COVID-19’s Immediate Impact on the Automotive Supplier Industry
QAD
APRIL 21, 2020
million units in 2020, down 13.8% If we use North America as an example of what is happening globally, many suppliers in North America were forced to halt production in March due to quarantine measures. These mega-mergers started in 2020 planning to address these structural issues, and then COVID-19 hit. million units.
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