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(Phoenix New Times)   Arizona sanitizing wipe company bet big on the pandemic, but succeeded only in wiping their bank accounts clean   (phoenixnewtimes.com) divider line
    More: Fail, Bankruptcy, Liquidation, Albaad Massuot Yitzhak Limited, major expansion deal, Debtor, Israeli manufacturing partner, local small businesses, Debt  
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1998 clicks; posted to Business » on 17 Jan 2022 at 12:35 PM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



27 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-01-17 1:17:51 PM  
More room for the big boys in that industry now.

i.pinimg.comView Full Size
 
2022-01-17 1:21:10 PM  
Uh oh.
 
2022-01-17 1:25:50 PM  
Always be wary of a big company offering a huge order. Walmart was known for placing huge orders, waiting for the small supplier to ramp up production, buy material, hire extra staff etc and then suddenly tell them they would only pay 20% lower price. The small company was left with the option of having all this product they couldn't shift and had paid for, accepting Walmarts 'offer' or trying to sue them. It rarely ended well.
 
2022-01-17 1:26:34 PM  
It seems like a lot of work was performed in anticipation of a contract, but no actual contract. Fools.
 
2022-01-17 1:30:47 PM  

Carter Pewterschmidt: Always be wary of a big company offering a huge order. Walmart was known for placing huge orders, waiting for the small supplier to ramp up production, buy material, hire extra staff etc and then suddenly tell them they would only pay 20% lower price. The small company was left with the option of having all this product they couldn't shift and had paid for, accepting Walmarts 'offer' or trying to sue them. It rarely ended well.


Sears used to do the same thing back in the day.  I used to know someone who owned a manufacturing company that was nearly bankrupted by Sears back in the day.
 
2022-01-17 1:49:38 PM  
"Israeli hygiene behemoth"

Well that's a combination of words I would never have expected to see.

Going to have to start a klezmer heavy metal band just so I can steal that name.
 
2022-01-17 1:59:16 PM  

Madman drummers bummers: "Israeli hygiene behemoth"

Well that's a combination of words I would never have expected to see.

Going to have to start a klezmer heavy metal band just so I can steal that name.


Very well, as long as you keep it clean.
 
2022-01-17 2:03:02 PM  
Repackage as MAGA COVID disinfectant chews and profit!
 
2022-01-17 2:38:32 PM  
The former meat counter at the grocery store down the street from me is filled with pallets of disinfectant wipes, plastic face masks, and other cleaning supplies. I'm assuming they are orders the store placed for items that had been in high demand, but are now finally in stock.
 
2022-01-17 2:44:54 PM  
Toilet paper was on sale at really good prices back in the fall. I think a few stores ordered too much and then had to get rid of it.
 
2022-01-17 3:04:37 PM  

Jack Sabbath: More room for the big boys in that industry now.

[i.pinimg.com image 500x375]



Here i come to save the Day!!

Fark user imageView Full Size
 
2022-01-17 3:05:03 PM  

bingethinker: Toilet paper was on sale at really good prices back in the fall. I think a few stores ordered too much and then had to get rid of it.



see above post
 
2022-01-17 3:06:53 PM  

Carter Pewterschmidt: Always be wary of a big company offering a huge order. Walmart was known for placing huge orders, waiting for the small supplier to ramp up production, buy material, hire extra staff etc and then suddenly tell them they would only pay 20% lower price. The small company was left with the option of having all this product they couldn't shift and had paid for, accepting Walmarts 'offer' or trying to sue them. It rarely ended well.



wally mart likes telling their vendors what their vendors should charge wally mart.  they're big on free markets, etc


WallyMart:  we exploit cheap communist chinese labor so you don't have to!
 
2022-01-17 3:10:59 PM  

WelldeadLink: Madman drummers bummers: "Israeli hygiene behemoth"

Well that's a combination of words I would never have expected to see.

Going to have to start a klezmer heavy metal band just so I can steal that name.

Very well, as long as you keep it clean.


I bet you want him or het to urachim your baleyv samayach...
 
2022-01-17 3:50:04 PM  
At least it hasn't wiped them out yet.
 
2022-01-17 3:59:06 PM  
Surfaris - Wipe Out
Youtube p13yZAjhU0M
 
2022-01-17 6:06:30 PM  
In fairness, it wasn't a bad guess early in the pandemic that disinfectant wipes might go into much higher demand.

