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Medtronic Plc's Suppliers Performance
MDT's Supply Chain
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| MDT
Costs vs Sales of Suppliers Growth |
Medtronic Plc's Suppliers recorded increase in sales by 47.32 % year on year in Q1 2022, sequentially sales grew by 9.18 %, Medtronic Plc's cost of sales deteriorated by % year on year, sequentially cost of sales grew by 5.37 % in Q1.
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Medtronic Plc's Suppliers recorded increase in sales by 47.32 % year on year in Q1 2022, sequentially sales grew by 9.18 %, Medtronic Plc's cost of sales deteriorated by -2.3 % year on year, sequentially cost of sales grew by 5.37 % in Q1.
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Medtronic Plc's Comment on Supply Chain
We manufacture most of our products at 41 manufacturing facilities located in
various countries throughout the world. The largest of these manufacturing facilities
are located in Arizona, California, Colorado, Connecticut, Florida, Indiana, Massachusetts,
Michigan, Minnesota, New Jersey, Texas, Puerto Rico, Canada, France, Germany,
Ireland, Italy, Mexico, The Netherlands, The People's Republic of China, Singapore,
and Switzerland. We purchase many of the components and raw materials used in
manufacturing these products from numerous suppliers in various countries. For
reasons of quality assurance, sole source availability, or cost effectiveness,
certain components and raw materials are available only from a sole supplier.
We work closely with our suppliers to help ensure continuity of supply while maintaining
high quality and reliability. Due to the U.S. FDA’s requirements regarding
manufacturing of our products, we may not be able to quickly establish additional
or replacement sources for certain components or materials. Generally, we have
been able to obtain adequate supplies of such raw materials and components. However,
a sudden or unexpected reduction or interruption in supply, and an inability to
develop alternative sources for such supply, could adversely affect our operations.
Moreover, as directed by the Dodd-Frank Wall Street Reform and Consumer Protection
Act (Dodd-Frank), the SEC has implemented reporting and disclosure requirements
related to the use of certain minerals, known as "conflict minerals":
tantalum, tin, tungsten (or their ores), and gold; which are mined from the Democratic
Republic of the Congo and adjoining countries. Pursuant to these requirements,
we are required to report on Form SD the procedures we employ to determine the
sourcing of such minerals and metals produced from those minerals. There are costs
associated with complying with these disclosure requirements, including for diligence
in regards to the sources of any conflict minerals used in our products, in addition
to the cost of remediation and other changes to products, processes, or sources
of supply as a consequence of such verification activities. In addition, the implementation
of these rules could adversely affect the sourcing, supply, and pricing of materials
used in our products. As of the date of our conflict minerals report for the 2013
calendar year, we were unable to obtain the necessary information on conflict
minerals from all of our suppliers and were unable to determine that all of our
products are conflict free. We may continue to face difficulties in gathering
this information in the future. We may face reputational challenges if we determine
that certain of our products contain minerals not determined to be conflict free
or if we are unable to sufficiently verify the origins for all conflict minerals
used in our products through the procedures we implement.
Medtronic Plc's Comment on Supply Chain
We manufacture most of our products at 41 manufacturing facilities located in
various countries throughout the world. The largest of these manufacturing facilities
are located in Arizona, California, Colorado, Connecticut, Florida, Indiana, Massachusetts,
Michigan, Minnesota, New Jersey, Texas, Puerto Rico, Canada, France, Germany,
Ireland, Italy, Mexico, The Netherlands, The People's Republic of China, Singapore,
and Switzerland. We purchase many of the components and raw materials used in
manufacturing these products from numerous suppliers in various countries. For
reasons of quality assurance, sole source availability, or cost effectiveness,
certain components and raw materials are available only from a sole supplier.
We work closely with our suppliers to help ensure continuity of supply while maintaining
high quality and reliability. Due to the U.S. FDA’s requirements regarding
manufacturing of our products, we may not be able to quickly establish additional
or replacement sources for certain components or materials. Generally, we have
been able to obtain adequate supplies of such raw materials and components. However,
a sudden or unexpected reduction or interruption in supply, and an inability to
develop alternative sources for such supply, could adversely affect our operations.
