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Automotive Supply Chains Face a long Road to Recovery |
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The Covid-19 pandemic has hit the automotive industry hard. US car production in March was 1.7 million units, down from 2.62 million the previous month, and European output was down by at least 1.2 million vehicles by late April.
The WTO, which predicts global trade to shrink this year, foresees the most pronounced contractions in the electronics and automotive sectors. Indeed, US auto sales were almost 40% off the pace in March. In China, vehicle sales fell as much as 80% in February.
Projections for the remainder of the year are grim. Meticulous Research predicts a 12-15% dip in global sales for the year, which translates into a $5.7bn impact on the auto industry.
These numbers are in stark contrast to projections last summer – with corresponding ramifications for the automotive logistics sector.
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Powersports Transmission Systems & Parts
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Brake pads
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Booster Cable Enterprise Co., Ltd. believes that eco-friendly and user-friendly elements are created out of necessity due to advances in human technology and the desire for a better quality of life. Therefore, providing quality product and persistent leaps of innovation are Booster Cable's fundamental beliefs.
Founded in 1992, Booster Cable specializes in electric wire and cables. In the face of the demands for higher quality products' in the 21 st century, and amid intense R&D competition, Booster Cable survived thanks to its market strategies. Booster Cable not only consolidated the existing market but also increased its the market share by adhering to a persistent spirit.... |
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2020 Auto Parts & Accessories |
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