Quote:
Originally Posted by Tcoat
(Post 3321044)
Meh I am used to it. Some people don't like to hear that their imaginary little vison of the auto industry is not what it appears in magazines and the internet.
The reality is it is one of the most seriously fucked up systems there ever was (yes even Toyota) and doesn't deal with sudden changes well. All of the top dogs are running around right now screaming "OHSHITOHSHITOHSHIT" and even the best are going to have to adjust their ways.
My only message through all this has been to not expect the normal things to happen and forget what the companies said, planned or did even a month ago but somehow that just can not be believed by some. They think that it will blow over and everything will be just dandy with cars overflowing from the lots and dealers that will want to unload them for almost free.
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I missed this post and have to disagree with your first two opinions.
Toyota is famous throughout the world for their just in time manufacturing system that reacts to market demand more quickly than any other manufacturer and was copied by most. It explains why their inventory levels are usually half the industry standard 60 days for all series helping to make Toyota the most profitable auto manufacturer in history.
I've toured several Toyota plants and saw JIT in action. At the Tahara plant, based on daily sales reporting trends and US dealer request, I saw them change dies in a press bigger than a two-story traditional home and start stamping out completely different unibodies...in under an hour. At the time, no other auto manufacturer could do that even after they were invited to participate but blew it off initially.
The sudden changes underway now have never been seen before. I'm certainly not a Pollyanna underestimating the damage to the auto industry and overall economy.
Anyone can and have said there will be a new normal but I can say after sitting in on weekly Zoom meetings with senior level TMNA executives that if they're panicked, it doesn't show...yet, but Japan staffers never lost their cool even during the Fukushima event and aftermath that devastated their homeland.
Yep, there's a new normal. Who will adapt best remains to be seen but based on Toyota executives initial reactions, experience from spending my working career in the auto industry, and seeing their plans, my bet is on Toyota short and long term.
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