The general recognition that surface disinfectants don't really do anything because transmission is entirely person-to-person like most respiratory illnesses didn't really click until late 2020 / early 2021 after the investment had already been made.  (Their line about "inferior competitors flooding the market" is utter nonsense, people just stopped using sanitizing wipes on shiat because that... doesn't do anything to COVID.)

Sometimes when you gamble on trends, you lose, even if it seems like a "sure thing".

// Disclaimer: there are obviously situations where surface sanitization does, in fact, do something, e.g. hospital wards.  Those situations are pretty much entirely situations where regular surface treatment is already a thing, though, so no demand spike.
 
2022-01-17 6:09:30 PM  
They got taken by a large competitor: The bigger business got cheaper product, a tax write-off. and the elimination of a small competitor.  Lesson: Do *not* swim with sharks unless you have an ironclad contract and a really good law firm.
 
2022-01-17 6:26:20 PM  

Jim_Callahan: In fairness, it wasn't a bad guess early in the pandemic that disinfectant wipes might go into much higher demand.

The general recognition that surface disinfectants don't really do anything because transmission is entirely person-to-person like most respiratory illnesses didn't really click until late 2020 / early 2021 after the investment had already been made.  (Their line about "inferior competitors flooding the market" is utter nonsense, people just stopped using sanitizing wipes on shiat because that... doesn't do anything to COVID.)

Sometimes when you gamble on trends, you lose, even if it seems like a "sure thing".

// Disclaimer: there are obviously situations where surface sanitization does, in fact, do something, e.g. hospital wards.  Those situations are pretty much entirely situations where regular surface treatment is already a thing, though, so no demand spike.


It's mostly through the air but surface transmission does happen. That's how the recent cases are thought to have arrived in China, where their border quarantines and widespread testing have kept the case rates so low that contact tracing can pick those rare events up. New Zealand also had at least one case where transmission was likely from a surface.
 
2022-01-17 7:14:13 PM  
Reminds me of a failed startup during the .com crash. Company was trying to make something that would enable your PC to emit pleasant smells. USB drive for different scents, or something like that. The local paper said funding was cut off because 'investors got tired of the smell of burning money'.
 
2022-01-17 7:28:30 PM  

phishrace: Reminds me of a failed startup during the .com crash. Company was trying to make something that would enable your PC to emit pleasant smells. USB drive for different scents, or something like that. The local paper said funding was cut off because 'investors got tired of the smell of burning money'.


I remember that. Florame?
 
2022-01-17 7:52:55 PM  
If this were the 80s, that would be a terrible pick-up line to bring into Houlihan's.

"I'm in wipes."
 
2022-01-17 8:46:25 PM  

Jack Sabbath: More room for the big boys in that industry now.

[i.pinimg.com image 500x375]


That stare....
 
2022-01-17 8:48:35 PM  
Some deals are all good, but this one was Albaad.
 
2022-01-17 9:52:31 PM  
This is how you get killed trying to take advantage of a panic. Habits regarding the use of hand sanitizers would quickly return near the original level, and the quantity of face masks people actually use is lower than anyone would admit. Home paper goods manufacturers didn't go bigger, they knew the annual usage was near constant and just had to move some of the office supplies over.

It like the summer of the fidget spinners. People thought they were clever and bought them by the case, and flooded the market. Vape shops boomed and bust. Marijuana dispensaries wherever it becomes slightly legal.
 
2022-01-17 10:45:18 PM  

Carter Pewterschmidt: Always be wary of a big company offering a huge order. Walmart was known for placing huge orders, waiting for the small supplier to ramp up production, buy material, hire extra staff etc and then suddenly tell them they would only pay 20% lower price. The small company was left with the option of having all this product they couldn't shift and had paid for, accepting Walmarts 'offer' or trying to sue them. It rarely ended well.


Wal-Mart SOP for 2 decades. Year 1 is amazing. Year 2 is being under the thumb of cheapskate mart.
 
2022-01-18 8:53:57 AM  
Sounds like a tiny company selling a product that many other larger companies make faster bigger and cheaper. Why exactly did they think this was a growth opportunity for them?
 
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