Hindsight being 20/20, we wish we had seen what was coming in early January and secured more inventory, but even if we had, our factories overseas shut down early and remained shut down for nearly two months. We were entering the undiscovered country of a worldwide pandemic.In early February 2020, although there were definitely rumblings of supply chain trouble overseas, everything was still going exactly as planned. Development of the Flex platform was moving forward, and we were on schedule to have enough inventory of the Apex to fulfill demand. Then the world changed . . .
Fear and uncertainty concerning the pandemic exploded. Shutdowns occurred across the country. Suddenly, everyone wanted emergency backup power. Between February 24 and March 14, we sold through over six months of inventory, even inventory that hadn’t been manufactured yet.