The company procures various raw materials, including plastics, magnets, metals, electronic and mechanical sub-assemblies, and biological and chemical products. It maintains multiple sourcing options and reviews suppliers for conflict minerals compliance. Certain components are custom-made by a limited number of external suppliers, with sole-source supply arrangements for key components of T2Dx Instruments and specific test kit components. Supply agreements are established with most suppliers to ensure availability and flexible purchasing terms. The company maintains sufficient stock and alternate sources for critical materials despite high demand and supply disruptions. It has noted cost increases from suppliers due to inflation affecting raw materials, components, and labor, and plans to mitigate these impacts through bulk purchases and long-term supply agreements.
T2 Biosystems Inc's Comment on Supply Chain
The company procures various raw materials, including plastics, magnets, metals, electronic and mechanical sub-assemblies, and biological and chemical products. It maintains multiple sourcing options and reviews suppliers for conflict minerals compliance. Certain components are custom-made by a limited number of external suppliers, with sole-source supply arrangements for key components of T2Dx Instruments and specific test kit components. Supply agreements are established with most suppliers to ensure availability and flexible purchasing terms. The company maintains sufficient stock and alternate sources for critical materials despite high demand and supply disruptions. It has noted cost increases from suppliers due to inflation affecting raw materials, components, and labor, and plans to mitigate these impacts through bulk purchases and long-term supply agreements.
Sources:
T2 Biosystems 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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