Auto parts maker Kevin Clay landed a series of new contracts from customers early this year, and was bullish on 2020 after two challenging years.
) have not set reopening dates. Some Asian and European automakers are aiming to restart U.S. production later this month.
“If you weren’t strong going into 2020, your challenges are going to be significant for the balance of the year to get yourself back up to speed.”In March, Roth and his staff at RoMan Manufacturing took swift action as the COVID-19 crisis intensified. The Wyoming, Michigan, maker of transformers for automotive and other industries is classed as an essential business, so it remains busy as demand for robots that use their transformers remains high.
One of Roth’s critical suppliers in Pennsylvania is under lockdown due to the COVID-19 pandemic. Roth has just four to six weeks’ supply of that product and his team has figured out a way to make it in-house. But the part would cost $50 versus the $10 he pays his supplier - money he cannot recoup from customers.
“In two cases we’ve gone in and given them some financial assistance, either by buying their raw materials for them or expediting payment to them so they can pay their bills,” Dauch said.
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