The company sources raw materials, including electronic components, steel, plastics, petroleum-based products, aluminum, and copper, from numerous independent suppliers worldwide. While no single supplier accounts for a significant portion of annual spending, certain specialized components rely on a single or limited number of qualified suppliers. To mitigate supply chain risks, the company employs strategies such as maintaining safety stock, using alternative materials, and securing multiple supply sources. Recent global trade volatility, geopolitical conflicts, and increased material and shipping costs have affected the supply chain. The company has addressed these challenges through solutions including FBS and collaboration with suppliers to manage production material shortages and distribution issues.
Fortive's Comment on Supply Chain
The company sources raw materials, including electronic components, steel, plastics, petroleum-based products, aluminum, and copper, from numerous independent suppliers worldwide. While no single supplier accounts for a significant portion of annual spending, certain specialized components rely on a single or limited number of qualified suppliers. To mitigate supply chain risks, the company employs strategies such as maintaining safety stock, using alternative materials, and securing multiple supply sources. Recent global trade volatility, geopolitical conflicts, and increased material and shipping costs have affected the supply chain. The company has addressed these challenges through solutions including FBS and collaboration with suppliers to manage production material shortages and distribution issues.
Sources:
Fortive Corporation'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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