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SOUTHFIELD, MI — Marelli, a global automotive parts manufacturer and supplier, has made the decision to temporarily suspend manufacturing operations in many of its North American plants.
MARANELLO, Italy — Ferrari has closed its two factories in Italy, facing an emerging parts shortage amid a virus outbreak that has hit Italy especially hard.
Cleveland, OH — CEOs of companies facing global supply chain challenges can find local solutions with U.S. suppliers, declared five American manufacturing trade associations in an open letter to CEOs. The trade associations represent more than 3,500 companies in industries that employ more than 475,000 Americans.
BEIJING—Airbus has shut down a factory in China that accounts for almost 10 percent of the production of its most popular jet, as precautions taken to contain the coronavirus outbreak ricochet across global industries.
LONDON—Additive manufacturing could reduce U.S. imports from China by 10 percent to 25 percent over the next 20 years, according to a recent report from Fitch Ratings Ltd.
On Feb. 21, West Coast port employers and their union reached a tentative five-year agreement on a new contract. The pact concludes a nine-month standoff that resulted in significant slowdowns at 29 ports from Los Angeles to Seattle.
NEW YORK—More than half of manufacturing executives report that supply chain disruptions have become more costly over the past three years, and 45 percent think their supply chain risk management programs are only somewhat effective or not effective at all, according to a new survey by Deloitte Consulting.
