As part of our ongoing commitment to keep our customers informed and updated, Flexcon is continuing to monitor the evolving situation regarding changes in US tariff policies that may impact our operations. Although It is clear that the full scope and nature of these new tariffs have not stabilized, we have begun assessing the effects on our supply chain and overall business.
As of the date of this note, these new tariffs will have a limited impact on our supply chain in the short term. This is due in part to our overall global sourcing strategy and current inventory levels. However, we do expect that some of our products will be impacted if the current tariffs are extended in terms of their duration or scope and as new inventory is replenished in the future. We continue to look for ways to hold down costs and mitigate price increases by further streamlining our operations, adjusting inventory levels and sourcing plans.
We understand the importance of maintaining transparency during times of uncertainty and would encourage you to reach out to your Sales Representative for product specific questions related to near term impacts. If market conditions related to tariffs change substantially, we will provide additional updates with as much advance notice as possible.