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Best Inc   (BEST)
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Best Inc's Suppliers Performance

BEST's Supply Chain

 
BEST Costs vs Sales of Suppliers Growth Best Inc's Suppliers recorded an increase in sales by 14.12 % year on year in Q4 2022, from the previous quarter, sales fell by -12.68 %, while their net profit margin fell to 2.04 % year on year, compared to the previous quarter Best Inc's Suppliers had a lower net margin at -12.68 %,

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Best Inc's Suppliers recorded an increase in sales by 14.12 % year on year in Q4 2022, from the previous quarter, sales fell by -12.68 %, while their net profit margin fell to 2.04 % year on year, compare to previous quarter BEST's Suppliers had lower net margin at 2.04 %,

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  News about Best Inc Contracts



Best Inc's Comment on Supply Chain


Major raw materials required in the manufacturing processes for our packaging products include petroleum-based resins and mixing chemicals, which are primarily supplied to us by large chemical companies. For these raw materials, we generally maintain purchase contracts for a period of up to six months. However, for many other materials, we can generally choose from multiple producers and such orders are placed on an “as-needed” monthly basis.

As all BOPP film is petroleum based, the effects of any short-term fluctuations in the price of oil will be averaged into the earnings over the period due to the cyclical nature of production, inventory and sales. Any long-term increases in the price of oil will have an adverse impact on our earnings. However, as there are currently no synthetics or substitute materials available in the market, management believes that any long-term increase in the price of oil will be made up for by an increase in sale prices by all film producers.

The base materials for many of Shiner Industrial’s products are derived from petroleum. Approximately 34% of the raw materials for Hainan Shiner’s BOPP tobacco film operation are imported from multi-national chemical companies such as Sumitomo Chemical Co., Ltd. In contrast, only about 4% of the raw materials for our coated films are imported because the current base BOPP film can be supplied through qualified domestic suppliers in China. All of the raw materials for our color printing operations are purchased domestically in China. There are numerous suppliers for these raw materials. We generally select a supplier based on the best combination of quality, price and service. There are no raw materials used in our color printing production process that are provided by any sole supplier.

BOPP is a major raw material for our flexible packaging films; our new BOPP film line produces sufficient basic BOPP film to satisfy our coated film production needs.


Best Inc's Comment on Supply Chain


Major raw materials required in the manufacturing processes for our packaging products include petroleum-based resins and mixing chemicals, which are primarily supplied to us by large chemical companies. For these raw materials, we generally maintain purchase contracts for a period of up to six months. However, for many other materials, we can generally choose from multiple producers and such orders are placed on an “as-needed” monthly basis.

As all BOPP film is petroleum based, the effects of any short-term fluctuations in the price of oil will be averaged into the earnings over the period due to the cyclical nature of production, inventory and sales. Any long-term increases in the price of oil will have an adverse impact on our earnings. However, as there are currently no synthetics or substitute materials available in the market, management believes that any long-term increase in the price of oil will be made up for by an increase in sale prices by all film producers.

The base materials for many of Shiner Industrial’s products are derived from petroleum. Approximately 34% of the raw materials for Hainan Shiner’s BOPP tobacco film operation are imported from multi-national chemical companies such as Sumitomo Chemical Co., Ltd. In contrast, only about 4% of the raw materials for our coated films are imported because the current base BOPP film can be supplied through qualified domestic suppliers in China. All of the raw materials for our color printing operations are purchased domestically in China. There are numerous suppliers for these raw materials. We generally select a supplier based on the best combination of quality, price and service. There are no raw materials used in our color printing production process that are provided by any sole supplier.

BOPP is a major raw material for our flexible packaging films; our new BOPP film line produces sufficient basic BOPP film to satisfy our coated film production needs.



BEST's Suppliers Net profit fell by BEST's Suppliers Net margin fell in Q4 to
-77.25 % 2.04 %


Best Inc 's Suppliers Sales Growth in Q4 2022 by Industry

Suppliers from Chemical Manufacturing Industry -27.23 %   
Suppliers from Conglomerates Industry      6.11 %
Suppliers from Oil & Gas Integrated Operations Industry      14.86 %
     
• BEST Suppliers Valuation • BEST Suppliers Mgmt. Effect.





BEST's vs. Suppliers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Best Inc 892.32 1,122.79 -217.96 393
Ashland Inc 5,236.21 2,191.00 178.00 11,000
Calumet Specialty Products Partners l p 1,107.83 4,202.70 362.70 2,000
Conocophillips 153,930.13 56,141.00 10,957.00 9,900
Chevron Corp 296,720.60 200,949.00 21,411.00 42,595
Honeywell International Inc 137,107.97 36,662.00 5,672.00 99,000
Ingevity Corporation 1,695.96 1,691.90 -5.40 1,500
Sunoco Lp 6,444.56 23,068.00 824.00 22,500
Trecora Resources 231.52 301.32 8.99 310
Valero Energy Corp 60,515.50 144,766.00 9,149.00 9,813
Valvoline Inc 5,769.80 1,483.50 1,369.70 5,150
Exxon Mobil Corporation 470,843.91 344,582.00 37,354.00 63,000
SUBTOTAL 1,139,603.99 816,038.42 87,280.99 266,768


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