Despite the recent spate of high-profile supplier bankruptcies in North America, only 25% of parts makers are in unstable financial condition, according to market forecasting firm CSM Worldwide. “There’s no denying that some suppliers are struggling, and we expect to see additional Chapter 11 bankruptcy filings over the next 12 to 18 months,” says Jim Gillette, CSM director-supplier analysis. “But the big picture shows that the majority of suppliers are operating smarter and staying ...
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