Rising inflation, parts availability, and COVID-19 were some of the topics discussed during Wednesday’s Heavy Duty Manufacturers Association. Nearly 80 percent said inflation of materials, components, freight, and labor, while 21 percent reported the availability of materials, components, freight, and labor.
Following a weak 2019, there has been a very steady rise in truck orders. Intake in the Class 8 market is almost 160 percent higher than it was for the first eight months of last year.
This isn’t to say the industry is going to absorb the impact of any shutdowns that come from COVID — they certainly would be a cause of the greater disruption.
At 40 percent were raw material and semi-finished good procurement. Thirty percent of respondents reported labor force readiness and availability. One-fifth of respondents said one of the biggest challenges is inbound/outbound shipper availability and cost
Write A Comment