Ralf Schwartz, CEO, Lackwerke Peters GmbH & Co. KG

Vexos has its customer base in a niche, targeted industries and believes in maintaining long-term relationships with its customers. Our approach towards our customers is highly proactive, responsive, and flexible.

We have a dedicated team of professionals across all the verticals to serve our customers to help them manage and grow their businesses. Vexos managed the supply chain situation well last year by being proactive. We notified our customers about the shortage and planned ahead of time by working with them on the forecast. We developed strong sets of independent distributors to minimize the risk of going to the open market.

The component market is still struggling with increasing prices and long lead times averaging about 50 weeks for specialty and high-end component parts and will continue to remain like this till 2nd half of 2023.

Proactive analysis of BOM and Strategic Inventory Model with customers for any obsolescence and addition of any new parts was guided to them early in the design phase for their market launch. In conjunction, we provided the engineering tools for their product lifecycle and market lead time perspective. We continue to follow a similar approach in 2023.