Innovation Beverage Group Limited's Comment on Supply Chain
The company primarily utilizes raw materials including herbs, bottles, and labels, maintaining long-term relationships with key raw material vendors to ensure a stable supply. Raw material purchases are forecasted at least six months in advance to manage supply chain disruptions and price volatility. The company has experienced supply chain challenges such as transportation delays for bottles from China, shipping container shortages affecting exports of BitterTales products to the United States, labor shortages related to COVID-19, and fluctuating customer demand.
To enhance supply chain resilience, the company has implemented sales and operations planning, optimized inventory and freight processes through a new warehouse management system, renegotiated manufacturing agreements to transfer logistics responsibilities to buyers, diversified suppliers to reduce dependence on any single supplier or region, and promoted flexible and remote work arrangements. The company does not experience significant seasonality.
Material agreements include a Deed of Novation involving Europa International Pty Ltd, Coca-Cola Amatil (Australia) Pty Ltd (now Coca-Cola Europacific Partners), and Australian Boutique Spirits Pty Ltd, which assigns Europa's rights and obligations under manufacturing agreements from 2016 and 2017. The 2016 Europa Manufacturing Agreement between Europa and Coca-Cola Amatil, effective January 1, 2017, through December 31, 2031, appoints Europa to manufacture bitters and grants Europa a license to use the AUSTRALIAN BITTERS intellectual property for manufacturing purposes.
Suppliers referenced include Australian Boutique Spirits Pty Ltd, Coca-Cola Amatil (Australia) Pty Ltd, Coca-Cola Europacific Partners, and Europa International Pty Ltd.
Innovation Beverage Group Limited's Comment on Supply Chain
The company primarily utilizes raw materials including herbs, bottles, and labels, maintaining long-term relationships with key raw material vendors to ensure a stable supply. Raw material purchases are forecasted at least six months in advance to manage supply chain disruptions and price volatility. The company has experienced supply chain challenges such as transportation delays for bottles from China, shipping container shortages affecting exports of BitterTales products to the United States, labor shortages related to COVID-19, and fluctuating customer demand.
To enhance supply chain resilience, the company has implemented sales and operations planning, optimized inventory and freight processes through a new warehouse management system, renegotiated manufacturing agreements to transfer logistics responsibilities to buyers, diversified suppliers to reduce dependence on any single supplier or region, and promoted flexible and remote work arrangements. The company does not experience significant seasonality.
Material agreements include a Deed of Novation involving Europa International Pty Ltd, Coca-Cola Amatil (Australia) Pty Ltd (now Coca-Cola Europacific Partners), and Australian Boutique Spirits Pty Ltd, which assigns Europa's rights and obligations under manufacturing agreements from 2016 and 2017. The 2016 Europa Manufacturing Agreement between Europa and Coca-Cola Amatil, effective January 1, 2017, through December 31, 2031, appoints Europa to manufacture bitters and grants Europa a license to use the AUSTRALIAN BITTERS intellectual property for manufacturing purposes.
Suppliers referenced include Australian Boutique Spirits Pty Ltd, Coca-Cola Amatil (Australia) Pty Ltd, Coca-Cola Europacific Partners, and Europa International Pty Ltd.
Sources:
Innovation Beverage Group Limited'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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