We purchase raw materials for our products from various sources. We are subject
to market risk as a result of the fluctuating prices of raw materials such as
urea and other fertilizer inputs, resins, diesel, gasoline, natural gas, sphagnum
peat, bark and grass seed. Our objectives surrounding the procurement of these
materials are to ensure continuous supply, minimize costs and improve predictability.
We seek to achieve these objectives through negotiation of contracts with favorable
terms directly with vendors. When appropriate, we commit to purchase a certain
percentage of our needs in advance of the season to secure pre-determined prices.
Scotts Miracle Gro Co's Comment on Supply Chain
We purchase raw materials for our products from various sources. We are subject
to market risk as a result of the fluctuating prices of raw materials such as
urea and other fertilizer inputs, resins, diesel, gasoline, natural gas, sphagnum
peat, bark and grass seed. Our objectives surrounding the procurement of these
materials are to ensure continuous supply, minimize costs and improve predictability.
We seek to achieve these objectives through negotiation of contracts with favorable
terms directly with vendors. When appropriate, we commit to purchase a certain
percentage of our needs in advance of the season to secure pre-determined prices.
Sources:
Scotts Miracle gro Co'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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