Simpson Manufacturing Co Inc's Comment on Supply Chain
The company primarily uses steel, including stainless steel, as its main raw material, along with carbon fiber, fiberglass, mortars, grouts, epoxies, and acrylics for manufacturing chemical anchoring and reinforcing products. It sources raw materials from various commercial suppliers, focusing on developing relationships with a limited number to achieve cost savings and quality improvements. Steel is purchased at market prices, which fluctuate due to economic conditions, geopolitical and macroeconomic factors, supply constraints, supply chain disruptions, currency fluctuations, import tariffs, duties, and international trade disputes. The steel market is highly cyclical and uncertain, with potential price increases and additional surcharges from steel mills for zinc, energy, and freight costs.
Simpson Manufacturing Co Inc's Comment on Supply Chain
The company primarily uses steel, including stainless steel, as its main raw material, along with carbon fiber, fiberglass, mortars, grouts, epoxies, and acrylics for manufacturing chemical anchoring and reinforcing products. It sources raw materials from various commercial suppliers, focusing on developing relationships with a limited number to achieve cost savings and quality improvements. Steel is purchased at market prices, which fluctuate due to economic conditions, geopolitical and macroeconomic factors, supply constraints, supply chain disruptions, currency fluctuations, import tariffs, duties, and international trade disputes. The steel market is highly cyclical and uncertain, with potential price increases and additional surcharges from steel mills for zinc, energy, and freight costs.
Sources:
Simpson Manufacturing Co 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.
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