PCS Transparency Post - Warehouse Gems
The issue/question: Why are there so many warehouse gems/older products that are now available for sale?
Answer: This is actually a multi-tiered answer. This has happened for a couple reasons, but all comes down to one glaring issue. Product delays. Because of long product delays, collectors had cancelled their orders. This makes up a small portion of the extra statues. The real numbers came from canceled distributor orders or distributors that ended up going out of business by the time the product was delivered. A prime example was Robocop. We ended up with 150 Robocops just from one Distributor order that was canceled because of long delays. All these products have just been sitting in the warehouse to where we were running out of room and previous management literally did not have the time to try to sell the product.
Solutions Going Forward:
1. DELIVER ON TIME! We are working hard with factories now to get our product delivered on time. We have had to shell out a lot of extra money to the factories (well worth it for our collectors) to get them to push our product ahead of other Companies so that we can catch up and get on a more steady cycle. We are still working on catching up on all the products that were pre-ordered before we joined the Company. The goal is to catch up on ALL old pre-orders by 1Q/1H 2018 WHILE keeping everyone updated on status. Chun-li 1:3 going forward will be on time (early if I can help it) as we reset the Company to deliver for our fans.
2. Ending the Warehouse Gem Program: All of the older product should be sold by the end of the year so there will be no need for the Warehouse Gem Program. Also we are not seeing these large cancels from distributors anymore which means we won't have extra stock anymore for the statues that are arriving in the warehouse now and for future orders. We have already seen this with product that is shipping from the factories now. Also staying on time with delivery now prevents this issue too. Plus I want our product to stay as both collectibles and investments (the banker in me).
I know it's been too long since the last transparency post, but I'm going to try to get back to doing 2-4 a month if at all possible to keep everyone in the know. I'm going to try and find time to post here more too, but also be sure to join our Facebook Group too.
https://www.facebook.com/groups/100300063897936/
Red