Blink Charging Co Says We Are Strategically Insourcing Chargers To Our Blink Manufacturing Facilities; See Strong Demand For Our Products And Services As We Move Into 2024
Portfolio Pulse from Benzinga Newsdesk
Blink Charging Co announces strategic insourcing of chargers to its own manufacturing facilities, anticipating strong demand for its products and services as the company heads into 2024.
November 17, 2023 | 6:21 pm
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Blink Charging Co's decision to insource charger production is a strategic move to meet expected strong demand in 2024, which could positively impact the company's operational efficiency and market responsiveness.
Insourcing production typically allows for better quality control, reduced costs, and improved supply chain management. For Blink Charging Co, this strategic move suggests a proactive approach to scaling up operations in anticipation of increased demand for EV chargers. This could lead to improved margins and a stronger competitive position, which are likely to be viewed positively by investors in the short term.
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