Diversifying Procurement Risk by Expanding Sourcing Channels and Considering Alternative Products
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023-Q2.
0 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「Amid continuing concerns about global shortages of electronic components and other items, we worked to maintain flexible production and sales activities, including by expanding our supplier base.」
In response to electronic component shortages, the company continues to expand its supplier base and maintain flexible production and sales activities. - FY2023-Q1AdvancedAnnual report
「Regarding the impact of the spread of COVID-19 on the Group, concerns about shortages of electronic components and other items worldwide remained. The company pursued flexible production and sales activities, including expanding its sources of supply, and some customer visits and events, including product exhibitions and business meetings, resumed. As a result, the impact on performance for the cumulative first quarter consolidated period was minor.」
The company states that, in response to electronic component shortages, it actually expanded its supplier base and worked to maintain flexible production and sales activities. - FY2022First statedAnnual report
「In procurement, we will diversify risk, including by expanding our supplier base, and work to promote stable production and supply activities.」
As a response to procurement constraints such as electronic component shortages, the company explicitly identified risk diversification through measures including expanding its supplier base as a new initiative to stabilize supply.