Ford Motor’s stock had its worst day since 2011 after an expected additional $1 billion dollars in supplier costs in the 3rd quarter, alone. Ford has said a restructuring of their global supply chain is in the works following the announcement of additional supplier costs.
The restructuring will aim to increase “efficient and reliable souring,” along with development of internal tech and execution.
Ford assured that this restructuring is simply an acceleration of Jim Farley’s plan for company growth.