The 2020s have barely begun as a decade, but already, they have been marked by an abundance of global events. In a globalized economy, events such as COVID-19 have proven to be massively disruptive, upending shipping operations, grounding transportation, and placing workers in quarantine. These factors led to massive supply chain disruptions that in turn had a highly negative impact on production for many manufacturers deprived of raw materials. Bunting-DuBois is fortunate that even at the peak of the COVID-19 pandemic, our diversified magnet supply chain allowed us to avoid disruption and continue operations. Notably, Bunting-DuBois was able to supply critical magnets that went into ventilators and breathing devices to assist patients suffering from COVID-19.
Bunting-DuBois Maintains a Diverse and Stable Magnet Supply Chain
China is the world’s leading exporter of rare earth magnet materials, and many companies rely solely on China to source these materials. When the Chinese economy began to shut down as a result of COVID-19, many companies could no longer obtain critical materials for production. While China is the example in this situation, more recent political events in 2022 have further illustrated the risk of depending on any single region or supplier to source material. Natural disasters, global pandemics, and political conflicts can all severely disrupt supply chains and lead to major troubles for businesses.
From the very beginning, Bunting-DuBois has been committed to maintaining a diversified supply chain so as to avoid relying on any single source for our materials. Because of this, our operations were able to function as usual even during the most difficult moments of the pandemic. Additionally, because Bunting-DuBois is based in the United States, we were able to get product delivered to our customers promptly and without interruptions. Bunting-DuBois maintains a diverse and stable magnet supply chain that allows us to continue operations even during times of global economic disruption. Because of this, we are able to deliver high quality custom magnets and magnetic assemblies to customers in the many industries we serve, including automotive, medical, defense and aerospace, consumer, industrial, oil and gas, and many more. To learn more about Bunting-DuBois and our capabilities, contact us today.