15 November 2022

Performance Update

This is an update on the impact of the current supply chain disruptions on our third-party logistics operations.

Stock on hand (aggregate for all clients) increased substantially over 2021:

From August 2022, there was a substantial increase in the number of units that we were ordered to ship:

This resulted in an increase in the number of units being shipped after the target date. 

Overdue Units peaked at the end of October and are continuing to decline. That is a result of us increasing storage space, acquiring new equipment, and recruiting more staff.

We continue to work hard to reduce the number of overdue units and will keep you updated on progress.

Daniel Silva

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