DEARBORN – As demands on suppliers increase, so must the lengths of their contracts, says the founder of Heartland Industrial Partners L.P. “The supplier base is rapidly absorbing former OEM fixed costs and becoming much more asset-intensive,” says David A. Stockman, a former Reagan Admin. Cabinet member. While suppliers are being asked to take more responsibility for design and engineering, their costs are rising accordingly, Stockman warns. “We’re willing to take on the burden, but we ...
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