Winnipeg’s NFI group talks about supply chain issues and financial losses – Winnipeg
A bus manufacturing company in Winnipeg says supply shortages turn into financial losses.
NFI Group Vice President of Strategy and Investor Relations Stephen King told 680 CJOB on Tuesday morning that a lack of specialty parts is making it more difficult to fulfill orders on time.
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“It impacts our ability to complete vehicles and to be fair to suppliers, part of that is not so much their challenge, it’s their subcontractor. They can’t get the parts into the component that we install on our vehicle, which creates downward pressure on the supply chain.
King also said the supply shortage is causing other groups to try to source parts, putting even more pressure on the supply chain.
He added that NFI Group is processing more orders than ever.
“It’s so frustrating for everyone involved because we have such demand, demand for our products, services… from government and public transport, so when we look, ‘hey okay, we we just need to overcome this…challenge’, and then things will grow quite rapidly as we capitalize on this demand.
King said these issues could persist well into 2023, but hopes the situation will normalize in the second half of the year.
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