Latest News

Implications of Going Out of Stock

February 19, 2021 3:25 pm

Whichever type of industry you are in, not having stock available for your customers
can be frustrating, but the implications are much bigger than you think.

We have all been there as consumers, in a shop or online and the product/item you want is
either out of stock or not available. In the food industry, this could affect customer purchase
patterns and their loyalty.

Research has found that on average it takes 9-10 days to recover search placements when a
product is out of stock for 2 or more days.

The analysis also showed that brands lose, on average, 62% of their sales when stock rates drop
below 30%, versus sales at a 90% in-stock rate.

It is a balancing act for any business with how much storage space they have for their chilled/frozen
products. You have to consider many factors, having too much space can be a waste, not having enough
space you will struggle and possibly have to right stock off.

An alternative solution would be to look at temporary refrigerated storage, which can help with
any sudden increase in demand you might have. Start with one and increase as you need, a lot
cheaper and quicker than any capital outlay for building additional cold storage.

Whatever you do, it is clear that you need to resolve your out of stock issues fast.

Seven Refrigeration are Portable Cold Storage specialists with vast experience in supplying Refrigerated
Containers across the United Kingdom, especially when it comes to urgent requirements.

Seven can supply 20ft or 40ft Cold Storage Container solutions on a short or long term hire basis. Delivered
directly to your site to support your operation and increase your storage capacity. We can offer flexible
hire terms dependent on your requirements.

Call us to discuss your solution on 01473 261780 or email sales@sevenrefrigeration.co.uk

Tags: , , , , , , , , , , , , , , , ,

Categorised in: