Greenwave Technology Solutions Inc's Comment on Supply Chain
The company sources unprocessed metal primarily from end-of-life vehicles, old equipment, appliances, consumer goods, and scrap metal generated by construction or manufacturing operations. Its suppliers include large corporations, industrial manufacturers, retail customers, and government organizations. These suppliers either deliver metal to the company's facilities or arrange for the company to pick up and transport the metal. The company's operations and main suppliers are located in the Hampton Roads and northeastern North Carolina markets. In the second quarter of 2023, the company expanded to include a metal recycling facility in Cleveland, Ohio. The supply of scrap metal is affected by U.S. economic activity, recycled metal prices, and seasonal factors such as severe weather.
Greenwave Technology Solutions Inc's Comment on Supply Chain
The company sources unprocessed metal primarily from end-of-life vehicles, old equipment, appliances, consumer goods, and scrap metal generated by construction or manufacturing operations. Its suppliers include large corporations, industrial manufacturers, retail customers, and government organizations. These suppliers either deliver metal to the company's facilities or arrange for the company to pick up and transport the metal. The company's operations and main suppliers are located in the Hampton Roads and northeastern North Carolina markets. In the second quarter of 2023, the company expanded to include a metal recycling facility in Cleveland, Ohio. The supply of scrap metal is affected by U.S. economic activity, recycled metal prices, and seasonal factors such as severe weather.
Sources:
Greenwave Technology Solutions 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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