1 unchanged sentence
Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended August 31, 2020.
−Removed: In addition to the risk factors disclosed therein, we identified an additional risk factor, as described below.
For further information on our forward-looking statements see Part I of this Quarterly Report on Form 10-Q.
−Removed: The effect of COVID-19 on our operations and the operations of our customers, suppliers and logistics providers has, and is expected to continue to have, a material and adverse impact on our financial condition and results of operations.
−Removed: Our global operations expose us to the COVID-19 pandemic, which has had and will continue to have an adverse impact on our employees, operations, supply chain and distribution system.
−Removed: While we have taken numerous steps to mitigate the impact of the pandemic on our results of operations, there can be no assurance that these efforts will be successful.
−Removed: To date, COVID-19 has increased our expenses, primarily related to additional labor costs and the procurement of personal protection equipment for our employees globally, and has caused a reduction in factory utilization due to travel disruptions and restrictions.
−Removed: COVID-19 has now spread across the globe and is impacting worldwide economic activity, including our global manufacturing production sites.
−Removed: Public and private sector policies and initiatives to reduce the transmission of COVID-19, including travel restrictions and quarantines, are impacting our operations, including affecting the ability of our employees to get to our facilities, reducing capacity utilization levels, causing the closure of facilities, and interrupting the movement of components and products through our supply chain.
−Removed: If additional factory closures are required or reductions in capacity utilization levels occur, we expect to incur additional direct costs and lost revenue.
−Removed: If our suppliers experience additional closures or reductions in their capacity utilization levels in the future, we may have difficulty sourcing materials necessary to fulfill production requirements.
−Removed: COVID-19 has also impacted our customers and may create unpredictable reductions or increases in demand for our manufacturing services.
−Removed: Our ability to continue to manufacture products is highly dependent on our ability to maintain the safety and health of our factory employees.
−Removed: The ability of our employees to work may be significantly impacted by individuals contracting or being exposed to COVID-19.
−Removed: While we are following the requirements of governmental authorities and taking preventative and protective measures to prioritize the safety of our employees, these measures may not be successful, and we may be required to temporarily close facilities or take other measures.
−Removed: In addition, responding to the continuing pandemic could divert management’s attention from our key strategic priorities, cause us to reduce, delay, alter or abandon initiatives that may otherwise increase our long-term value or otherwise disrupt our business operations.
−Removed: While we are staying in close communication with our sites, employees, customers, suppliers and logistics partners and acting to mitigate the impact of this dynamic and evolving situation, the duration and extent of the effect of COVID-19 on Jabil is not determinable.
−Removed: We believe COVID-19 will continue to have a material and adverse impact on our consolidated financial position, results of operations and cash flows in the near term.
−Removed: In addition, the impact of the COVID-19 pandemic could exacerbate the other risks we face described under “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended August 31, 2019.
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.