Seritage Growth Properties's Comment on Supply Chain
The company does not depend on any single supplier or vendor for the majority of its raw construction materials and skilled labor. However, it may encounter challenges in obtaining necessary materials or skilled labor due to economic or political changes or a tightening labor market, potentially requiring engagement with new third-party suppliers or contractors. The company is subject to compliance with the Americans with Disabilities Act (ADA) and various environmental, health, safety, and land use regulations, which may necessitate expenditures impacting cash flows and financial condition. It must also adhere to laws concerning hazardous and non-hazardous substances, employee health and safety, and zoning restrictions, especially for properties that include automotive care centers, retail fueling facilities, and storage tanks, which may involve remediation activities.
Seritage Growth Properties's Comment on Supply Chain
The company does not depend on any single supplier or vendor for the majority of its raw construction materials and skilled labor. However, it may encounter challenges in obtaining necessary materials or skilled labor due to economic or political changes or a tightening labor market, potentially requiring engagement with new third-party suppliers or contractors. The company is subject to compliance with the Americans with Disabilities Act (ADA) and various environmental, health, safety, and land use regulations, which may necessitate expenditures impacting cash flows and financial condition. It must also adhere to laws concerning hazardous and non-hazardous substances, employee health and safety, and zoning restrictions, especially for properties that include automotive care centers, retail fueling facilities, and storage tanks, which may involve remediation activities.
Sources:
Seritage Growth Properties'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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