July 7, 2022
ECG, the Association of European Vehicle Logistics, announced a new “open dialogue between car manufacturers and logistics providers on the way forward to restore confidence and capacity”.
More specifically car manufacturers seem to be “open to discussing minimum volume guarantees and inflation rate clauses, to support operators in the finished vehicle logistics sector,” as capacity crunch bites.
Wolfgang Göbel, president of ECG, noted “guarantees on volumes and inflation adjustments are essential, however, it is not possible to restore capacity in a flash.”
Lead times for industry assets are still very high: at least 12-18 months for a new truck and 4-5 years for new ships.
