Logitech expects supply chain pinch to continue - CEO

FILE PHOTO: Chief Executive Bracken Darrell of the computer peripherals maker Logitech is seen during an interview with Reuters in Zurich, Switzerland March 6, 2018. REUTERS/Arnd Wiegmann

ZURICH (Reuters) - Logitech International Chief Executive Bracken Darrell expects logistics problems and component shortages to continue at least into early next year, he told Reuters on Tuesday.

"This supply chain challenge will continue throughout the rest of this year," said Darrell, referring to the mouse and keyboard maker's financial year which runs to March 2022.

"We will have some issues delivering at the levels of demand that are out there. But we have strong levels of inventory," he said after Logitech posted its second quarter earnings..

The company was also adding new suppliers, as well as relying on its long term relationships with some manufacturers to deal with shortage of semi-conductor chips, he said.

(Reporting by John Revill; Editing by Kirsten Donovan)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Tech News

Not for the faint hearted: 'Happy Game' is anything but
El Salvador ‘Bought the Dip,’ Acquiring 100 More Bitcoin
Keeping people awake on Zoom: Ways to liven up a digital meeting
Facebook offers remedies to address EU concerns about Kustomer deal
Paris slows rented e-scooters to 10 km/h in urban areas
WhatsApp wins approval to double payments offering to 40 million users in India - source
Mobile phone museum launches online
Payments firm Klarna's Jan-Sep losses grow on soured credits
Carmakers get inventive as global chip crisis bites
Telecom Italia loses CEO in boardroom clash amid KKR approach

Others Also Read