Electric motor maker Nidec reported a 6.1% year over year increase in revenues in Q4’20, helped by “new stay-home demand” including brushless DC motors used in a variety of home appliance and electronics applications according to CPO Akira Sato. The firm’s supply chain has been a challenge though, despite a 14.2% year over year increase in U.S. seaborne imports linked to the firm. Indeed, CEO Shigenobu Nagamori stated “we received a lot of [complaints] from OEMs” in the autos sector. That’s led the firm to pursue selective and temporary outsourcing until demand normalizes. The electric m...
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