Global supply chains are slowing due to concerns and measures taken to handle the COVID-19 (Coronavirus disease) outbreak. Numerous factories in China halted production in February and now many are having difficulty or are slow to resume production.
China’s efforts to control the spread of Coronavirus through roadblocks, checkpoints, and quarantines have contributed to slow production and crippled supply chains.
Production facilities that have resumed production are working under-staffed and are underproducing. This is in part due to Chinese officials requiring businesses to record temperatures of employees and provide face masks.
According to BBC, China’s official measure of manufacturing activity, Purchasing Manager’s Index, has fallen to a record low from January to February; from 50 to 35.7. Overall, Chinese factories were only operating at 60%-70% of their capacity in the last week of February.
Multiple heavy equipment manufacturers and producers have production facilities located in China, such as Volvo CE, Caterpillar, Komatsu, Hitachi Construction Machinery, and more, which may feel the effects of the slowed supply chain.
Companies, dealers, and consumers looking to order replacement parts for heavy equipment and machinery may find long lead and shipment times due to the slowed production and scattered supply chains.
With over 113,000 confirmed Coronavirus cases and over 110 countries affected, China will not be the only country to suffer slowed production facilities. With more and more confirmed cases in the United States, heavy equipment and heavy equipment parts production may slow in the United States as well.
With the Coronavirus fears affecting the stock market and world economy, bids for construction and other projects requiring heavy machinery will be competitive. This means that equipment uptime and usability is more important than ever.
At Lippert Enterprises, we have brand new, genuine parts from over 1,000 heavy equipment brands. Ranging from the on-highway truck, construction, mining, forestry, agriculture, and crane industries. Because our parts are brand new and genuine, they are perfect for conversion, disassembly or retrofit projects if the exact part needed is not available.
With the ability to ship worldwide, Lippert Enterprises is prepared to support various businesses as they deal with potential equipment part production shortages.
To view our inventory, go to https://lippertonline.com to request access to our online portal. If you have questions about our inventory, need help accessing the portal, or have any questions about Lippert Enterprises, you can contact our sales team at firstname.lastname@example.org or 1-419-281-8084.