The Company sourced substantially all of its OEM products from independent suppliers in China through Forward Industries Asia-Pacific Corporation, a British Virgin Islands corporation owned by the Company’s former CEO. The Company did not manufacture any of its OEM products. It used contract manufacturers worldwide for product packaging and distribution through retail channels.
Forward Industries Inc's Comment on Supply Chain
The Company sourced substantially all of its OEM products from independent suppliers in China through Forward Industries Asia-Pacific Corporation, a British Virgin Islands corporation owned by the Company’s former CEO. The Company did not manufacture any of its OEM products. It used contract manufacturers worldwide for product packaging and distribution through retail channels.
Sources:
Forward Industries Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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