CHALLENGES OUR MITIGATION STRATEGIES RESULT Potential occurrences of delays in the time taken to introduce new products to the market Assessments are ongoing as we are currently focused on addressing market needs We executed a restructuring exercise within the organisation to merge our technology teams with sales & marketing teams in order to enhance internal efficiencies High global demand for equipment, leading to long delivery lead times While we experienced some delays in equipment delivery during FY2022, the impacts were manageable We adjusted our practices to engage with suppliers earlier to mitigate potential delays Interruptions within our global supply chain precipitated by the Russia-Ukraine conflict and China’s Zero COVID-19 policy Minimal impact to production in FY2022 We identified alternative suppliers that are qualified, and undertook necessary stockpiling measures to mitigate future interruptions KEY CHALLENGES, MITIGATION STRATEGIES AND RESULTS OUTLOOK AND PROSPECTS As pent-up demand released at the end of COVID-19 lockdowns evens out in FY2023 and prices begin to soften, SilTerra will leverage on our diversification into new emerging technologies to achieve an increase in our average selling prices and fuel future growth prospects. To maximise our potential returns, we have engaged with customers and partners to identify specific technology sectors with the best prospects and accordingly made shrewd investments to obtain the equipment and capabilities to fulfil this impending demand. We will also consistently monitor our time-to-market, profitability and revenue generation as we aim to efficiently and effectively grow our market presence in these sectors in the coming years. 83 DNeX INTEGRATED REPORT 2022
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