![]() However, he added, he is ready to start "sleeping at the factory" if that is what it takes to minimize disruptions and keep production going whatever the fallout from the strike. ![]() That gauge deteriorated 10.7%, from 39.7 to 35.4, over the past year.īack at Aznavorian’s company, Clips & Clamps Industries in Plymouth, Michigan, it’s "still business as usual," he said. RapidRatings calculates "core health scores" for privately owned auto parts companies - based on a 100-point scale - which looks at their returns, cost structures, and capital structure. And now, with higher interest rates and tougher borrowing conditions from banks, many of them are vulnerable. Gellert noted that many of these firms depleted their cash reserves during the pandemic. But moving deeper into the supply chain, "we find smaller, mostly private companies that rely on limited sources of capital." James Gellert, executive chairman of RapidRatings, a financial analytics firm, said the automakers and their largest suppliers are relatively healthy. Other measures also point to a supply base that was strained even before the strike. The effect something is likely to have on other things. ![]() "Certainly, they would have to lay off workers - it’s just a question of how long they could go without revenue." He estimates 30% of smaller suppliers carry too much debt to survive a long strike. His narrative on social injustices in third world countries had an emotional impact on viewers. : to be affected badly : to be harmed Many families have been hit hard by the layoffs. "Many of them would find it very difficult to survive that," he said. If the strike expands, it would only be a matter of weeks before some smaller suppliers faltered, said Marick Masters, a professor of business at Wayne State University. Jeffrey Gundlach says stocks look expensive and he expects a recession in the first half of 2024. "A lot of these companies were just starting to get their legs underneath them again" after COVID and semiconductor chip shortages, said Laurie Harbour, CEO of Harbour Results Inc., a manufacturing advisory firm in Southfield, Michigan. Jeffrey Gundlach is CEO of DoubleLine Capital.
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