Mr. Shuichi Imai, General Sales Manager, Yamaha Motor Europe Robotics Business

As we look to 2025, we're optimistic about continued improvements in the global supply chain. The unprecedented lead times brought on by the COVID pandemic are steadily normalizing. We're pleased to anticipate more manageable lead times for our customers, enabling us to support their production schedules more effectively. This shift signals a return to greater operational stability, allowing NEOTech to deliver the quality and reliability our customers have come to expect.

We foresee 2025 bringing a significant increase in OEMs near-shoring contract manufacturing back to North America. The cost advantages of offshoring to China are rapidly diminishing as North American OEMs prioritize value through improved production quality, streamlined communication, and enhanced protection for proprietary designs. NEOTech stands ready to support these shifts with our strategically located facilities and deep expertise in managing localized production for global markets.

NEOTech remains steadfast in our commitment to advancing manufacturing technology to meet our customers' evolving needs. We have made significant investment in automation, robotics, and AI-based software and hardware. These upgrades in our capability ensure we produce top-quality products while providing industry-leading supply chain management. By taking the material management burden off our customers, we empower them to focus on innovation and growth.

Together, we're driving excellence in product delivery and strengthening partnerships for a successful 2025.