There’s no visible ease on the supply-chain disruption because you can still sense the backlog at LA-LB ports. In addition, as manufacturers struggle to assemble trucks with deficient semiconductors and a host of other parts, OEMs are also taking a more cautious approach planning parts’ production for Q1.
“FTR Transportation Intelligence predicted tractors’ orders at 24,500, down 12% from September.”
Don Ake, FTR vice president, mentioned that some fleets might cancel orders in 2021 and would rebook those orders in 2022. The possible consequence of this action is that they may burden higher costs in 2022 since the price level keeps skyrocketing. In a nutshell, you can tell auto industries and fleets are painfully suffering from the everything shortage.
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“This is mainly because of serious supply-chain constraints influencing customers rather than a lack of end-user demand.”
Without the supply-chain chaos, the production would increase significantly, and orders would elevate.
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