Idling Japanese auto plants could affect North America production
Japanese automakers idled more plants for at least the next few days as businesses voluntarily limited electricity consumption and supply chains were disrupted in the wake of Friday's earthquake and tsunami
Japanese automakers idled more plants for at least the next few days as businesses voluntarily limited electricity consumption and supply chains were disrupted in the wake of Friday's earthquake and tsunami.
The depth of the post-tsunami damage was still being assessed, and it was too soon to say whether production in North America might be disrupted because of a delay in parts.
Over the weekend, Tokyo Electric Power warned of massive rolling blackouts through much of the country, including central Tokyo. Most businesses responded with self-imposed restraint on power use, particularly at night when shortages are expected to be most acute.
Toyota is idling all manufacturing plants through Wednesday, effectively taking 40,000 from its planned production.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey