As the United Auto Workers strike in the United States makes headlines, automakers have also been renegotiating labor contracts with Canadian union Unifor, which represents 20,000 auto workers. Given the deep interconnectedness of the U.S.-Canada automotive supply chain, any U.S. disruptions are bound ... READ MORE >
auto manufacturing
The UAW strike’s potential impact on U.S. auto sector
The United Auto Workers union strike comes at a critical time when U.S. automakers are trying to position themselves as global leaders, especially on the electric vehicle front. An enduring UAW strike could have significant financial implications for automakers, causing them to redirect crucial ... READ MORE >
Protests’ ramifications on the Canadian economy
The trucker convoy has shuttered the Canadian economy, with consequences reaching far beyond cross-border trade and encompassing the supply chain, inflation, the labor market and economic growth. The protests, which led Prime Minister Justin Trudeau to declare a national public order emergency on ... READ MORE >
CHART OF THE DAY: Strong automobile demand amid supply chain disruptions
The demand for automobiles continues to rise amid reports of chip shortages that are hurting production. This suggests that there will be strong profit margins in the auto manufacturing sector despite the missed opportunities to meet robust demand. This will ensure continued solid demand for middle ... READ MORE >
CHART OF THE DAY: Darkness before the dawn in global auto manufacturing
Global auto production has declined 32% on a year-ago basis largely because of the combined impact of the global trade war and pandemic. But as dour as that reality is, there are signs that the disruptions to global supply chains will ease as the global economy emerges from a deep slump and the ... READ MORE >