What W.W. Grainger, Inc. told the SEC could break it.

Grainger sources from more than 5,000 primary suppliers worldwide (none over 5% of purchases); unexpected product shortages, cost increases, and trade/tariff policy changes affecting those suppliers could harm customer relationships and results.

“Unexpected product shortages, product cost increases and risks in trade and tariff policies associated with Grainger's suppliers could negatively impact customer relationships or result in an adverse impact on results of operations. Grainger's products are purchased from more than 5,000 primary suppliers located in various countries around the world, not one of which accounted for more than 5% of total purchases in the year ended December 31, 2025.”

Grainger's transportation costs are exposed to fuel price fluctuations and some sourced products contain commodity-priced materials, though it mitigates via alternative sourcing, passing inflation to customers, and scaling distribution.

“Commodity Price Risks Grainger's transportation costs are exposed to fluctuations in the price of fuel and some sourced products contain commodity-priced materials. The Company regularly monitors commodity trends and, as a broad line supplier, mitigates any material exposure to commodity price risk by having alternative sourcing plans in place that mitigate the risk of supplier concentration, passing commodity-related inflation to customers and continuing to scale its distribution networks, including its transportation infrastructure.”