The company procures various raw materials, including cast iron, aluminum, steel, and motors, which are influenced by copper prices. Most materials are sourced from multiple suppliers, with some long-term contracts in place for key components. The company has expanded its supplier network for certain materials and components to enhance supply continuity but maintains single-source suppliers for specific castings, motors, and engineered components. It manages supply disruption risks by balancing the costs of maintaining multiple suppliers and aims to reduce costs through purchase consolidation and exploring alternative sources.
Ingersoll Rand Inc's Comment on Supply Chain
The company procures various raw materials, including cast iron, aluminum, steel, and motors, which are influenced by copper prices. Most materials are sourced from multiple suppliers, with some long-term contracts in place for key components. The company has expanded its supplier network for certain materials and components to enhance supply continuity but maintains single-source suppliers for specific castings, motors, and engineered components. It manages supply disruption risks by balancing the costs of maintaining multiple suppliers and aims to reduce costs through purchase consolidation and exploring alternative sources.
Sources:
Ingersoll Rand 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.
Updated on:
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