Quantitative and Qualitative Disclosures Regarding Market Risk
−Removed: There has been no material change in the commodities price risk, interest rate risk, inflation and supply chain disruption risk or risk associated with the Russia/Ukraine conflict discussed in the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Quantitative and Qualitative Disclosures About Market Risk” in the Registration Statement.
+Added: Inflation Risk
+Added: During 2022, the Company has been impacted by negative effects of inflation on both our customers and our costs, including materials and labor costs.
+Added: We attempt to mitigate the impacts of inflation wherever possible.
+Added: Our mitigation strategies, including working with our vendors and suppliers to ensure that we have adequate access to raw materials to reliably provide our customers with the high-quality products they expect.
+Added: In addition, where possible, we seek to recover inflation impacted costs by passing these costs onto our customers through periodic pricing increases.
+Added: However, our pricing increases often lag our cost increases, including increases in commodity costs.
+Added: At this time, it is too early to determine what impact these inflationary pressures and supply chain disruptions will have on our long-term growth strategies, as there is uncertainty in how long these risks may persist, and to what level we will be successful in passing these increased costs to our customers.
+Added: There has been no material change in the commodities price risk, interest rate risk or risk associated with the Russia/Ukraine conflict discussed in the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Quantitative and Qualitative Disclosures About Market Risk” in the Registration Statement.
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.