Specialist packaging manufacturer GWP Group has opened a third warehouse at its site in Cricklade as part of its Brexit contingency plans.
GWP Group, which designs and manufactures packaging solutions for local, regional and international companies, will ensure Just in Time deliveries to its customers can be fulfilled. The new warehouse increases the firm's storage capability by 20 percent.
The warehouse provides space for an additional 950 pallets - for the storage of finished packaging products - which GWP hold on behalf of their customers.
James Pedley, operations manager at GWP Packaging said: “One of our key services is to hold our customers stock, and to supply it to them on a ‘Just in Time’ basis.
"This frees up their warehouse space, reduces their associated costs, and also allows us to monitor stock levels and manage peaks in demand for them too.
“Around 80 percent of our customers have us manage their packaging inventory for them, and with continued growth over the last 24 months, we have needed to increase our storage space in order to maintain the success of this service.”
Managing director Ruth Cook added: "“Many of our customers are nervous regarding the uncertainty of Brexit, and what it could mean for supply of goods and services – including packaging – to their business.
"One of the steps we are taking is to increase our buffer stock of raw material and finished product, and the additional space provided by the new warehouse will be a great help with managing this.”
The opening of the new warehouse has closely followed the purchase of new manufacturing equipment at both of GWPs’ sites in Cricklade and Salisbury, with more than £1.1 million being invested by the company since 2015.
The company, which employs 100 people at sites in Cricklade and Salisbury, saw turnover increase 11.8 percent in the 2017/18 financial year, following growth of 8.9 percent in the previous year.
“The last 18 to 24 months have seen phenomenal growth across all areas of our business. This is why we have taken a proactive approach to ensuring we have the machinery, facilities and people in place to meet the increased demand for our products and services,” said Ruth.