The Company procures raw materials, components, and finished products from multiple suppliers and is generally not reliant on any single supplier for critical base materials or components. In some instances, the Company sole sources or limits sourcing due to design or cost considerations, which may result in supply disruptions. Addressing such disruptions may involve qualifying new suppliers, a process that can be costly and time-consuming, particularly during global shortages of critical materials or components. The Company's inventory comprises raw materials, work in process, and finished goods, with custom products made to order and stock products maintained to ensure timely delivery. Payment terms vary by geography, ranging from net 10 to net 90 days.
Brady's Comment on Supply Chain
The Company procures raw materials, components, and finished products from multiple suppliers and is generally not reliant on any single supplier for critical base materials or components. In some instances, the Company sole sources or limits sourcing due to design or cost considerations, which may result in supply disruptions. Addressing such disruptions may involve qualifying new suppliers, a process that can be costly and time-consuming, particularly during global shortages of critical materials or components. The Company's inventory comprises raw materials, work in process, and finished goods, with custom products made to order and stock products maintained to ensure timely delivery. Payment terms vary by geography, ranging from net 10 to net 90 days.
Sources:
Brady Corp'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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