The disruption to the global automotive supply chain caused by the coronavirus pandemic is being exacerbated by uncertainty fed by a lack of accurate information. At last week’s Automotive Supply Chain update webinar, presented by Ultima Media’s business intelligence unit, analysts tried to provide some clarity on the current situation and what lay ahead for the industry
The coronavirus pandemic, which is about to enter its fourth month, has now shuttered 95% of automotive assembly plants in Europe and North America, with further shutdowns spreading globally. Whether Latin America, Russia, Africa, South-East Asia and now Japan and South Korea, factories are closing because of a combination of restrictions aimed at containing the virus, drops in vehicle demand and issues with component supply. One of the main questions at last week’s Automotive Supply Chain update webinar from Automotive from Ultima Media – the business intelligence partner of Automotive Logistics – was just how pervasive and long-term the impact of the coronavirus would be on the global automotive industry, and how the crisis could fundamentally reshape global manufacturing, supply and trade
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