Streamline. Simplify. Save. Exploring the many benefits of working with Taylor
Table of Contents Risk Mitigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Financial Strength . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Program Flexibility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Promotional Marketing in 2022 . . . . . . . . . . . . . . . . . . . 10 Cost Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Proven Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
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A Strategic Alternative Instead of taking on the unknowns of an RFP process, Taylor would like to propose that the 7-Eleven/Speedway organization consider the many benefits of expanding its existing relationship with Taylor. Working together, we have an opportunity to consolidate the sourcing of employee uniforms and also: • Streamline ordering processes • Eliminate administrative complexity • Reduce the total cost of ownership • And so much more
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Risk Mitigation 7-Eleven/Speedway needs to mitigate the risk associated with the ongoing global supply chain crisis, which is likely to continue through mid2022 and beyond.
Key Takeaway Product cost fluctuations resulting from the current supply chain instability will make it difficult to conduct the accurate medium- to long-term cost analyses needed for an effective RFP process.
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Financial Strength The pandemic has placed many companies in the promotional marketing industry under tremendous financial stress. To ensure an uninterrupted supply of store uniforms, 7-Eleven/ Speedway should place a premium on working with financially strong partners.
Key Takeaway Taylor’s promotional marketing group is backed by the financial resources of Taylor Corporation — privately held and one of the five largest graphic communications firms in North America. We have had the luxury of reinvesting tens of millions of dollars into the business during 2021-2022 while others retrench and recover.
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Program Flexibility 7-Eleven/Speedway has an opportunity to develop a total cost of ownership model for its store uniforms by balancing a mix of domestic and overseas production, inventoried versus on-demand production and the use of multiple distribution points.
Key Takeaway As both a leading distributor and manufacturer of promotional marketing products, Taylor has long-established relationships both domestically and overseas. We utilize a decorate-ondemand model, paired with strategic distribution points in the Northeast, Southwest and Midwest.
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Promotional Marketing in 2022: An Industry in Turmoil The headlines are filled with news about the ongoing global supply chain crisis — and its impact on the promotional marketing industry. Click the headlines to read the full story. China’s Spreading COVID Shutdowns Complicate Promo’s Supply Chain China is Shutting Down Shanghai in Two Phases to Control Covid China COVID Shutdowns Spark Product Supply Concerns in Promo How the Shanghai Covid Shutdown Will Be Used Against the West Shenzhen Lockdown Leaves U.S. Ports Bracing for Fallout Congestion Surges at Chinese Ports Amid Shanghai Lockdowns and Driver Curbs
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Cost Savings 7-Eleven/Speedway has aggressive synergy savings goals associated with the acquisition. However, an RFP can trigger in excess of $250,000 in soft costs related to staff members tasked with writing, executing and evaluating the RFP.
Key Takeaway On multiple occasions, Taylor has worked with 7-Eleven/Speedway outside the RFP process to deliver cost savings through a transparent, consultative approach. As an example, our consolidation of store distribution processes and Speedway’s uniform program drove more than $1,000,000 in savings for 7-Eleven/Speedway.
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Proven Partnership 7-Eleven/Speedway has a stated goal of leveraging best-in-class partners, regardless of which side of the acquisition they come from.
Key Takeaway Taylor has a nearly 20-year relationship with 7-Eleven/Speedway: • We are both a manufacturer and distributor of branded merchandise. • We have already implemented highly configurable customer-facing technology for 7-Eleven/Speedway. • We have a distribution network across 14 North American locations. • And, we have a vast product mix beyond uniforms that allows for future growth in the relationship.
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In Summary We believe that working together to expand our existing partnership has immediate advantages and will empower 7-Eleven/Speedway to achieve its goals — while avoiding the challenges an RFP presents.
For complete details, contact your Taylor representative today.
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