Squeezed suppliers under more pressure: With tough finances, relief is hard to come by.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
  • Additional Information
    • Abstract:
      '0 to 100' not possible Suppliers are likely to quickly burn through what little inventory they do have and, if they were forced to lay off or furlough workers during the strike, might find they don't have enough workers ready to come back at a moment's notice - or that their Tier 2 suppliers could be having the same issue. The UAW's strike against the Detroit 3 has made an already precarious financial situation for suppliers even more fraught - and the automakers might be in part to blame, industry experts said. Doing so is important, Rustmann said, because contracts between suppliers and their customers would typically allow automakers to levy financial penalties on suppliers if production doesn't accelerate at the speed they expect. [Extracted from the article]