Indus Motor Company Limited, the folks who put together those sleek Toyota vehicles in Pakistan, have been navigating some rough terrain lately. They've announced the closure of their production plant yet again, this time until October 9, 2023.
In a recent bulletin to the Pakistan Stock Exchange (PSX), Indus Motor Company revealed that this decision comes as a result of taking a long, hard look at their current inventory of vehicles. From September 28, 2023, to October 9, 2023, they're putting the brakes on production (pun intended).
But this isn't the first pit stop for the company this year. Just a short while ago, they had to shut down the plant from August 25, 2023, to September 6, 2023. Their reason back then? Well, they noticed the demand for their cars wasn't exactly revving up, and their inventory was stacking up in the garage.
Before that, there was another pit stop from July 21, 2023, to August 3, 2023. This time, it was all about hurdles on the road to getting their hands on the raw materials they needed. Issues like clearing consignments and opening letters of credit (LCs) threw some serious roadblocks their way. These snags not only affected Indus Motor Company but also their trusty vendors who supply them with the necessary materials. The result? A supply chain that resembled a traffic jam, leaving them with insufficient raw materials and components to keep production rolling.
Even earlier, on June 26 and June 27, 2023, they had to temporarily close shop, and you guessed it, it was for the same reasons: supply chain troubles due to raw material and clearance issues.
Post A Comment:
0 comments so far,add yours