What CDW Corporation told the SEC could break it.

Many products CDW sells are manufactured in Asia by its vendor partners; new tariffs, duties, trade restrictions or sanctions and regional instability could disrupt CDW's supply chain and raise product costs.

“Political, social, or economic instability in Asia, or in other regions in which our vendor partners purchase or manufacture the products we sell, could cause disruptions in trade, including exports to the US. Other events related to international operations that could cause disruptions to our supply chain include: the imposition of additional trade law provisions or regulations, including the adoption or expansion of trade restrictions or sanctions; the imposition of additional duties, tariffs, and other charges on imports and exports, including any resulting retaliatory tariffs or charges and any reductions in the production of products subject to such tariffs and charges;”

Two wholesale distributors, Ingram Micro and TD SYNNEX, account for over 25% of CDW's total purchases; loss or disruption of either, or diminished product availability, would impact supply and cost of products CDW sells.

“In addition, purchases from two wholesale distributors, Ingram Micro and TD SYNNEX, represent over 25% of our total purchases. The loss of, or change in business relationship with, any of these or any other wholesale distributors or key vendor partners, or the diminished availability of their products, including due to backlogs for their products, could reduce the supply and impact the cost of products we sell and negatively impact our competitive position.”