Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 155

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 155
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 well as foreign. Some of our competitors are larger, more vertically integrated
companies that have greater financial and other resources, greater manufacturing economies of scale, greater energy self-sufficiency,
and/or lower operating costs.

Certain
paper and wood products are vulnerable to long-term declines in demand due to competing technologies or materials.

Companies
in the paper and packaging industry are subject to possible declines in demand for their products as the use of alternative materials
and technologies grows and the prices of such alternatives become more competitive. Any substantial shift in demand from wood and paper
products to competing technologies or materials could result in a material decrease in sales of our products and could adversely affect
our results of operations, cash flows, and financial position. We cannot ensure that any efforts we might undertake to adapt our product
offerings to such changes would be successful or sufficient.

14

Because
we service customers in a variety of industries, we may be particularly impacted by general economic downturns.

Our
Corrugated Packaging Business provides packaging for third-party customers in a variety of industries, including pharmaceutical and
e-commerce companies. Certain of our Corrugated Packaging Business customers provide goods that are discretionary items for
consumers. Therefore, their business, and in turn our Corrugated Packaging Business, depends on the strength of the retail,
commercial, and industrial sectors of the economy in various parts of the world, and trends therein. During a downturn in the
economy, consumer purchases of discretionary items are affected, which could materially lower our customers’ demand for our
packaging products, and negatively affect our profitability and financial condition.

We
incur significant expenses to maintain our manufacturing equipment and any interruption in the operations of our facilities may harm
our operating performance.

We
regularly incur significant expenses to maintain our manufacturing equipment and facilities. The machines and equipment that we use to
produce our products are complex, interdependent, and have many parts. We must perform routine maintenance on our equipment and will
have to periodically replace a variety of parts.

Disruptions
to our Corrugated Packaging Business could occur due to any number of circumstances, including prolonged power outages, mechanical
or process failures, shortages of raw materials, natural catastrophes, disruptions in the availability of transportation, labor
disputes, terrorism, changes in or non-compliance with environmental or safety laws, and the lack of availability of services from
any of our facilities’ key suppliers. Any facility shutdowns may be followed by prolonged startup periods, regardless of the
reason