forecast and commitments.
Covid-19 curve is starting to “flatten out”, as we all hope. States are opening back up but crude oil prices are still seeing historic low prices. Tallow availability remains uncertain despite President Donald Trump signing an executive order in April 28th, 2020 to keep meat processing plants open.