Vishay Precision Group, Inc.

Climate Impact & Sustainability Data (2013, 2015)

Declining business conditions in Japan
ERP implementation caused manufacturing inefficiencies and slowdown in shipments
Lower demand in Japan during the first half of 2013
Higher manufacturing costs in the third quarter of 2013 related to a new product launch
Supply chain disruptions due to limited number of suppliers for certain materials
Fluctuations in foreign currency exchange rates
Political, economic, and military instability in countries outside the United States

Restructuring programs to reduce costs (including workforce reductions and plant closings)
Shifting manufacturing emphasis to more advanced automation
Relocating production to regions with lower labor costs (India, Costa Rica, Israel, China, Taiwan)
Implementing cost reduction programs
Maintaining safety stock inventory of critical materials
Internal policies and procedures to manage market risks
No arrangements to mitigate or hedge against exposures relating to fluctuations in foreign currency exchange rate

Medium-term Goals:

Deliver mid- to high-single digit top-line growth, gross margins above 40 percent and operating margins above 10 percent over the next three years.

Slow global industrial recovery made planning and investment by our customers difficult.
Strengthening U.S. dollar masked organic growth.
Several end markets (steel, oil and gas) continued to decline.
Adjustments in global economies and currencies put pressure on operations and reported results.

Global restructuring and cost reduction plan announced (expected $6.7 million savings in 2016).
Consolidation and streamlining of product lines in Foil Technology Products and Force Sensors segments.
Relocating force sensor manufacturing from higher labor cost locations to owned facility in India.

Taking steps to determine the use, source, and origin of tin, tantalum, tungsten, or gold in our global product portfolio.