Tractor-makers Deere, AGCO face fallow period as COVID-19 disrupts supply chains — Panjiva
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Tractor-makers Deere, AGCO face fallow period as COVID-19 disrupts supply chains

China 3048 Coronavirus 511 European Union 878 India 551 Industrials - Capital Goods 620 U.S. 5399

The agricultural equipment industry is facing supply chain disruptions resulting from the spread of coronavirus with major manufacturers removing their earnings guidance as a result. AGCO has flagged that its European facilities are “significantly reduced or suspended”. There will be a downstream impact on its U.S. operations, with seaborne imports from Europe linked to the firm having fallen by 52.0% year over year in the first two weeks of March. Deere & Co. meanwhile has flagged that its “U.S. federally-designated essential critical infrastructure business” means it “will continue its...

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