Risk Factors Update Summary
- Supply chain challenges may persist, impacting shipping, customs processing, and logistics costs.
- Identified attractive market opportunities to drive growth through R&D and marketing investments.
- Implementation of updated ERP system may face delays, increased costs, and operational difficulties.
- Anticipate continued inflationary cost increases in 2024, affecting raw materials, labor, and logistics.
- Environmental laws impose liability, with approximately 590 claims pending against subsidiaries.
- Increased total debt outstanding to $3.8 million, with a significant increase in new indebtedness.
- Expect a negative impact of 1.0% to 1.5% on effective tax rate in 2024 due to Pillar Two Model Rules adoption.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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