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

Panjiva_research_logo

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

China 2297 European Union 545 India 377 Industrials - Capital Goods 372 Natural Disasters 171 U.S. 4088

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...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2020 S&P Global. All Rights Reserved.