Supply Chain Woes Threaten Global Recovery

News

Libyan Air Strikes Drive Up Oil Prices...
Posted on 3/21/2011
Japanese Disaster Is Stressing Global Supply Chain...
Posted on 3/21/2011
Japanese Parts Shortage Halts General Motors Production...
Posted on 3/21/2011
US Manufacturing Numero Uno...
Posted on 3/7/2011
Senate Makes One Change To Healthcare Law, Rejects Repeal...
Posted on 2/3/2011

view all

Blog

Engineering Hotline

Spending time you don't have on your connector design? Have a few wild ideas that you would like to run past someone that specializes in stamping design? Our engineers will help answer your questions or walk you through the design process.

Library

General

Mantec made an impact on Die-Tech

view all

Supply Chain Woes Threaten Global Recovery

Posted on Aug 02, 2010

Large industrial companies around the world are defying fears of a “double-dip” recession, reporting signs of increasing strength in demand and striking a cautiously optimistic note about the growth of the global economy.

Many industrial groups reported better-than-expected profits for the second quarter and raised their full-year growth forecasts. However, big manufacturers could be held back by their inability to secure vital components from supply chains weakened by the downturn and unable to increase production fast enough to meet demand.

Caterpillar, FedEx and Honeywell in the US, Honda and Hitachi in Japan, and Siemens in Europe all raised their outlooks last week, while results from companies such as Boeing, Nissan, BASF and VW exceeded analysts’ consensus forecasts.

Yet some suppliers to large industrial multinationals that cut costs sharply in the early part of the downturn are finding it hard to increase production capacity rapidly, while many report that financing remains expensive and difficult to access. Manufacturing supply chains in the US and Europe are showing signs of straining to cope with demand.