, concern is spreading down the global manufacturing supply chain about the impact from Japan’s earthquake last week.
Plant shutdowns across Japan following the earthquake, tsunami and nuclear crisis threaten supplies of everything from semiconductors to car parts to manufacturers across the globe.
Even where factories in Japan are operating, power outages, shortages of fuel and raw materials and ruptured logistics mean products and parts face delays in getting to customers. Honda Motor Co said on Friday it extended a production halt in Japan, where it makes more than a fifth of its cars, for a further 3 days until Wednesday.
And, citing a memo distributed by the automaker, the Wall Street Journal reported Honda had warned US dealers it was not sure if it could resume full production at some of its Japanese plants before May.
Japan’s grip on the global electronics supply chain is causing particular concern.
The world’s third-biggest economy exported 7,2 trillion yen (US$91,3 billion) worth of electronic parts last year, according to Mirae Asset Securities. – Reuters.
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