Logitech reported an 84.7% year over year surge in FQ3’21 (calendar Q4’20) revenues due to increased stay-at-home demand for PC peripherals and audio. The firm has also made “operational improvements” according to CFO Nathan Olmstead, such that its U.S. seaborne imports declined by 3.1% in Q4’20, likely including the firm working down its inventory. Logitech has also shifted its supply chain with imports from Asia ex-China rising to 52.1% of the total in 2020 from 28.4% in 2019. In terms of products, imports of audio imports increased by 35.8% in Q4’20 while peripherals declined by 35.7%...
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