Briggs & Stratton pays price for COVID-19 as small engine shipments sputter — Panjiva
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Briggs & Stratton pays price for COVID-19 as small engine shipments sputter

China 2970 Coronavirus 511 Financing 115 Industrials - Capital Goods 582 Tariffs 1793 U.S. 5316

Briggs & Stratton has filed for bankruptcy protection and has agreed a sale of its assets to KPS Capital. Among other issues the manufacturer of small-scale engines has suffered a slump in demand due to COVID-19. It’s also had to deal with supply chain challenges due to the rapidly changing landscape of U.S. tariffs on its imports from China. U.S. seaborne imports linked to the firm dropped by 94.5% year over year in June after a 20.8% slide in the prior three months. China still represented the lion’s share of its sourcing with 82.9% of the total in H1’20. Total U.S. seaborne imports of...

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