Component shortage, CNH Industrial temporarily shuts down plants in Europe

Due to the shortage of core components, especially semiconductors, CNH Industrial will temporarily close «several of its European agricultural, commercial vehicle and powertrain manufacturing facilities», as written in a press release. «CNH Industrial is constantly reviewing its production schedules in response to this highly dynamic environment and plans to shut the concerned plants for no longer than eight working days in the month of October. The Company remains committed to optimizing its manufacturing operations to meet continued strong demand and best serve its dealers and customers», adds the global Group.

Component shortage, not only CNH Industrial in trouble

This is is not the first announcement of this kind made by an international manufacturer and it’s a further proof of the current challenging conditions for the supply chain in manufacturing all over the world. In addition to the brands working in the off-highway sector, within CNH Industrial the on-highway newco is being formed. The logo of Iveco Group – this is the name of the on-highway spin-off – was introduced a few days ago. Gerrit Marx will be in charge of the newco as designated CEO.