IEN Radio

Auto Supplier Wants to Be Paid Amid Production Slowdowns

October 18, 2021 Eric Sorensen
IEN Radio
Auto Supplier Wants to Be Paid Amid Production Slowdowns
Show Notes

Since the beginning of the year, the global auto industry has been plagued by a lingering shortage of semiconductors that stems all the way to the beginning of the COVID-19 pandemic.

The crisis is impacting the entire supply chain, from the world’s most well-known car brands down to the lesser-known manufacturers that make their components.

One of the latter companies, evidently, is tired of being hung out to dry by its automaker customers — and wants to be paid accordingly.

Novares, a French company that makes plastic parts used in one in every three vehicles around the world, says some 2,000 orders have been cancelled on short notice this year, with at least 100 of those orders scrapped with less than 48 hours’ notice.