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.
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
Over 70 percent of organizations recorded at least one supply chain disruption in 2010. The earthquake and its long-lasting aftershocks to global supply chains have prompted a complete rethink in supply chain management. Read Post
At 8:30 a.m. ET, we'll get a new estimate for Q3 GDP growth. Economists estimate Q3 GDP growth will be revised up to 4.3% from an earlier estimate of 3.9%. From Morgan Stanley's Ted Wieseman: "Inputs released since the first revisio... Read Post