23 how even less energy-intensive materials and semi-finished products, including wood – a natural raw material – have been affected by significant price rises. Unfortunately, these manifold problematic developments of recent years have obliged some of our suppliers to either realign their businesses or even cease trading altogether. Others are not far from having to suspend their production activities or parts of them. We are therefore keeping a very close eye on developments in the energy and raw materials markets and the delivery situation at our suppliers and are continuously modifying our procurement strategy. We do this with the aim of ensuring continuous availability of materials and, above all, constantly refining our procurement processes: we want to maximise resource- and energy-efficiency, minimise currency risks and reduce the environmental damage caused by long transport distances. We can see no sign of any significant and lasting easing of the raw materials market, nor has the short- and medium-term energy supply situation in Europe been resolved. These uncertainties and the resulting business risks mean we have no option but to continue to maintain the unusually high and capital-intensive stocks of materials of the last three years. Thomas Gasser Thomas Gasser Executive Director Product & Brand Development, Girsberger Holding AG Origin of supplier components Distance Procurement volume Share of procurement volume over 1000 km distance Economy
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