Forbes: How CFOs Can Invest For Long-Term Growth Amid Uncertainty
“The supply chain constraints presented opportunities for greater efficiency and resiliency. To this end, we have and are implementing both tactical and strategic initiatives to position Carrier to emerge stronger from this environment. This includes for example moving towards multiple sources of supply for critical components, moving some work to other locations globally, redesigning products using different components, automation, holding extra inventory, hedging of materials to provide more predictability in input costs for a period of time, etc. All of these options and alternatives are meant to reduce points of failure in our supply chain and require some form of analysis that our problem solvers and business partners in the finance function work on.”