Faced with tightening export controls from China, German truckmaker Daimler Truck is ramping up inventories of key raw materials to protect against supply disruptions, CEO Karin Rådström said Tuesday at a press conference in Gothenburg
Citing lessons learned during the semiconductor crisis of the COVID-19 pandemic, Rådström explained that the company had already begun stockpiling critical components like chips to reduce reliance on just-in-time delivery systems — even though this approach requires tying up more capital