The Coronavirus and its Impact On The Supply Chain of Global Automotive Aftermarket

We should support for a major effect on manufacturing worldwide. Automotive Companies have already put plans in action, but the worst is yet to come. We will not know the true effect of the pandemic until sometime in the future as the impact ripples down the supply chain.

The global automotive industry, which imports more than $34 billion in motor parts from China annually will be significantly impacted. In fact, companies throughout the supply chain are already being forced to make tough decisions – slowing or halting production, resourcing products and reevaluating revenue.

The global manufacturing industry is in the midst of an evolution. New consumer needs, advancing technology – AI and automation – and an uncertain trade environment are just a few of the factor’s companies have been grappling with over the past few years. In 2020, the situation for manufacturers has become even more challenging with the COVID-19 outbreak, which is affecting supply chains and disrupting manufacturing operations around the world.

Read more at: Forbes News