The chief executive of Robert Bosch, the world's biggest auto components su...
STUTTGART, Germany - The chief executive of Robert Bosch, the world’s biggest auto components supplier, warned that coronavirus could impact its global supply chain, which is heavily dependent on China.
“We are naturally concerned, but on the basis of the facts today, we have no disruption to our business or supply chain,” Chief Executive Volkmar Denner said at a meeting with journalists in Fellbach, Stuttgart on Tuesday, in remarks which were embargoed for Wednesday. “We need to wait to see how things develop. If this situation continues, supply chains will be disrupted. There are forecasts that predict the peak for infections will drag on until February or March,” Denner said.
Bosch’s China plants have been shut for Chinese new year and the holiday has been extended to February 3, an extension which will not disrupt Bosch’s global business, Denner explained.
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