JCB Ltd has identified banking liquidity issues as a challenge for its customers in India. As a result the market for the firm’s construction equipment may be “entering into a period of a trough” according to CEO Graeme McDonald. Indian imports linked to JCB fell 24.9% year over year in the three months to May 31, following a 53.1% surge in calendar 2018. Brexit-related supply chain challenges should be manageable. There’s some evidence of stockpiling to prepare for Brexit – the firm’s exports from the U.K. to India climbed 65.9% year over year while those from China and Germany fell – a...
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