Americans ushered in the 21st century with anticipation. For decades, science fiction entertainment mediums depicted the 21st century as a space-aged time for interstellar exploration and super-powered devices that did everything from redistributing matter to artificial intelligence. Americans use AI today, as do others around the world, but for a country bent on shaping the future into a science fiction fantasy, it has also grasped centuries-old healing methods now more than ever.
The National Center for Complementary and Integrative Health reports that those Americans who use alternative practices aka dietary supplements spend $30.2 billion on them annually. This has ushered in a new business niche: the supplement industry and many entrepreneurs take advantage of it. They choose private label supplements and create their own business around the sales of the supplements. Until they are big enough to expand into a pick and pack warehouse, they will stick to self fulfillment which can only be done realistically on a very small scale. The need for warehouse space suggests the demand for your product has risen outside of your garage, and a pick and pack warehouse can handle the added production quantity and facilitate additional growth.
To explain better, assume you have own supplement business and sell dried herb combinations. You pulled the cars out of the garage and turned it into your production and warehouse facilities. You buy your herbs from a trusted supplier and spend your days filling the capsules, bottling them, packing them, and shipping them to your customers. Right now, you don’t need a pick and pack warehouse because your business is small. But, it is growing and you find it hard to keep up with your orders.
Production aside, because this blog post is about using a pick and pack warehouse, as explained by Wikipedia, “Pick and pack is a part of a complete supply chain management process that is commonly used in the distribution of goods.” Whether small or large, and your business is small currently, a pick and pack warehouse receives your product from the manufacturer, breaks down the large boxes, sorts the product for redistribution to your customer base, and then repacks and ships it to fulfill your orders.
You can probably figure out how this service helps your business. You may start out as a one-person shop, but eventually, you will grow out of your one-person abilities, and you cannot do it all, nor should you try. Even though you’re a business owner, you must maintain a work-life balance to ensure you remain in good emotional, mental, and physical health, but you must also maintain a positive profit: loss ratio for your venture. How do you do both? How do you grow your business when it’s only you?
You could lease warehouse space and hire additional personnel, but you’ll likely find this option to be more expensive than you realize. The personnel alone will cost you salaries, benefits, and employment taxes alongside additional business insurance. A pick and pack warehouse facility employs its own people, which saves you a tremendous amount of operating capital, and when you utilize them to pick, pack, and ship your orders, you’re left with more time to manage and grow your business.
You noticed Ion Fulfillment in this post’s title and it’s there for a reason. Regulated by the FDA, the supplement industry must adhere to certain federal standards. The FDA does not evaluate the effectiveness of natural remedies, but it does issue rules surrounding production and labeling. Do you know what those rules are? Do you understand what a cGMP-certified, FDA-registered warehouse is? There is a good chance no; which is why you need an experienced pick and pack warehouse such as Ion Fulfillment.
Should you jump onto the supplement production bandwagon? The dietary supplement business is huge in the United States, and when you work with an experienced company in this industry, including for your logistics needs, you partner with a company that helps meet your current customer demand and growth with your future customer demand.