Nov
25
New CEO’s and Recalled Parts Aren’t The Only Thing That Stop Production
Posted by: connorwilson | November 25, 2011 | Leave a Comment
Apple Inc. (AAPL) and Toyota Motor Corp have hit a sudden halt in production due to the worst ever earthquake to hit Japan, leading investors to rethink and assess the financial tolls of the Floods in Thailand.
Apples Chief Executive officer Tim Cook stated that Thailand is a large distributor of many Mac parts, and due to this past flood many of the highly demanded Apple Products have been put back in to order status.
Toyota on the other hand, faces many of the same issues. In this time of destruction in Thailand and Japan, Toyota has suspended production of its Camry and Prius vehicles. These floods have claimed more than 300 lives since July and shuttered more than 14,000 businesses in a country that makes “about a quarter of the worlds hard-disk drives, and serves as the southeast Asian production hub for Japanese carmakers”.
This upsetting time in the Asian Pacific not only raises concerns for humanity, but also profitability for many companies such as Apple, Toyota, Western Digital Corp. and Samsung.