More than a week after the earthquake and tsunami, many of Japan’s key automakers and electronics firms are struggling to get their operations back up to speed.
Needless to say, the impact is being felt throughout the global supply chain, as Japanese companies supply parts and components to other manufacturers worldwide.
- Production at Toyota’s 12 main assembly plants in Japan remain closed until at least Tuesday, resulting in lost production of 95,000 vehicles. And the company’s repair parts manufacturing is only scheduled to resume later this week.
- Honda extended the halt to its Japanese production until March 23.
- Vehicle production at Nissan will only restart on March 24, but only for as long as supplies last. And while the company has begun limited operations at five of its parts plants in Japan, its losses are estimated at about $25 million a day.
Do NOT Deposit Another Dollar in Your Bank Account Until You Read THIS
A CIA insider has launched an urgent mission to expose the government’s secret money lockdown plan…
Once you see what could happen next time you go to an ATM, you’ll understand why he’s sending a FREE copy of his new book to any American who answers right here.
Other non-Japanese carmakers are affected, too, with Renault and General Motors either idling or cutting back their production schedules, due to potential parts shortages.
A similar picture is emerging in the technology sector…
- Halts at two of Toshiba’s factories could mean production delays for Apple’s iPad 2. The tablet uses memory chips from Toshiba, with batteries made by Apple Japan and screens from Asahi Glass.
- Seven of Sony’s plants remain shut, causing delays in the production of products like Blu-ray discs. Other affected firms include Canon, Panasonic and chipmaker Renasas.
Even unaffected Japanese manufacturers face hurdles from logistics and shipping issues.
Bottom line: Japan’s automakers and tech firms are struggling to resume production, which is causing growing concerns over the global supply chain.