Toyota plans to shut down most of its plants in Japan for several days next week, blaming a parts shortage caused by the magnitude 7.4 earthquake that hit eastern Japan on Wednesday.
Japanese auto maker plans to idle factories and further cut production, saying parts shortages are taking their toll on operations
The Covid pandemic has strained global supply chains, causing freight backlogs that have driven up costs. Now, some companies are looking for longer-term solutions to prepare for future supply-chain crises, even if those strategies come at a high cost. Photo Illustration: Jacob ReynoldsTOKYO— Toyota Motor Corp.
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