Toyota’s coveted chip stockpile fails to avert huge disruption

A Toyota logo is displayed at a show in Geneva, Switzerland. Picture: REUTERS/PIERRE ALBOUY

It’s the latest sign even the best supply-chain planning is proving no match for a pandemic that virtually ground the auto industry to a halt a year ago and has plagued efforts to restore production. Toyota and BMW — two manufacturers least scathed by the semiconductor shortage in the first half — have now warned of significant blows to their operations in the coming months.

“Especially in Southeast Asia, the spread of Covid-19 and lockdowns are impacting our local suppliers,” Kazunari Kumakura, the CEO of Toyota’s purchasing group, said Thursday. The company will look at ways to further diversify its supply chains to not focus on one region and is attempting to find replacement parts from suppliers in other regions.

That may be no match for a pandemic that’s confounding scientists, governments and public-health officials, sparking fresh lockdowns around the world and wreaking more havoc on a vast array of industries.

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