Despite ongoing supply chain issues, Blink has yet to feel the impact
Blink charging stations have rapidly expanded in-market presence in recent years amid growth in EV demand and the company’s recent acquisition of Blue Corner, with revenue increasing 224.0% in 2021. While supply chain disruptions hit the manufacturing sector, particularly car manufacturers, Blink has reported limited impact so far. However, the company has needed to expand hiring to fill key roles, widening net losses. Despite the continued impact of supply chain disruptions in the aftermath of the COVID-19 (coronavirus) pandemic, Blink is expected to continue to benefit as a global EV charging station operator with prominent government contracts,
COVID|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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