Traton Hit by Supply Chain Shortages, Expects Issues Into Next Year

By Reuters
Reuters
Reuters
September 22, 2021 Updated: September 22, 2021

BERLIN—German truck maker Traton SE said on Wednesday that sales in September were particularly hard hit by a global shortage of chips and other car parts, and that the company expected the shortages to continue into next year.

“Global supply chains are not only lacking chips but numerous other products … the situation is likely to continue this year and into the next,” CEO Matthias Grundler said in a statement, adding that lockdowns in Malaysia, a key chip supplier, were the primary cause of its troubles.

The warning follows a similar statement from Daimler Truck CEO Martin Daum last Friday that stockpiles of unfinished vehicles were piling up as it struggled to secure parts to fulfil orders.

Carmakers have struggled for months with global supply chain shortages forcing them to suspend production and lower forecasts of future revenues, with no clear sign of an end to the crisis.

By Victoria Waldersee

Reuters