The past two years have undoubtedly brought new challenges for everyone, and that was certainly the case here at Fendwrap as 2021 proved to be a challenging but very interesting year. As February is now upon us, we wanted to take the opportunity to take a look at 2021’s successes
We’re delighted that most of our customers and clients were able to continue working throughout the pandemic as the industry came together in the face of a changing normality. In fact, many of our customers had more projects than usual which saw our revenue grow alongside the increased demand.
Brexit presented several challenges to business including delays, import taxes and the hassle of extra paperwork. However, with thanks to our fantastic customers for their patience and feedback, Fendwrap now has a full range of stock available in the EU. This means shorter waiting times, no import taxes and significantly less paperwork ensuring business can continue as it did pre-Brexit.
The ever-rising costs of the raw materials needed to create our products proved to be our largest challenge of 2021. We found the industry has been very understanding, though, as the global supply chain crisis and issues with inflation and bottlenecks has impacted so many industries on a wider scale.
Industry Strength and Delivery in Full on Time
The industry itself has coped remarkably well with the trials and tribulations the last couple of years have brought. Its resilience has shone through, as it did previously in the 2008/9 global financial crash. While some projects were delayed due to the supply of materials and Covid-19 restrictions, the industry is going from strength to strength with performance at a high.
Indeed, the pandemic brought a rapid surge in the demand for yachts, with people unable to travel abroad for a holiday they began looking at alternatives and landed on the yacht industry!
Despite the challenges of 2021 we’re extremely proud that our Delivery in Full on Time score has remained above 98%. The team here have worked tirelessly to achieve this and we’re very proud of their efforts to keep things running smoothly and ensuring our customers’ satisfaction remains total.
We’re also proud that we’ve been able to keep work underway to establish more sustainable products. Here our development team have been working hard and are progressing quickly.
It’s great to see so many well-known companies taking accountability for sustainability and the marine industry is no different. We’re working hard to join some of the best-known companies at the forefront of sustainability research. Prioritising the health and welfare of our planet is important to us and we will soon be able to provide the industry with more sustainable protection solutions.
Getting Back to Events
It was great to be back at a number of the yacht shows and festivals this year, they were sorely missed in 2020. We attended Cannes Yachting Festival and the Monaco Yacht Show in 2021. We enjoyed seeing all the shows bounce back with even more energy and excitement and it was a privilege to be a part of this again.
Cannes Yachting Festival hit record attendance this year with 54,000 visitors and the atmosphere was overwhelmingly positive. Monaco Yacht Show actively limited attendance to 19,000 guests this year to allow for restrictions but this didn’t detract from the overall experience – they had 440 exhibitors and 101 superyachts, reaching an estimated combined worth of €3.6 billion!
We also attended METSTRADE this year which took place in Amsterdam. METSTRADE is the largest B2B trading exhibition for the marine leisure industry and was attended by 1105 exhibitors from 44 countries covering all aspects of marine equipment. It was great to see so many young adults attend the exhibition, supported (‘supported by’ or supporting’) the Young Professionals Club, these individuals will be the future of the industry and it’s exciting to see them attending and networking at these events.
What Does 2022 Hold for Fendwrap?
We are expecting to spend the first half the new year ensuring that our supply chain and project deliveries stay on target. We’re proud that we managed to maintain this, despite all the challenges 2020 and 2021 threw at us, so ensuring this continues into 2022 is a high priority for us.
We are still actively making progress with our development projects which we anticipate emerging towards the second half of 2022. There are a number of exciting new sustainability projects that our development team are working on including sustainable films, biodegradable overshoes and Oxguard 2.0. We’re working hard to consolidate existing sustainable practice, you can read more about our efforts via our blog post The Future of Sustainability.
We take pride in the superior range of yacht protection products we provide our clients across the world. Our attention to detail and standard of service are unparalleled and we go above and beyond to ensure that projects are completed on time, to the highest standard achievable.
We’re looking forward to what 2022 brings.