A little-noticed explosion last month could disrupt the supply chain for global automakers for months, according to Morgan Stanley economist Ted Wieseman.
The March 31 explosion at the Evonik factory in western Germany, which tragically killed two, affected half of worldwide supplies for a resin essential to autoparts manufacturers. Wieseman says near-term auto sales are likely to get hit by the event, which he said has knocked the factory off line "potentially for months.
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The world's supply chain forms the backbone of our global economy, security and health, and the risks it faces are many. What to do? We cannot plan for precisely how or when, but we can plan for the fact that disruptions will strike... Read Post