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Old 19-02-2020, 12:51 AM   #1
Sprintey
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Default Re: Coronavirus Closes 5 Hyundai Factories.

https://www.reddit.com/r/Coronavirus..._for_products/

"The economic fallout from this is going to be life changing."

Franco's lucky his guys make things in house...

https://www.smh.com.au/business/mark...18-p5420a.html

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Old 19-02-2020, 07:05 AM   #2
Franco Cozzo
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Default Re: Coronavirus Closes 5 Hyundai Factories.

Quote:
Originally Posted by Sprintey View Post
https://www.reddit.com/r/Coronavirus..._for_products/

"The economic fallout from this is going to be life changing."

Franco's lucky his guys make things in house...

https://www.smh.com.au/business/mark...18-p5420a.html

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Bring on the dramas, there's a tonne of opportunity here to snatch some business back from China.
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Old 19-02-2020, 10:18 AM   #3
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Default Re: Coronavirus Closes 5 Hyundai Factories.

Welcome to the global ecosystem where everything is connected to everything.

https://www.smh.com.au/business/comp...19-p5423o.html

Jaguar Land Rover 'out of parts in two weeks' as coronavirus hits production

Even though there may be redundant manufacturing facilities in China, we are now seeing what happens when redundant systems go offline at the same time and Just In Time delivery methodology have a head-on collision. I can just imagine the Corporate Risk Management experts saying "this should never happen" except it can and it has.
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Old 19-02-2020, 11:36 AM   #4
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Default Re: Coronavirus Closes 5 Hyundai Factories.

Ah, the JIT delivery system we were told is so efficient. Why make parts in house (as Henry did) and self stock when you can be vulnerable to supply disruptions half a planet away.

This one will become a textbook case study in business classes as well.

& yep, it's an opportunity to take business back.

Other CV news, apparently Florida has an outbreak and isn't telling the journos numbers, even though they did with Zika virus.

So, with parts beginning to run low/ run out - how does this affect local pricing of items? Say a Suby Outback, currently on runout for $39990 iirc. Not that Japan is hit by this yet, but hypothetically, if there aren't any more coming for a while, this would tend to make those available a higher price? Or will it be a firesale anyway if people are fearful and choose to delay big ticket items?
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Old 19-02-2020, 01:28 PM   #5
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Default Re: Coronavirus Closes 5 Hyundai Factories.

I had someone want modifications done on a product manufactured in China, they baulked at the cost.

China got first dibs
China did it wrong
China isn't interested in fixing it
China says you can buy another xxxx and we'll fix it
Customer approaches Franco to get them out of trouble
Customer wants Chinese price but Melbourne service
Franco says cya bro

If they paid a little more I could have the whole product done in 2 weeks, and make changes at any step of the process.

But no, buy another 4 figure quantity out of China and wait 150 days.

Sometimes it's just better to say no to something.
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Old 19-02-2020, 02:03 PM   #6
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Default Re: Coronavirus Closes 5 Hyundai Factories.

https://www.reddit.com/r/Coronavirus...ue_to_covid19/

more from reddit
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Old 20-02-2020, 11:25 AM   #7
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Default Re: Coronavirus Closes 5 Hyundai Factories.

Qantas slashes flights as coronavirus costs top $100m

https://www.smh.com.au/business/comp...20-p542ih.html
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Old 20-02-2020, 03:36 PM   #8
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Default Re: Coronavirus Closes 5 Hyundai Factories.

Just heard from our work PPE committee that our supplier cannot source P2 disposable masks or disposable gloves anywhere in the country.

Apparently our supplier has been approached by the Chinese suppliers offering 5 times the original purchase price to purchase the items back. The supplier has now specified a maximum of two boxes per customer as they have had folks asking for more. Apparently they are buying up as much stock as they can and are returning them to China, in a similar way to the baby formula issue.

Mate's son works at the local Kmart. They normally run 4 shifts per week to unload new supplies. This has been cut to two.

The tentacles are spreading....
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