Knotty supply chains deepen global chip shortage

News Today 28.05.2022

If the pandemic had a partner in crime, it must be the global chip shortage. The duo has hit established economic systems world-wide, and made several organisations scale back production and rework their manufacturing and supply chain processes.Toyota Corporation on Tuesday apologised to its suppliers and customers a third time in less than two months for delaying making new vehicles and changing production plans for the June ending quarter. On March 17, the Japanese automaker said it is pressing the brakes on production targets to rework a plan that will not max out factory capacity, push employees to their limits, and make do through overtime work. (Read More)


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