UPDATE: Impact of the corona virus for WAGO
Dear Business Partners,
In order to respond appropriately to the current dynamic situation regarding the spread of the coronavirus, WAGO is intensifying its emergency measures based on its pandemic plan. The preventive components apply to all locations to protect the health of our employees, prevent the spread of the coronavirus and continue doing business in the best possible way.
This includes, on the one hand, significant travel restrictions, adaptation of our meeting culture to digital meetings and broad reduction of visits to external business partners at our locations. On the other hand, we have introduced more stringent preventive measures, with a particular focus on compliance with strict hygiene and rules regarding social distance in meeting and dining areas. With the help of home office regulations (up to 30 % in the office sector) and the equalization of our workspaces, we want to further mitigate the situation.
In the future, we will be able to offset the bottlenecks caused in January and February due to production downtime in Tianjin, China by changing the shipping route from sea freight to air freight and rail; more than 90 % of our employees in China are back on board.
We are in contact with all partners in our supply chain in an effort to stay informed about possible effects at an early stage and to react. From today's perspective, we see only very few shortages on the procurement side and our inventory is also well-positioned in terms of our finished products with the exception of a few individual cases.
Moreover, the current border closures have not affected our ability to move goods.
We are closely monitoring the current situation and will continue to inform you about developments should any impact on our ability to deliver become apparent.