VF Corp Said On December 13, Detected Unauthorized Occurrences On A Portion Of Its IT Systems; Said Consumers Able To Place Orders On Most Of Brand E-commerce Sites Globally, Co's Ability To Fulfill Orders Is Impacted
Portfolio Pulse from Charles Gross
VF Corp reported on December 13 that it detected unauthorized activities on part of its IT systems, affecting its ability to fulfill orders despite consumers being able to place them on most of its brand e-commerce sites globally.
December 18, 2023 | 11:42 am
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NEGATIVE IMPACT
VF Corp's IT system breach may lead to disruptions in order fulfillment, potentially affecting sales and customer trust in the short term.
The unauthorized access to VF Corp's IT systems is likely to disrupt their supply chain and order fulfillment process. This can lead to a decrease in sales and damage to the company's reputation, which may negatively affect the stock price in the short term. The impact is considered highly relevant and important due to the direct effect on operations, and the confidence level is high as the information comes directly from the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100