Ford weighs on U.S. trade activity, implements new supply chain strategy — Panjiva
Más

Supply Chain Research

Ford weighs on U.S. trade activity, implements new supply chain strategy

China 2971 Cons. Discr. - Autos 1179 Earnings 725 European Union 826 Mexico 881 Quote Watch 452 Trade Balance 932 U.S. 5317

U.S. international trade activity increased by 11.1% in June 2021 versus June 2019, held back somewhat by automotive exports and imports which fell by 14.3% and 11.8% respectively. The automotive downturn is likely linked to the ongoing shortage of semiconductors. The disruption may take some time to unwind, with Volkswagen indicating it expects “chip supply to gradually improve from the third quarter onwards”. Ford’s is more circumspect and the firm has altered its supply chain strategy. The firm’s CEO, Jim Farley, has stated that Ford is now “engaging directly with the fab[ricators] of...

Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.