Recent supply chain disruptions and the market shift from Internal Combustion Engines (ICE) to electric vehicles could be a cause of concern for small manufacturers like Team 1 plastics, a plastic injection molding company for the transportation industry. “There is a lot of stress out there in the supply base,” explains Team 1’s President and Co-owner Craig Carrel. Despite these uncertainties, Team 1 takes pride in their ability to “stay ahead of the curve” and is confident in their strategic planning when staying prepared for an unpredictable future. “We are currently performing at the best level we ever have,” shares Carrel. In fact, Team 1 recently set a sales record for the month of August; their best month since the company began business in 1987.
In addition to record-setting sales, Team 1 Plastics has received transfer work from two of their existing customers: Magna and I I Stanley. The transfer work from Magna has been awarded and is waiting on arrival, while the work from I I Stanley has been coming in for over the past 18-24 months, with the most recent work arriving at the end of September. According to Team 1’s Plant Manager Dave Sanford, “I I Stanley chose Team 1 for their transfer work because we’ve done business with them for over 30 years. One of their suppliers is getting out of automotive and they do not have the capacity internally to run these parts.” This additional work is one of the reasons Team 1 had to obtain a larger, 450-ton molding machine in September of 2021.
Consisting of both lenses and brackets, the transfer work “adds sales immediately, instead of waiting 12-24 months to start producing parts,” explains Sanford. “It is also nice to have lenses because these are required for vehicles that are also non-ICE.” When asked about the transfer work and how it came to be, Team 1’s President Craig Carrel responded. “We weren’t planning on the work, but it is one of those things that we talk to our customers about. They feel confident to give us transfer work because we will make it with better quality, delivery, and service. I also think there is a lot more work out there to be awarded.”