Polaris Balances Inventory Reduction with Consumer Demand
05/24/2010
William Strauss, a senior economist at the Federal Reserve Bank of Chicago, told The Wall Street Journal that some companies "are unable to meet the demand because the inventories are low."
Polaris, a Medina, Minnesota-based maker of sport vehicles, is navigating a fine line when it comes to inventory. It cut its American and Canadian dealer inventories by nearly 25 percent last year, and will slash them another 15 percent this year to its lowest point since 1997. But sales have been better than predicted, company President Bennett Morgan told the Journal, so it will hire 200 production employees during the first half of this year, and will likely hire again during the second half.
As customers have returned, dealers have felt pressure to both sell inventory and accept more goods from Polaris. To manage the demand, Polaris will shorten its order cycle so that dealers can accept smaller shipments every few weeks. The company predicts that two-thirds of its American and Canadian dealers will accept the new program by the end of the year.
Project Announcements
Jel Sert Company Expands West Chicago, Illinois, Manufacturing Operations
06/16/2025
Technomics Expands Arlington County, Virginia, Operations
06/16/2025
Conveyor Technology Expands North Little Rock, Arkansas, Manufacturing Operations
06/16/2025
Amazon Plans Salem Township-Falls Township, Pennsylvania, Operations
06/16/2025
Sentio BioSciences Expands Maryland Heights, Missouri, Production Operations
06/14/2025
Titan Mechanical Plans Defiance, Ohio, Fabrication Operations
06/12/2025
Most Read
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
Get Your Mega Site ‘Project Ready’
Q2 2025
-
Navigating the new era of SCIF construction
Q1 2025
-
Why Cold Storage May Defy the Tariff Crunch
Q2 2025