Ford to Restructure Supply Chain

Ford will be restructuring its supply chain in response to nearly $1 billion in unexpected supply chain costs, according to CNBC.

The supply chain restructuring aims to “support efficient and reliable sourcing of components, internal development of key technologies and capabilities, and world-class cost and quality execution,” the company said in a statement.

The effort will be led on an interim basis by Ford Chief Financial Officer John Lawler until a chief supply chain officer is selected, according to the report.

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