Telit’s supply chain includes several contract manufacturers that support its production requirements. One of the Group’s suppliers in China resumed partial operations in early February 2020, following the government mandated extending closure for the Chinese New Year holiday period. The remainder of the Group’s suppliers restarted production fully during February 2020. Consequently, Telit is currently facing minimal impact on its production plan but will continue to work with its suppliers and customers closely to avoid any disruption that can come from the components’ supply chain. In that regard, we are closely monitoring the situation in Malaysia, that may have some effect on our material supplies, and taking specific actions to reduce the risk, if any.
In the last two years, Telit already certified core business operations under the international standards of ISO 22301 and ISO 27001. As part of the implementation of these standards, we created and adjusted technological solutions to support seamless business operations and allow business as usual under these extreme situations. Telit continuously invests in its business processes and guidelines to minimize risks and maintain service levels for our customers. To that end, Telit maintains a robust remote access network architecture to support our staff for remote working. Telit confirms that these processes worked as intended, verifying our infrastructure and business continuity standards.
Telit continues to follow the developments in the outbreak of the coronavirus very carefully and is working proactively with our teams and partners in the region in compliance with local governmental regulations.