How do you see things - what will happen next?
7 replies (most recent on top)
Who thinks we'll do more layoffs this year?
Not looking good
It makes me chuckle that the engine control module were being built at the Kimball facility in Wuhan. Karma at its best.
AT the very least half of the Chinese population (around 700 million or more) haven't been working in any of those factories and/or any chinese production for over a month and in fact 2 months and growing. There is only 365 days/12 months in a year. So any delay even for a day can set stuff back. The reason the market is going ham is 3 things. The Coronavirus being worse than they are letting, two the financial markets knowing that the supply chain with at least a two months disruption will be hitting us and other places around the world like a tidal wave and three if you have to have the economic bubble popped might as well do it now and with this reason instead of blaming the bankers.
It's not just Cummins. Look at the stock market. Look at the Feds lowering interest rate again. Recession is coming.
I see Cummins about to "reap the bitter fruits" of its decision to chase cheap parts/labor in China. If and when the China supply chain feeding Cummins greed breaks down.....I'm going to laugh and laugh and laugh......
- G
As parts become short in supply I could see production lines shutting down and line workers being temporarily sent home.