Toyota City, Japan, Mar 17, 2022 - (JCN Newswire) - We at Toyota have made repeated adjustments to our production plans due to the parts shortage resulting from the spread of COVID-19, causing considerable inconvenience to our customers and other parties concerned.
Up until now, we have conducted recovery production with tremendous efforts from the various relevant parties with the aim of delivering to customers as many vehicles as possible at the earliest possible date. However, due to the parts shortage, we have had to make repeated last-minute adjustments to production plans, and this has imposed considerable burdens on production sites including those of suppliers.
Under these circumstances and in light of a review of past developments, we have revised production plans to be more reasonable in line with recent realities. Specifically, we have positioned the three-month period from April to June as an "intentional pause," and we will create plans based on the personnel structures and facility capacities of suppliers. By doing this, we will establish healthy workplace environments that place the highest priority on safety and quality, rather than exceeding the capacities of facilities, pushing people to their limits, and making do through overtime work. We will then inform our suppliers of plans that incorporate production reduction risks and other factors up to three months in advance, review production plans on a monthly and three-monthly basis, and share these plans with our suppliers.
Based on the above, our global production plan for April including overseas production is approximately 750,000 units (250,000 units in Japan and 500,000 units overseas). Although the number of units we provided to our suppliers at the beginning of the year includes recovery from previous production cutbacks, due to the impact of semiconductor shortages, we have adjusted our production plan by approximately 150,000 units globally. The global production plan average from April through June is around 800,000 units.
In addition to the shortage of semiconductors, the spread of COVID-19 and other factors are making it difficult to look several months ahead, and there is a possibility that the production plan may be lower. However, we will continue to closely examine the situation of parts supply and suppliers, an make every effort to reduce the scope of sudden production cuts as much as possible, to normalize the production plan, and to reduce the burden on suppliers.
We would also like to extend our sincere apologies once again to those customers who have been waiting for vehicles to be delivered. By normalizing the production environment, we hope to deliver vehicles with high quality as many as possible. We continue to make every effort with concerned parties such as production, procurement, and sales.
The following is the schedule for the suspension of domestic operations in April due to the planned revisions.
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comWe at Toyota have made repeated adjustments to our production plans due to the parts shortage resulting from the spread of COVID-19, causing considerable inconvenience to our customers and other parties concerned.
Interview with Elena Obukhova – entrepreneur, writer, public speaker, founder and CEO at Fintech Advisory Services (FAS) – by Chris Michael Chris “Elena, thank you for agreeing to do this interview during such a difficult time. Everyone is at a loss for words. You have a very impressive background with eight years in the crypto space – […]
The New Zealand dollar’s mini-rally has come to a halt, as NZD/USD has posted slight losses. In the North American session, NZD/USD is trading at 0.6845, down 0.21% on the day. NZ Manufacturing PMI expands New Zealand’s manufacturing sector posted strong numbers this week. Earlier today, Manufacturing PMI accelerated to 53.6 in February, up from […]
Conventional thinking may have led some businesses to center their supply chain strategy around obtaining the most profitable cost, even when doing so meant assuming additional risk or lower-quality service. A supply chain that’s optimized for price alone, however, doesn’t account for today’s market demands or the complexity that’s involved in multi-enterprise, multi-tier, multi-mode, and multi-direction order flows. Within a network, there are potentially dozens of different touch points and stakeholders, all of which may have distinct systems and processes in place. Without end-to-end supply chain visibility, information becomes siloed, creating unnecessary and corrosive segmentation.
The pandemic helped expose vulnerabilities in the global supply chain ecosystem, causing shortages across sectors, from medical supplies to automobiles. The recent acceleration of supply disruptions made international headlines, but the trajectory that led us here started years before COVID-19. According to survey information gathered by McKinsey & Company, “supply chain disruptions cost the average organization 45% of one year’s profits over the course of a decade,” historical context that helps demonstrate persistent challenges to supply chain planning and logistics. The same survey also showed almost 80% of respondents said they “need to improve, and to invest in digital planning to increase supply chain visibility.”
Why are executives so concerned about supply chain visibility, specifically? The answer varies, depending on who you ask, their definition of “end-to-end visibility,” and the nature of their business.
After starting the week with gains, the euro has been on a nasty slide, which has continued on Friday. EUR/USD has dropped below the symbolic 1.10 level in the European session and is at its lowest level since June 2020. Fire at Ukraine nuclear plant sends euro lower The intensified fighting which is raging in […]
This morning, headlines in Asia have been dominated by reports that fighting had caused a fire at Ukraine’s nuclear power plant and Europe’s largest, Zaporizhzhia, in the southeastern part of the country. That sparked a risk-off move in asset classes, with equities falling and oil rallying. War reporting is a fluid situation at best […]
The ongoing crisis between Russia and Ukraine may just be bringing out the best in Bitcoin. According to Bloomber strategist Mike McGlone, the conflict may mark another step in Bitcoin’s journey to becoming the primary digital store of value globally. Bitcoin is benefiting from a spike in the price of crude Bloomberg’s chief commodity strategist,