3 Growth Stocks That Are Immune to Supply Chain Risks
The coronavirus pandemic has disrupted numerous lives and economies around the world over the past year, including supply chains for various businesses and services. Many companies are having a hard time getting the materials they need to make their products and fulfill customer demand. Others that are getting sufficient material to continue to produce are doing so only because they planned well or paid a premium to ensure they got what was needed.
COVID-19 outbreaks at some of the busiest ports in the world have only made matters worse, slowing down the loading and unloading of cargo ships. Some recent examples of supply chain problems have involved companies like Peloton (NASDAQ: PTON), which said it had to spend an extra $100 million to use air freight to ensure customers receive delayed products. Home Depot (NYSE: HD) management said the company went to the extreme measure of securing its own cargo ship to temporarily get around the problem and ensure supply.
It's a big problem for many companies, but some have been much less affected by supply chain issues. In fact, the nature of their business means they are effectively immune to supply chain problems. Three such growth stocks are Netflix (NASDAQ: NFLX), Pinterest (NYSE: PINS), and Roblox (NYSE: RBLX), and they could actually benefit if supply chain issues persist.
Source Fool.com
