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AUTOZONE *PENDING STORE-WIDE TRAINING* TO: ALL SOUTHEAST REGION TEAM DISTRICT, PARTS, AND STORE MANAGERS SUBJECT: HOW AUTOZONE WILL NAVIGATE THE IMPENDING SUPPLY SHORTAGE OF PCMOs (MOTOR OIL), HDEOS (DIESEL ENGINE OIL), AND SPECIALTY FLUIDS Team, When speaking about unusual or historic supply chain disruptions, it's common for those of us who have been in the business for a moment to reference situations from decades ago. But the truth is, if you've been with us for even a year, you've already worked through one major supplier loss and related re-branding. If you've been with us for just a bit longer, you worked through one of the most difficult reshuffling of inventories and changes in sales flow in our company history during COVID. That's why I'm not worried by what we're facing today. Preparation and the dedication of every one of our team members will see us through this just as you all did before. So what new challenge are we facing? In the interest of total transparency there's zero benefit in mincing words: Due to the unfolding situation in the Middle East, we're facing the largest supply shortage of lubricating fluids in the modern history of America. Realistic, middle-of-the-road estimates are for our average available supply in this product category to drop by 40%.