Supply Chain Research

Automotive lighting manufacturing Osram has cut its EBITDA guidance by 11% citing “restrictions on trade”. As was the case with Daimler that’s just one of several reasons cited and comes after a 54% slide in its shares in the past year. The company faces two threats, the most immediate being America’s section 301 duties on Chinese exports including arc lights and LEDs. The latter accounted for 83% of its exports from China to the U.S. in the past year. The second is the broader U.S. section 232 review of the automotive industry. There’s already been a 47% decline in its U.S. seaborne imp...