Successfully addressing operational issues to improve cashflow is critical for supplier survival as the automotive industry roars back to life.
News reports coming out of China in the last week have already shown this will be challenging and require new operational protocols. Surprises at startup may end up costing precious time.
The DPA can mean the prioritization of government contracts over that of private contracts. An increase in government orders is already taking place and can be expected to increase. What it could also mean is that funds are allocated towards an expansion of capacity at your facility. Loan guarantees can also be made available for people or supplies needed to expedite production capabilities and modernize equipment.
While is best to fully understand your supply chain during the launch of a new manufacturing program, taking remedial actions to form a complete overview is the next best thing.
Supply chain disruptions can be a major headache for any company. But with a good overview of the supply chain, an accurate view of the current situation, and a good plan, you can minimize the impact on your operation and keep your customers happy.
How will you respond to a crisis? Protect your operations the first time around and ensure longevity through careful preparation.
Global supply chains have been disrupted by work stoppages in China. As the coronavirus spreads, the impact will be exponentially worse.
European suppliers face numerous challenges when launching in the U.S. for their first and subsequent launches. The root causes of these issues can vary but can be boiled down to three main concerns: People, Commercial and Technical.