Remington weathering supply, forex challenges – Post Courier
BY MELISHA YAFOI
The Remington Group is managing its foreign exchange requirements very closely, and ordering sufficiently well enough to meet its demand for imports.
Group chief executive officer Peter Goodwin said this when queried about demand for toner and how the business is managing to survive with the current low forex supplies in the market.
“As for foreign exchange supplies, we are managing our group businesses cash flow well and ordering foreign exchange in advance in order to meet demand for the import of machines, parts and supplies.
So far, we have not been seriously impacted by forex shortages, because we plan our import requirements very carefully,” he said.
“However, our Group businesses are no different to the many others in PNG severely impacted by the Porgera mine closure, and the failure to bring other important export earning projects on line.
“We are doing our very best to conduct our business as usual, 100 per cent PNG owned, we’ve been around in one form or another since 1948, and the commitment of our well known local owner, our management and employees to PNG and our many customers is as strong as ever.”
Mr Goodwin said that the current supply chain challenges being experienced here, and globally,are a result of COVID-19 lockdowns, the war in Ukraine and shipping delays.
This has forced the group to apply strict rationing of toners to meet the unprecedented levels of election-related demand for machines, toners, parts and other print supplies in PNG.
He said Remington Technology, PNG’s only approved Konica Minolta dealer, had not been immune to these shortages, despite several months of careful planning and has been working extremely closely with Konica Minolta Australia to try and maintain a supply of all products by increasing regular orders to ensure there is sufficient stock.
The company has been air freighting scarce toner supplies instead of shipping, as one measure to ensure supply is available for our customers when they need it, but when toners are not being made, there is obviously little that can be done, despite the most careful strategic planning.
A recent delay was a result of an Air Niugini 767 that was involved in a bird strike which caused airfreight delays of two weeks, and this only further exacerbated toner supply shortages.
But the company maintained that it has been flexible and resilient during these difficult times.
“We are managing to keep our loyal customers supplied. Of course, some businesses have decided not to support local PNG businesses and have bought machines offshore.
Remington Technology will always place its local contracted customers first when supplying service, parts and toners.
“Unfortunately, for those not on contract, or who made the business decision to buy from overseas, we can only supply them after we provide for the needs of our contracted customers first,” Mr Goodwin said.