World’s largest truck maker says it’s facing enormous supply chain pressure

Supply chain disruptions have become a part of our daily conversation and today, Daimler Truck CEO is expressing that he hasn’t seen supply chain pressures this bad ever in his career. CNBC reported that, “the Mercedes-Benz Truck maker said earlier this month that there were signs that a prolonged chip shortage appeared to be easing. Microchips, or semiconductors, are a critical component of modern auto manufacturing, and they fell into short supply during the height of the Covid-19 pandemic and resultant factory closures”.

There is an international network of factories that are experiencing delays in and shortages of parts. Inflation pressure is another factor contributing to supply chain pressures for Daimler Truck. “Daimler Truck last month reported 8% year-over-year increase in first-quarter sales, with group revenue up 17% over the same period”. Click here for the full story.