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ERIC BEASLEY COMPANY

RELEASES 2021 - 2023 BUSINESS STRATEGY


Eric Beasley Corporation releases 2021 - 2023 business strategy outlining upcoming innovation and development.  Also shows current financial standing and performance.  

Business strategy also has an assessment of the company and explains Eric Beasley Corporation's market strategy.





Publish Date: February 1st, 2021





ERIC BEASLEY COMPANY

VAT POLICIES UPDATE IN EU   

Orders made in EU countries have been delayed due to a change in VAT policies.  All orders made between July 12 - July 20th have been delayed until July 22nd which orders will resume regular shipping times.


Publish Date: July 10, 2021





ERIC BEASLEY COMPANY

INCREASE IN RETAIL SALES    

Orders made by retailers have increased by 41% since January 1st, 2021.  Heavy hitters causing this jump in retail sales are in Europe Canada and the United States making wholesale sales shift from 23% of Eric Beasley Corporation's total revenue in 2020 to wholesale sales making up 59% of Eric Beasley Corporation total revenue in 2021.  This increase in sales has caused an increase in total revenue significantly allowing an increase in the following departments; product development, supply chain, and labor.  Eric Beasley Corporation growth is healthy and looking at a promising future.


Publish Date: August 11, 2021





ERIC BEASLEY COMPANY

INCREASE IN PROFIT, HOW IS IT BEING USED?   

There has been a strong increase in revenue during Eric Beasley Corporation 2020-2021 fiscal year, due to an increase in revenue profit has risen 68%.  Due to the large profit increase, Eric Beasley Corporation has reinvested profits back into the company, increasing spending in the following departments; product development, supply chain, and labor. 

Increased spending in product development has allowed Eric Beasley Corporation to be more eco-friendly, sustainable, and efficient when manufacturing products.  Increased spending has also allowed Eric Beasley Corporation to design and produce new eco-friendly products for the current and future of the company.  Eric Beasley Corporation has increased labor spending by increasing employee salaries and increasing commissions paid to contractors.  Increased spending in the supply chain department was a must for Eric Beasley Corporation due to Covid 19, Eric Beasley Corporation had to put money towards shipping and logistics to fight off slow shipping times, therefore, keeping the customer happy and satisfied.  Shipping is still an issue that Eric Beasley Corporation is trying to solve.


Publish Date: August 20, 2021





ERIC BEASLEY COMPANY

INCREASE IN DONATION SPENDING    

Eric Beasley Corporation revenue has increased which caused an increase in profit for the company, the company has decided to spend some of the profit on donations.  Donation spending has increased by 20% which go towards the organizations that put people and the earth first.  Eric Beasley Corporation while donating to organizations that align with their values, also support the organizations partnered with the company such as the World Health Organization.


Publish Date: September 7, 2021





ERIC BEASLEY COMPANY

MINIMUM WAGE INCREASE    

Eric Beasley Corporation has raised minimum wage for its employees twice this year, minimum wage was raised to $15, and again in September of 2021 raising minimum wage to $17.  Eric Beasley Corporation has risen minimum wage due to a increase in revenue and to attract more employees which are in high demand.  Another thing Eric Beasley Corporation has done to attract employees are by updating benefit plans, higher pay and benefits are what employees are looking for today.


Publish Date: October 26, 2021





ERIC BEASLEY COMPANY

VARS    

VARS head of supply chain has announced that partners for VARS and its subsidiary has been chosen, VARS head of supply chain also stated equipment and utensils required for their restaurant and agriculture facilities will cost less due to smart sourcing which allows equipment and utensils to more efficient and open to variations.  Franchisees will pay less and have more wiggle room when deciding on a location due to smart sourcing.   


Publish Date: November 29, 2021


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