What Stryker Corporation told the SEC could break it.

Several of Stryker's raw materials, components, finished devices and services are procured from a sole source due to quality, unique IP or regulatory constraints; if a sole-source supplier cannot deliver (financial difficulty, disruption, acquisition, disaster, embargo, tariffs), Stryker may be unable to manufacture certain products and cannot always establish replacement suppliers.

“several raw materials, components, finished devices and services are procured from a sole source due to, among other things, the quality considerations, unique intellectual property considerations or constraints associated with regulatory requirements.”

In 2025 the U.S. announced new tariffs on goods imported from dozens of countries including China and EU member states, prompting threatened/imposed reciprocal tariffs; Stryker expects tariffs to increase certain product costs and adversely affect demand and results.

“In 2025 the United States government has announced new tariffs on goods imported into the United States from dozens of countries, including China and the European Union member states. In response, governments have threatened or imposed reciprocal tariffs or taken other measures”

Stryker has previously experienced limited product availability from an electronic-component shortage in certain product lines and may face similar shortages; separately, ~24% of net sales are denominated in foreign currencies (AUD, GBP, CAD, EUR, JPY), exposing it to exchange-rate fluctuations.

“in the past we have experienced limited product availability due to an electronic component shortage in certain product lines. If a similar shortage occurs in the future with respect to any raw materials or components, we may not be able to obtain them from our suppliers on a timely basis”

Stryker's principal manufacturing/distribution facilities are spread across 13 U.S. states (incl. Puerto Rico) and outside the U.S. in China, France, Germany, Ireland, Mexico, the Netherlands, Poland, Switzerland and Turkey; damage to facilities, suppliers or central distribution centers from disasters could disrupt operations.

“We have principal manufacturing and distribution facilities in the United States in Arizona, California, Florida, Illinois, Indiana, Michigan, Minnesota, New Jersey, Puerto Rico, Tennessee, Texas, Utah and Washington, and outside the United States in China, France, Germany, Ireland, Mexico, the Netherlands, Poland, Switzerland and Turkey.”