- Bubs (BUB) has advised the market that its supply chain will not be impacted by the ongoing coronavirus COVID-19 pandemic
- To meet the increased demand for baby formula, the company has put measures in place to sustain the continued security of its supply chain
- Bubs also announced today that its stock will not be impacted by COVID-19 as everything is packed by Australian manufacturers
- However, it will continue to monitor the position and advise the market should things change
- The company is also monitoring the health and safety of its staff
- Bubs is up 8.33 per cent on the market today with shares trading for 52 cents each
Bubs (BUB) has advised the market that its supply chain will not be impacted by the ongoing COVID-19 pandemic.
The company has put measures in place to sustain the continued security of its supply chain across Bubs Goat Milk formula and Bubs Organic Cow Milk formula to meet increased demand.
This demand comes as parents are anxious to secure supplies of infant milk formula.
The measures will also build Bub’s inventory up to ensure a steady future supply to respond quickly to further demand surges.
“We have greatly increased our capacity and are working to expand our inventory cover and meet the supply needs of our retail partners across both goat milk and organic grass-fed cow’s milk-based formula,” Founder and CEO Kristy Carr said.
“Meanwhile, to assist any Australian family still finding it difficult to access product in their local retail outlet, we have extended our free shipping offer across all orders of baby food and infant formula for any orders made on our website,” she added.
Given Bubs’ partnerships with Australian packaging manufacturers, its supply chain for raw materials has not been impacted to date.
However, it will continue to monitor the position and advise the market should things change.
Bubs is also monitoring the health and safety of its staff.
“As always, our first concern is for the health and safety of the Bubs Family,” Kristy said.
“For our Bubs Corporate office, we have implemented arrangements to underpin business continuity and the continued health and wellbeing of our people to the greatest extent possible in these testing times,” she concluded.
Bubs is up 8.33 per cent on the market today and shares are trading for 52 cents each at 12:06 pm AEDT.