Statement on the impact of the Novel coronavirus outbreak
Axis has no manufacturing in China. However, some of our sub-suppliers are located in China. This means that we can expect extended lead times in our supply chain which will affect deliveries to our customers. Yet, many of our Chinese sub-suppliers that have stayed closed are now operating again and we expect more sub-suppliers to increase their operation in the next couple of weeks.
We are monitoring the situation closely and are doing our utmost to find solutions to reduce any inconveniences for our customers. This includes working with multiple sources for raw materials and components in order to mitigate risk, monitoring stock levels across our supply chain in order to prioritize our efforts, and keeping safety stocks throughout our supply chain.
We are committed to keep our partners and customers updated about how this situation develops and what consequences it might have. Since the status is continuously changing, for more detailed information regarding the impact we refer our partners to the Extended Lead Time List or to their regular channel regarding delivery information.