Publications

Suppliers active in the combustion engine parts and car metals segments are severely affected by deteriorating demand and a high level of competition.

US tariffs could severely impact Japanese suppliers of low value added/basic car parts, as OEMs could replace their products with tariff-free items.

Local-owned Tier 2 suppliers remain susceptible to commodity price changes and exchange rate volatility, with limited options to pass on higher prices.

Higher costs, reduced orders, price pressure and changes in the type of products demanded could put the finances of many smaller suppliers under stress.

Insolvencies are expected to increase by about 3% in the coming 12 months, mainly affecting car dealers, car part distributors and Tier 2 suppliers.

Larger suppliers could seize the opportunity of buying distressed smaller players in order to expand market share and bargaining power against OEMs.

Corporate insolvencies are on the rise globally due to the more challenging economic environment and high policy uncertainty.

Economic reforms are urgent, especially improving the governance in state-owned enterprises, as large contingent liabilities are of great concern.

Private sector debt developments in the US and China probably won’t trigger an economic crisis but could deepen a downturn, possibly triggered by the bilateral trade war.

Si le conflit commercial sino-américain devait se poursuivre, les entreprises pétrochimiques américaines seraient confrontées à des conditions de marché défavorables avec des prix en baisse.