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  • Ford to restructure supply chain following $1 billion in unexpected quarterly costs

    09/22/2022 11:14:39 AM PDT · by dynachrome · 55 replies
    CNBC ^ | 9-22-22 | Michael Wayland
    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 “support efficient and reliable sourcing of components, internal development of key technologies and capabilities, and world-class cost and quality execution,” 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’s stock...