German Industry Sees Supply-Chain Snarls Lasting Well Into 2023
Newly-manufactured electric vehicles on a freight train at the Volkswagen AG plant in Zwickau, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German industrial companies expect the supply-chain issues that have disrupted production in Europe’s biggest economy to hamper output for at least ten more months.
The issues are especially dire in carmaking, electrical manufacturing and mechanical engineering, where some 90% of companies say they can’t get all the materials needed to run their factories, the Munich-based Ifo Institute said Wednesday, citing its survey of manufacturers.