Corporate,
Contracts
May 11, 2021
Immediate and long-term impacts of COVID-19 on automotive suppliers
The automotive industry was hit particularly hard by the COVID-19 pandemic and is still being impacted in ways that continue to this day.
Ann Marie Uetz
Partner
Foley & Lardner LLP
Ann Marie is vice chair of Foley's national Litigation Department, has nearly three decades of experience counseling clients in the automotive industry on issues that arise within the supply chain, particularly in financially or operationally distressed situations.
The automotive industry was hit particularly hard by the COVID-19 pandemic and is still being impacted in ways that continue to this day. Automotive manufacturers traditionally build vehicles on a JIT (“Just in Time”) basis, which depends upon a timely and uninterrupted supply of materials and components. In the case of manufacturing, it only takes one missing part to shut down a production line, and the damaging ripple effect of a material or parts shortage quickly s...
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