Moreover, as directed by the Dodd-Frank Wall Street Reform and Consumer Protection
Act (Dodd-Frank), the SEC has implemented reporting and disclosure requirements
related to the use of certain minerals, known as "conflict minerals":
tantalum, tin, tungsten (or their ores), and gold; which are mined from the Democratic
Republic of the Congo and adjoining countries. Pursuant to these requirements,
we are required to report on Form SD the procedures we employ to determine the
sourcing of such minerals and metals produced from those minerals. There are costs
associated with complying with these disclosure requirements, including for diligence
in regards to the sources of any conflict minerals used in our products, in addition
to the cost of remediation and other changes to products, processes, or sources
of supply as a consequence of such verification activities. In addition, the implementation
of these rules could adversely affect the sourcing, supply, and pricing of materials
used in our products. As of the date of our conflict minerals report for the 2013
calendar year, we were unable to obtain the necessary information on conflict
minerals from all of our suppliers and were unable to determine that all of our
products are conflict free. We may continue to face difficulties in gathering
this information in the future. We may face reputational challenges if we determine
that certain of our products contain minerals not determined to be conflict free
or if we are unable to sufficiently verify the origins for all conflict minerals
used in our products through the procedures we implement.
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MDT's Suppliers Net Income grew by |
MDT's Suppliers Net margin grew in Q1 to |
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103.24 % |
8.86 % |
MDT's vs. Suppliers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
| COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
| Medtronic Plc |
127,879.82 |
31,686.00 |
5,062.00 |
90,000 |
| 3m Company |
83,359.35 |
35,085.00 |
4,162.00 |
95,000 |
| Alcoa Corp |
9,924.80 |
13,386.00 |
1,228.00 |
61,000 |
| Ati Inc. |
3,999.19 |
3,284.70 |
31.50 |
9,700 |
| Chevron Corp |
309,575.50 |
215,974.00 |
29,189.00 |
48,200 |
| Dow Inc. |
40,568.99 |
60,129.00 |
6,700.00 |
35,700 |
| Eastman Chemical Co |
12,615.25 |
10,912.00 |
1,227.00 |
14,500 |
| Exxon Mobil Corporation |
399,313.83 |
364,932.00 |
40,345.00 |
74,900 |
| Illinois Tool Works Inc |
67,059.72 |
15,185.00 |
2,648.00 |
44,000 |
| Worthington Industries Inc |
2,796.19 |
5,242.22 |
399.26 |
10,500 |
| Helen Of Troy Limited |
3,315.33 |
2,093.70 |
164.20 |
1,610 |
| Arconic Corporation |
3,101.89 |
8,767.00 |
135.00 |
0 |
| Haynes International inc. |
541.47 |
441.93 |
31.31 |
1,123 |
| Universal Stainless and Alloy Products inc. |
76.70 |
180.11 |
3.21 |
645 |
| Solitario Zinc Corp. |
33.62 |
0.00 |
-3.38 |
5 |
| Ingevity Corporation |
2,838.95 |
1,515.50 |
145.70 |
1,500 |
| Stepan Company |
2,633.62 |
2,639.62 |
150.92 |
2,073 |
| Horrison Resources Inc. |
0.00 |
0.00 |
-0.08 |
0 |
| Schulman A Inc |
1,306.23 |
2,693.61 |
35.59 |
4,800 |
| Trinseo Plc |
1,158.84 |
5,355.20 |
298.80 |
2,197 |
| Vystar Corporation |
4.14 |
18.62 |
-4.57 |
1 |
| Dmc Global Inc. |
510.72 |
443.57 |
-0.99 |
428 |
| Global Brass & Copper Holdings, Inc. |
967.78 |
1,723.90 |
60.70 |
1,857 |
| Liquidmetal Technologies Inc |
83.47 |
0.70 |
-3.19 |
26 |
| Mueller Industries Inc |
3,832.03 |
4,098.65 |
665.73 |
4,244 |
| Materion Corporation |
1,985.26 |
1,679.60 |
75.11 |
2,550 |
| Ryerson Holding Corporation |
1,194.96 |
6,601.30 |
516.70 |
3,000 |
| Tht Heat Transfer Technology, Inc. |
2.05 |
68.43 |
-1.65 |
576 |
| Calumet Specialty Products Partners L.p. |
1,324.80 |
4,262.60 |
373.80 |
2,000 |
| Trecora Resources |
231.52 |
301.32 |
8.99 |
310 |
| Ipg Photonics Corp |
5,192.97 |
1,490.62 |
266.93 |
5,960 |
| Lightpath Technologies Inc |
37.85 |
34.98 |
-5.10 |
342 |
| Viavi Solutions Inc |
3,632.51 |
1,268.00 |
20.50 |
3,500 |
| SUBTOTAL |
963,219.52 |
769,808.88 |
88,864.00 |
432,247 |
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15.46 % 
