MARKET UPDATES – 09.02.22

GENERAL OVERVIEW

  • The Chinese new year has caused delays in the supply chain due to the on going celebrations across the country.

 

  • World’s biggest carmaker Toyota informs that low raw material availability, COVID disruptions & the global chip shortage will result in 500,000 fewer cars being made in 2022.

 

  • As order books grow all suppliers recommend securing order for 2023 and beyond as soon as possible to avoid further delays.

Leave A Comment