Steelcase (SCS) has disclosed a new risk, in the Technology category.
Steelcase faces significant risk during the implementation of its new global ERP system, pivotal to its manufacturing, financial reporting, and decision-making. With the application development phase initiated in Q3 2024, the transition to a cloud-based solution by 2026 is fraught with potential complexities and delays. Any unforeseen disruptions or cost overruns could divert crucial resources, impairing Steelcase’s operational efficiency and financial well-being. Moreover, the requisite reengineering of operating and financial processes heightens the risk of information loss and operational disruption, posing material threats to the company’s stability.
Overall, Wall Street has a Hold consensus rating on SCS stock based on 1 Hold.
To learn more about Steelcase’s risk factors, click here.
