The company utilizes multiple third-party service providers for its operations, including hosting its cloud network, IT infrastructure, and consumer service functions. Operational risks include natural events such as earthquakes, floods, fires, hurricanes, and extreme weather, as well as man-made events like data breaches, cybersecurity incidents, terrorism, strikes, and geopolitical unrest. The COVID-19 pandemic has affected operations by requiring remote work and increasing reliance on digital infrastructure. Supply chain disruptions, whether due to natural or man-made causes, may impact the company's gross merchandise volume (GMV) and other financial and operational metrics. The company maintains business continuity and disaster recovery plans and holds insurance coverage; however, their effectiveness and adequacy are not assured. The growing complexity and interdependency of technological systems may increase these risks. The company employs quantitative models and assumptions to assess and prepare for risks, though these may be inaccurate. Klarna is identified as a supplier in company filings.
Klarna Group Plc's Comment on Supply Chain
The company utilizes multiple third-party service providers for its operations, including hosting its cloud network, IT infrastructure, and consumer service functions. Operational risks include natural events such as earthquakes, floods, fires, hurricanes, and extreme weather, as well as man-made events like data breaches, cybersecurity incidents, terrorism, strikes, and geopolitical unrest. The COVID-19 pandemic has affected operations by requiring remote work and increasing reliance on digital infrastructure. Supply chain disruptions, whether due to natural or man-made causes, may impact the company's gross merchandise volume (GMV) and other financial and operational metrics. The company maintains business continuity and disaster recovery plans and holds insurance coverage; however, their effectiveness and adequacy are not assured. The growing complexity and interdependency of technological systems may increase these risks. The company employs quantitative models and assumptions to assess and prepare for risks, though these may be inaccurate. Klarna is identified as a supplier in company filings.
Sources:
Klarna Group Plc'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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