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COVID-19 Update 3-20-20

Gibbs COVID-19 Update 3-20-20

March 20, 2020

Status Update on Coronavirus (COVID-19) and Our Supply Chain

To:  Our Valued Customers and Suppliers,

We want to provide you with a status report of key areas of our business that relate to the coronavirus:

Status of material supply:  We are starting to see some disruption in supply from foreign mills.  We have not experienced any disruption as yet from domestic mills due to the coronavirus at this time.  However, we believe we have ample inventory at this time.  This applies to wire and strip products.  

Status of our operations:  We are not experiencing any significant operational issues at this time.  We are taking all prudent measures to limit the impact of the virus on operations.  This includes allowing employees to telecommute.  It also includes staggered attendance at work in some areas.  We have also restricted all visitors to essential personnel.  All travel by our outside sales team has been curtailed.  We are following the Centers for Disease Control (CDC) guidelines for protection and prevention.

We will remain open as a critical business.  Please note that we qualify as a Federal Critical Infrastructure business according to CISA (Cybersecurity and Infrastructure Security Agency).  This is due in part to our place in the supply chain for critical areas such as medical, and critical manufacturing.  

Status of transportation: We are working closely with our freight forwarders to ensure we have uninterrupted service.  We do see potential risk in this area that could lead to higher rates. We are monitoring this closely. At this time there has been no disruption.

We will continue to keep you updated if any of the above change.

We wish you and your employees the very best during this challenging period.  

Sincerely

Bill

William J. Torres

President