The company sources most raw materials from multiple suppliers but depends on a single supplier for a key input used in the manufacture of (S)-Methoprene. To mitigate supply risk, inventories of (S)-Methoprene and this raw material are maintained. Primary ingredients for fertilizer and insect and weed control products include commodity and specialty chemicals such as urea, potash, phosphates, herbicides, insecticides, and fungicides. Bulk commodity grains like millet, milo, and sunflower seeds for bird feed products are procured from large national commodity companies and local grain cooperatives. Forward contracts are utilized to secure supply and manage costs for grains and seeds. The company monitors its supplier network to ensure quality, cost-effectiveness, and manufacturing capacity. Price volatility remains a risk for volumes not covered by fixed-price contracts.
Central Garden And Pet's Comment on Supply Chain
The company sources most raw materials from multiple suppliers but depends on a single supplier for a key input used in the manufacture of (S)-Methoprene. To mitigate supply risk, inventories of (S)-Methoprene and this raw material are maintained. Primary ingredients for fertilizer and insect and weed control products include commodity and specialty chemicals such as urea, potash, phosphates, herbicides, insecticides, and fungicides. Bulk commodity grains like millet, milo, and sunflower seeds for bird feed products are procured from large national commodity companies and local grain cooperatives. Forward contracts are utilized to secure supply and manage costs for grains and seeds. The company monitors its supplier network to ensure quality, cost-effectiveness, and manufacturing capacity. Price volatility remains a risk for volumes not covered by fixed-price contracts.
Sources:
Central Garden and Pet Company'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.
Updated on:
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