MDS expansion and integration on track
Summary
Despite the positive headwinds in prior times Boothe cautioned shareholders due to the current logistics challenges which continue to impact the group. As a matter of fact, we can place an order but we cant receive the goods before February or March of next year — and this is just because of the shipping costs from the far East," Boothe explained on the nearshoring which is occurring by some manufacturers that still face difficulties in providing products to their clients. This has been a general trend facing many listed manufacturers and distributors who have cited the need to keep additional months of inventory on hand to account for these disruptions. Boothe noted that the company is very selective about which brands it adds for its consumer and medical divisions as it tries to ensure that the quality standard remains of the highest degree. Were now faced with [the] largest companies in Jamaica as our competitors," Boothe closed on the groups transition into a larger distribution business over the years.