Coronavirus Response and Preparedness

March 5, 2020

A message from Precipart regarding business continuity and security of supply

As you will know from media reports, a new flu-like coronavirus (the Novel Coronavirus or COVID-19) has been reported in a number of cities around the world in recent weeks. Local, national and international health authorities are actively engaged in monitoring the spread of the virus and providing updates and recommendations to individuals and companies.

As part of our Business Continuity Plan, Precipart is actively monitoring the situation and its impact across all the geographies where we operate. Neither Precipart, nor our network of strategic supply partners has been impacted by the virus. Nevertheless, we are taking preventative measures to limit workplace exposure for our team members and the customers and suppliers we engage with. We are proactively taking precautions to minimize interruption of business and its potential impact on our customers.

Safeguarding The Health and Well-being of People

The safety and well-being of our team members, and every person we come into contact with, is our top priority. For this reason

  • Precipart leverages multiple channels to communicate information and implement best practices in line with public health recommendations for health, hygiene and prudent action.
  • We appreciate your understanding as our interim social distancing practices include modified non-touch greetings, a temporary hold on non-essential travel, as well as replacing face-to-face meetings with teleconference and Skype services where possible.

Measures Supporting Continuity of Supply

The critical nature of our components requires Precipart to continuously review and update our Enterprise Risk Management and Pandemic plans to meet the evolving nature of threats to the global economy. Our Business Continuity Plan includes, but is not limited to the following:

  • A trusted network of strategic suppliers. Precipart’s network of suppliers is diverse across geographies and capabilities and contains dual sources of supply to mitigate vulnerabilities. We are in communication with our vendors and third parties and we are prepared to respond to any potential supply chain issues.
  • A robust IT infrastructure. Precipart has recently upgraded our IT infrastructure and we are confident that we are able to support an increase in remote work and we are able to manage any added load to client facing technology that may occur. We have multiple levels of redundancy, should a critical system fail.
  • Sound leadership. Precipart’s crisis leadership team ensures that leaders in each technical and operational domain executes their accountability as indicated, and plans are updated as new information warrants.

Precipart is committed to continuity as it relates to our products, engineering support and customer service.

We recommend that our customers take this time to review, and possibly adjust, inventory levels of critical components.

We are prepared to work with you on modifying purchase orders and managing your program to ensure business continuity.

Please do not hesitate to reach out to your customer service representative or account manager for support.

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