Disruption of procurement due to social unrest and other events affecting overseas suppliers
First written in FY2018. 2 of 5 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2022: 20 of 31 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「We are also considering production sites in countries other than China and increasing procurement from domestic manufacturers in order to diversify country risk.」
The diversification measures involving production sites outside China and procurement from domestic manufacturers continue to be disclosed as measures to mitigate country risk. - FY2022-Q1MaterialisedAnnual report
「Production delays caused by power supply problems and lockdowns in China affected the arrival of merchandise」
Production delays and impacts on the arrival of merchandise actually occurred due to social disruption caused by power problems and lockdowns in China. - FY2020MitigatedAnnual report
「We are also considering production sites in countries other than China and increasing procurement from domestic manufacturers in order to diversify country risk.」
While the risk of disruptions to overseas procurement and production materialized with the spread of COVID-19, measures to diversify that risk through production sites outside China and procurement from domestic manufacturers were outlined. - FY2020-Q3MaterialisedAnnual report
「As COVID-19 spread in China, contract manufacturing plants in China closed from January through February, resulting in impacts including delays in the arrival of new products.」
The risk of supply disruptions caused by social unrest and epidemics at overseas production and procurement locations materialized, with the closure of a contract manufacturing plant in China and delays in the arrival of new products. - FY2018First statedAnnual report
「In countries and regions where the Group conducts import transactions, problems may arise in procuring merchandise due to unforeseen events such as unpredictable natural disasters, terrorism, war, other causes of social disruption, industrial accidents, strikes and epidemics, potentially affecting the Group's operating results.」
The impact on procurement from natural disasters, terrorism, war, industrial accidents, strikes and epidemics affecting imports of merchandise from China and Europe was explicitly identified as a new risk.