The company utilizes contract manufacturers and third-party service providers for the production, assembly, and installation of Connect IoT devices. Hardware and components are procured through short-term purchase orders to these contract manufacturers. Supply chain management is a critical function, challenged by limited experience and occasional supplier shortages, which have been intensified by global parts shortages and supply chain disruptions since 2020. The availability of certain chips and components is constrained, with few alternatives. To address these issues, the company has increased inventory levels, sourced components through alternative channels, updated device designs, and implemented recycling and refurbishing of devices. Despite these measures, ongoing shortages may significantly restrict growth. Additionally, cybersecurity risks related to operational systems, facility security, in-product technology, and data processing by the company or its third-party vendors pose potential threats to operations.
Getaround Inc's Comment on Supply Chain
The company utilizes contract manufacturers and third-party service providers for the production, assembly, and installation of Connect IoT devices. Hardware and components are procured through short-term purchase orders to these contract manufacturers. Supply chain management is a critical function, challenged by limited experience and occasional supplier shortages, which have been intensified by global parts shortages and supply chain disruptions since 2020. The availability of certain chips and components is constrained, with few alternatives. To address these issues, the company has increased inventory levels, sourced components through alternative channels, updated device designs, and implemented recycling and refurbishing of devices. Despite these measures, ongoing shortages may significantly restrict growth. Additionally, cybersecurity risks related to operational systems, facility security, in-product technology, and data processing by the company or its third-party vendors pose potential threats to operations.
Sources:
Getaround 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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