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3M Relies On Regional Suppliers To Meet The Growing Demand For Masks Amid Coronavirus Outbreak

By John F. Heerdink, Jr.

Coronavirus has taken the lives of more than 3,200 people and has reached more than 80 nations  & increasing the demand for medical supplies like face masks and sanitizers due to huge demand from citizens all over. As per the Reuters report, 3M (MMM) has ramped up testing and production of its single-use N95 respirator masks, equipped to filter out 95% of airborne particles among the current Coronavirus outbreak. The company is avoiding any supply chain disruptions from the outbreak by bringing in materials for masks from regional suppliers and not from distant locations. U.S. Vice President Mike Pence in charge of the coronavirus response team in the U.S is looking for 35 million additional masks per month from 3M. 3M produces all of the components of the filters in its N95 respirator masks in house,  but purchases other materials from regional suppliers, like the straps and metal nose clips needed to hold the masks in place.

“If we start to see disruptions, we’ll certainly work to alert our customers. At this point in time, we are able to manufacture and we are continuing at capacity for respirators. Since we have this regional manufacturing model, many of our items are coming regionally. And we’re working with our supply partners very closely to monitor the situation.”  stated Nikki McCullough, global lead for occupational health and safety at 3M.

“The demand is outstripping capacity right now, and we’re working 24/7 to ramp up and be able to meet as much of that demand as we can,” stated CEO Michael Roman at an industry conference last month.

3M (MMM) is a global science company that seems to never stop inventing. Using 46 technology platforms, their integrated team of scientists and researchers works with customers to create breakthroughs. Their inventions have improved daily life for hundreds of millions of people all over the world. With $30 billion in sales, 90,000 employees connect with customers all around the world. Scientists, researchers, and marketers work across countries and across subjects to solve challenges big and small. To learn more about 3M (MMM) and to track its ongoing progress please visit the  Vista Partners 3M (MMM), Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: 3M taps regional suppliers to meet soaring demand for masks in Reuters)


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