‘Elevated’ Headset Demand Stressing Poly’s Supply Chain, Says Interim CEO
The pandemic is creating challenges and “opportunities for us and our industry,” supplying headsets for COVID-19's “hybrid work environment,” said Poly interim CEO Bob Hagerty on a quarterly call Tuesday. “Hybrid working trends are here to stay.” It’s estimated 30%…
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to 40% of employees globally “will continue to work from home, with many adopting a flexible work schedule, splitting their time between the office and home.” The “net effect” is a bigger total addressable market “and a long-term growth opportunity for our company, which we are working aggressively to capitalize on,” he said. Headset demand remains “elevated,” putting stress on Poly’s supply chain, said Hagerty. “Our factory in Mexico is capable of running at full capacity, but we are having to flex our production based on component availability.” The stock closed 17.4% higher Wednesday at $21.89.