Global automotive suppliers bounce back
Large automotive suppliers weather the storm, private companies still at risk
The automotive supplier industry has certainly seen better days, but according to a new report by BBK , an international business advisory firm, the financial situation of large global automotive suppliers has stabilized over the last year.
The percentage of companies reported to be amidst financial problems, decreased by 5%, from 22% in 2006 to 17% in 2007. The study also notes that privately owned North American suppliers are still extremely vulnerable to any industry changes. Half of all such suppliers have potential to find themselves in financial trouble.
Publicly-owned North American suppliers are slightly more stable with only a 26% chance of anticipated financial distress.
A comprehensive version of the report can be found on the BBK ratings website .
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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