Daimler Vans says it is going through monumental provide chain stress

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Provide chain disruptions are nonetheless rippling throughout the globe, and the pinnacle of the world’s largest truckmaker has warned that components shortages are slowing the manufacturing of hundreds of its autos.

Daimler Truck CEO Martin Daum informed CNBC Wednesday that the present provide chain squeeze is among the many worst he is seen in his greater than 25-year profession, leading to main bottlenecks throughout the corporate’s suite of manufacturers.

“We face monumental stress on the availability chain,” mentioned Daum, whose vehicles are used for different important industries resembling logistics and building.

“I might say it is one of many worst years ever in my lengthy profession in trucking, the place we typically have to the touch a truck three, 4 instances so as to add the lacking components,” he added.

The Mercedes-Benz Truck maker said earlier this month that there were signs that a prolonged chip shortage appeared to be easing. Microchips, or semiconductors, are a vital element of recent auto manufacturing, they usually fell into quick provide through the top of the Covid-19 pandemic and resultant manufacturing unit closures.

However Daum mentioned that shortages of different components are additionally persevering with to gradual the manufacturing of hundreds of vehicles throughout its worldwide community of factories.

“Now we have, in a few factories, greater than 10,000 vehicles the place one or two components are lacking and we desperately search the world for these components,” he mentioned.

Provide chain disruptions are inflicting a manufacturing backlog on the world’s largest truckmaker, Daimler Vans.

Bloomberg | Getty Photographs

Inflationary pressures, too, are weighing closely on Daimler Truck’s manufacturing, as the prices of vitality and uncooked supplies are actually considerably larger — with some worth hikes simpler to cross on than others.

“We’re, for the time being, pushing these worth will increase on the uncooked supplies facet by means of, so we will a minimum of maintain our margins in that enterprise,” he mentioned. The corporate can be in negotiations over worker pay raises.

Nonetheless, the truck producer, whose different manufacturers embody Freightliner, Western Star and Fuso, famous some vivid spots. In the US alone, Daum mentioned, it sees pent-up demand for some 200,000 vehicles because it continues to meet up with provide shortfalls by means of 2020 and 2021.

“That, in my view, makes me optimistic that we are going to see a not too dangerous 2023. And never too dangerous is a German expression for it may very well be a great 2023,” he mentioned.

Daimler Truck last month reported an 8% year-on-year improve in first quarter gross sales, with group income up 17% over the identical interval.

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