For Marian Bocek, the coronavirus is a reminder that Europe needs to reduce its dependence on China, especially when it comes to making parts for the next generation of cars and trucks.
The coronavirus pandemic is just the latest disruption to hit global supply chains, and endanger the stability of key suppliers. But many retailers don’t seem to have learned the lesson of past such events.
Automakers are anxious to get their assembly lines rolling again, especially since leaving factories idle is costing them billions of dollars by the week.
The coronavirus pandemic has brought chaos to supplier-buyer relations the world round, resulting in widescale invoking of the contract-breaking clause known as force majeure.
Even as Asia slowly reopens after its lockdown, factories there risk running short on supplies as the virus spreads to countries that produce vital raw materials.
