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<title>Ford to restructure supply chain following $1 billion in unexpected quarterly costs</title>
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<description>Ford Motor on Thursday announced plans to restructure its global supply chain, days after the company said it expects to book an extra $1 billion in unexpected supplier costs during the third quarter. The supply chain restructuring aims to &#x26;#x201C;support efficient and reliable sourcing of components, internal development of key technologies and capabilities, and world-class cost and quality execution,&#x26;#x201D; the automaker said in a release. snip On Monday, Ford said recent negotiations resulted in inflation-related supplier costs running $1 billion higher than previously expected during the third quarter. The announcement, including a pre-release of some earnings expectations, caused Ford&#x26;#x2019;s stock...</description>
<author>CNBC</author>
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<pubDate>Thu, 22 Sep 2022 18:14:39 GMT</pubDate>
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