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Auto industry rethinks cost-cutting playbook as COVID-19, chip shortages disrupt supply chains

6 Min Read DETROIT (Reuters) - After a year of getting hammered by the pandemic, a semiconductor shortage and storms that snarled Dana Inc’s global supply chain, the auto parts maker is reaching for a new playbook. Newly manufactured Ford Motor Co. 2021 F-150 pick-up trucks are seen waiting for missing parts in Dearborn, Michigan, U.S., March 29, 2021. Picture taken March 29, 2021. REUTERS/Rebecca Cook Many automakers and suppliers like the Ohio maker of axles, driveshafts and other auto parts, are deciding that securing their supply lines is the most pressing order of business. Dana’s Craig Price, senior vice president of purchasing and supplier development, is pushing companies in his supply network to change the way they do business, stepping away at times from the just-in-time, lean production practices that have guided automotive manufacturers for nearly 40 years.

Auto industry rethinks cost-cutting playbook as COVID-19, chip shortages disrupt supply chains

Auto industry rethinks cost-cutting playbook as COVID-19, chip shortages disrupt supply chains
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Auto Industry Rethinks Cost-Cutting Playbook As COVID-19, Chip Shortages Disrupt Supply Chains

Auto Industry Rethinks Cost-Cutting Playbook As COVID-19, Chip Shortages Disrupt Supply Chains
businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.

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