Posted By Jeff Moad, May 30, 2014 at 11:24 AM, in Category: Redefining the Supply Chain
As the leadership crisis continues to play out in Thailand, manufacturers are receiving a clear reminder of the risks that social and political upheaval can mean to offshore production.
The country’s Office of Industrial Economics this week said Thailand’s manufacturing production index slipped 3.9% in April to its lowest point in two and half years as the country struggles to contend with social and political disruptions that, on May 22, culminated in a military coup.
The April drop in manufacturing production followed a 10.4% contraction in March.
Automobile production has been hit particularly hard, falling 14.3% in April following a 29.3% drop in March.
A drop in domestic demand has been blamed for much of the manufacturing production declines. But exports have been affected also, falling .87% in April.
Written by Jeff Moad
Jeff Moad is Research Director and Executive Editor with the Manufacturing Leadership Community. He also directs the Manufacturing Leadership Awards Program. Follow our LinkedIn Groups: Manufacturing Leadership Council and Manufacturing Leadership Summit