Procurement Risk from Raw Material Supplier Shutdowns and Human Rights Issues
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2021: 35 of 55 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「For materials considered particularly important, we assess the risk factors for each material, seek second production lines, second plants and second suppliers, and secure inventories sufficient for a certain period. We also maintain close communication with major suppliers, including by regularly providing forecasts of order volumes, in an effort to ensure stable procurement.」
Continuing to address procurement risks arising from raw-material supplier disruptions and human rights issues by seeking alternative production lines, plants and suppliers, securing inventory and sharing forecasts. - FY2023RestatedAnnual report
「For materials considered particularly important, we seek second suppliers and secure inventories sufficient for a certain period. We also maintain close communication with major suppliers, including by regularly providing forecasts of order volumes, in an effort to ensure stable procurement.」
Continuing to address raw-material procurement risks from supplier disruptions and human rights issues through alternative sources of supply, inventory holdings and forecast sharing. - FY2022First statedAnnual report
「Our Group's contact lenses, its main products, use mainly petroleum-derived plastic raw materials, while aluminum sheets are used in the packaging. If any of the suppliers of these raw materials becomes insolvent, suffers a disaster or is found to have committed human rights violations, procurement of the raw materials may become difficult.」
Newly disclosed the risk that the bankruptcy, disaster-related damage or human rights issues of raw-material suppliers could make procurement difficult or lead to production stoppages. Measures include securing inventories of critical materials and sharing forecasts with suppliers.