The company sources raw materials and components including electronic components, chemicals, and biological materials. While no single supplier is material overall, certain components with specific requirements may have a limited number of qualified suppliers. To mitigate supply chain risks, the company utilizes safety stock, alternative materials, and multiple supply sources. Most products ship within one day of order receipt, except for instruments and related cartridges, which ship within one to two weeks. There was no significant backlog of orders as of the report date.
Bio Techne's Comment on Supply Chain
The company sources raw materials and components including electronic components, chemicals, and biological materials. While no single supplier is material overall, certain components with specific requirements may have a limited number of qualified suppliers. To mitigate supply chain risks, the company utilizes safety stock, alternative materials, and multiple supply sources. Most products ship within one day of order receipt, except for instruments and related cartridges, which ship within one to two weeks. There was no significant backlog of orders as of the report date.
Sources:
Bio techne Corp'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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