16 Feb 2023 -

Toyota reports continuing supply chain headwinds

Toyota cars

The world’s top-selling automaker, Toyota, is still suffering production setbacks caused by the semiconductor shortage along with other industry players.

Toyota said it was “striving to quickly evaluate alternative semiconductors and respond to design changes for securing stable procurement of semiconductors.”

The carmaker has struggled to meet its production targets simply because “there are not enough semiconductors,” said Seiji Sugiura, senior analyst at Tokai Tokyo Research Institute.

But Toyota is in a better position than many of its smaller rivals as it “has strong bargaining power” with parts suppliers, Sugiura told AFP before the earnings release.

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For more help with looking at supply chain options, contact Astute Electronics

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