−Removed: Investors should carefully review and consider the information regarding certain factors which could materially affect our business, operating results, cash flows, and financial condition set forth under Item 1A, Risk Factors, in our fiscal 2019 Annual Report on Form 10-K filed with the SEC on August 27, 2019 .
−Removed: We do not believe that there have been any other material additions or changes to the risk factors previously disclosed in our fiscal 2019 Annual Report on Form 10-K, although we may disclose changes to such factors or disclose additional factors from time to time in our future filings with the SEC.
+Added: The recent COVID-19 pandemic and related economic repercussions have had, and are expected to continue to have, a significant impact on our business, and depending on the duration of the pandemic could have a material adverse effect on our business, liquidity, consolidated results of operations and consolidated financial condition.
+Added: The COVID-19 pandemic and related economic repercussions have created significant volatility, uncertainty, and turmoil in all industries around the world.
+Added: These events have directly affected our business and have exacerbated the potential negative impact from many of the risks described in our Form 10-K for the year ended June 28, 2019, including those relating to the global economy, our sales cycle, our global supply chain, and our employees.
+Added: For example, we are facing logistical challenges including border closures, travel restrictions and an inability to commute to certain facilities and job sites, as we provide services and products to our customers.
+Added: We are also experiencing inefficiencies surrounding stay-at-home orders and remote work arrangements.
+Added: Given the nature and significance of the events described above, we are not able to enumerate all potential risks to our business;
+Added: however, we believe that in addition to the impacts described above, other current and potential impacts of these recent events include, but are not limited to:
+Added: disruption to our supply chain for certain components essential to our business, including restrictions on importing and exporting products;
+Added: liquidity challenges, including impacts related to delayed customer payments;
+Added: cybersecurity issues, as digital technologies may become more vulnerable and experience a higher rate of cyberattacks in the current environment of remote connectivity;
+Added: litigation risk and possible loss contingencies related to COVID-19 and its impact, including with respect to commercial contracts, employee matters and insurance arrangements;
+Added: reduction of our global workforce to adjust to market conditions, including severance payments, retention issues, and an inability to hire employees when market conditions improve;
+Added: infections and quarantining of our employees and the personnel of our customers, suppliers and other third parties in areas in which we operate;
+Added: actions undertaken by national, regional and local governments and health officials to contain the virus or treat its effects;
+Added: a structural shift in the global economy and changes in the way people work, travel and interact, or in connection with a global recession or depression.
+Added: The combination of events described above have had, and are expected to continue to have, a significant impact on our business, and depending on the duration of the pandemic could have a material adverse effect on our business, liquidity, consolidated results of operations and consolidated financial condition.
+Added: For more information, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Overview of Business;
+Added: Operating Environment and Key Factors Impacting Fiscal 2020 and 2019 Results .”
+Added: Investors should also carefully review and consider the information regarding certain factors which could materially affect our business, operating results, cash flows, and financial condition set forth under Item 1A, Risk Factors, in our fiscal 2019 Annual Report on Form 10-K filed with the SEC on August 27, 2019 .
+Added: We do not believe that there have been any other material additions or changes to the risk factors previously disclosed in our fiscal 2019 Annual Report on Form 10-K, except as disclosed as above, although we may disclose changes to such factors
+Added: or disclose additional factors from time to time in our future filings with the SEC.
Additional risks and uncertainties not presently known to us or that we currently deem immaterial also may impair our business operations.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.