Supply Chain Volatility: The company's global operations are highly susceptible to disruptions from events like geopolitical conflicts, natural disasters, pandemics, or shortages of critical components, which can impact production schedules and costs.

Customer Concentration Risk: A significant portion of revenue may come from a limited number of large customers; the loss of one or more major customers, or a significant reduction in their orders, could severely impact financial performance.

Geopolitical and Trade Policy Changes: Operating across numerous countries exposes Flex to risks from tariffs, trade barriers, export controls, and other government policies that can increase costs or restrict market access.