upcoming events

Feb 2020
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

Survey

1. What do you consider the largest Risk for your company?

2. What are the Risk Mitigation Strategies you apply?

Submit

Galleries

This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

CAREER OPPORTUNITIES

SOURCING / BUSINESS DEVELOPMENT MANAGER - FERGUSON GLOBAL

Ferguson Global is seeking a Sourcing / Business Development Manager to assist in our Southeast Asia sourcing expansion. This position will report directly to our Regional Manager based in Taiwan and work closely with our staff at Ferguson Enterprises, LLC headquarters in Newport News, VA, USA.

PROJECT MANAGER - ALCON SINGAPORE

The Project Manager (PMO) is a highly visible role that is responsible for driving the transformation activities for Singapore Replenishment Center (SRC) and 3rd party service providers’ warehouses migration from current location to a new location. This leader will lead cross-functional internal and external resources and has overall accountability of the execution and performance of projects and transformation initiatives.

WAREHOUSE OPERATION MANAGER - MAERSK

Manage DC daily operation activities at warehouse facility. To ensure strict execution of the SOP and meet KPIs.

BOSCH CEO WARNS CORONAVIRUS COULD HIT GLOBAL AUTO SUPPLY CHAINS

2020-01-30 10:32:33

Share with friends

 

BOSCH CEO WARNS CORONAVIRUS COULD HIT GLOBAL AUTO SUPPLY CHAINS

Image result for Bosch CEO warns coronavirus could hit global auto supply chains"

FILE PHOTO: Volkmar Denner, Chairman of the Board of Management of BOSCH, looks on during a news conference before the official opening ceremony of the company's new center for research and advance engineering Campus Renningen in Renningen, Germany, October 14, 2015. REUTERS/Michaela Rehle




 

 

STUTTGART, Germany (Reuters) - The chief executive of Robert Bosch, the world’s biggest auto components supplier, warned that coronavirus could impact its global supply chain, which is heavily dependent on China.

 

 

“We are naturally concerned, but on the basis of the facts today, we have no disruption to our business or supply chain,” Chief Executive Volkmar Denner said at a meeting with journalists in Fellbach, Stuttgart on Tuesday, in remarks which were embargoed for Wednesday.

 

 

Bosch is relying on China as a global manufacturing base for exporting electric motors, transmission and power electronics for electric cars.

 

 

“We need to wait to see how things develop. If this situation continues, supply chains will be disrupted. There are forecasts that predict the peak for infections will drag on until February or March,” Denner said.

 

 

 

“In Wuhan Bosch has two plants making steering systems and thermotechnologies, with around 800 employees. There have been no reports of infections,” Denner said.

 

 

Bosch’s China plants have been shut for Chinese new year and the holiday has been extended to February 3, an extension which will not disrupt Bosch’s global business, Denner explained.

 

 

Bosch has been in China since 1909 and has 23 automotive manufacturing facilities in more than 60 locations in the world’s largest auto market, which is home to the largest Bosch workforce outside of Germany.  

 

 

Bosch employs 403,000 people globally.

 

 

Bosch makes multimedia infotainment systems in Wuhu, brake booster systems in Nanjing, automotive electronics for use in connected and automated driving in Wujin, 48-volt battery systems in Wuxi and builds electric vehicle motors, transmissions, and power electronics in Taicang.

 

 

Bosch sales in Asia Pacific reached 22.5 billion euros last year, of which more than 10 billion euros came from China.

 

 

Bosch expects global automotive production to fall 2.6% to 89 million cars in 2020 due to a decline in demand in China, the United States and Europe.