Company experiences increased demand during the 2021 holiday season
Supply chain delays have limited downstream company inventory while theft has been on the rise, particularly affecting small and medium businesses. In an effort to facilitate sales of company security solutions, ADT put out advisory outlining key issues for customers. Two key issues have been a rise in theft. A chip scarcity and semiconductor shortage have limited supply of electronics, resulting in an increased rate of theft of these products. ADT also reported a rise in organized retail crime, citing data from the National Retail Federation. Consequently, before the 2021 holiday season, ADT benefited from rising demand for sensors, surveillance cameras and access control systems.
COVID|Balance Sheet|Product Innovation|New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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