New Product Development
As inflation and prices for everyday items continue to rise, and the Covid-19 pandemic continues to have repercussions, consumers are looking for ways to save money. This includes choosing the DIY option for home improvement projects and opting for smaller, more affordable tool sets.
Diversitech Global has designed a series of compact tool sets that are both budget-friendly and high-quality. They fit the bill perfectly for anyone looking for lightweight, easy-to-store tools that they can grab and go.
Standard and small-size versions of DIY hand tools were carefully integrated together with clever placement in tool blow-mold casings. This resulted in overall reduced item package sizes and weight comparable to a paperback book.
These tool kits come with a multitude of diverse tools, such as wrenches, screwdrivers, and pliers, that can tackle an array of projects. By creating compact sets focused on different aspects of Do-It-Yourself applications, retailers are able to provide attractive and affordable options to their customers.
The compact form of these sets provides supply chain advantages for stores and suppliers, such as lower shipping expenses, inventory, warehouse space, and optimum usage of restricted shelf and display space.
A recent cost-cutting method that has supermarket shoppers up in arms is “Shrinkflation,” where household brands surreptitiously reduce the size or volume of their product, for example, chocolate bar or potato crisp snacks, but keep the price tag the same.
Diversitech Global hasn’t let this challenge stop them – they’re using it to their advantage in the tool industry. Their compact DIY tool sets are designed to be smaller, more lightweight, and easier to handle yet still retain high quality and offer value for money to cost-conscious consumers.
New Warehouse Upgrades
Diversitech Global has expanded and upgraded its Hangzhou, China warehouse facility, which is approximately twice the previous size. The firm’s new headquarters are in the southern industrial zone of Xiaoshan district, within easy access to Hangzhou City center in Zhejiang Province.
The newly expanded warehouse site is made up of three buildings: the main office building and two warehouses. The main office building measures 800 square meters and has four floors. Building two, which is 2000 square meters and has four stories, houses the QA/QC departments, component supply, and packaging as well as pick and pack operations. The finished good storage facility is 2500 square meters and stands at 10 meters in height.
The completion of these warehouses is intended to provide better customer service to retailers since there will be more room on the premises. A larger facility will allow for greater growth as well as a smoother shift in production lines. In addition to the benefits of the new building, this relocation will cut costs and improve accessibility to local providers.
Diversitech Global can now more easily track, forecast, and analyze trends relating to tool manufacturing in China, pan-Asian networks, and beyond, thanks to recent updates in chain-supply management application software and improved departmental integration.
Both these new product developments and warehouse upgrades are seen as an important step in the company’s strategy to continually improve the services it can provide for its retailer clients across the globe as demand for its private label manufacturing services sees year-on-year growth despite economic pressures.
About Diversitech Global:
Diversitech Global is a leading supplier of private-label tools. Having completed work for global retailers, including Fortune 500 companies, products will be designed by experts who understand what it takes to get a successful brand out into the market. Taking an idea all the way from production to final packaging, including branding or even helping with marketing materials.
They have a network of joint-venture factories that manufacture with the latest equipment for assembly processes and are committed to world-class supply chain management with their partnered sources and suppliers.
