26
Mar
12:35
Suez Canal blockage to hit European automotive: Moody's
Europe's manufacturing, automotive and auto supplier sectors are likely to be hit by the Suez Canal blockage because they operate “just-in-time” supply chains, credit rating agency Moody’s said on Friday.
This means they do not stockpile parts and only have enough on hand for a short period, and source components from Asian manufacturers.
Even if the situation is resolved over the weekend, port congestion and further delays to an already co…
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