Tell us a little bit about OAV Air Bearings? Currently, OAV is a leading manufacturer of Air Bearing technology and motion systems. Our experience with aerospace, military specifications, aeronautical materials, and our top engineers guarantee our products’ exceptional quality and design. Today, OAV exports to an ever-growing customer base in over 100 different countries. What challenges your company had to come over during Covid-19? How have you navigated them? In addition to frequently changing requirements, our supply chain has been impacted negatively. The only alternative has been to wait. At best, when this occurs, scheduled outgoing deliveries are temporarily delayed. At worst, production halts due to a lack of critical supplies. Expediting with vendors and freight carriers can be a daily time sink that distracts our attention from other areas. To alleviate many of these issues we have instituted more conservative requirements with regard to minimums and our stock of supplies to help insulate from delays as just-in-time logistics has become less reliable during the pandemic. In addition, we have increased our stock of standard items to enable a quick response to current orders. What’s on your agenda for the next year? Are you developing any new products? We currently have many new products that are in the developmental as well as the expansion of our production facilities to support our growing product line. The manufacturing capability for our new products should be 100% for 2022.
