Toyota unveils plans to enhance supply chain security
09 September 2011
Posted by Michelle Devonshire
Supply chain security is the focus of new efforts by Toyota to improve its operations.
The company has revealed that it is aiming to improve its disaster recovery and business continuity management policies in order to ensure they are better prepared for incidents.
Toyota was substantially affected by the March 11th earthquake and tsunami in Japan, which led to shortages of components and disrupted its supply chain.
According to the automotive giant's Executive Vice-President, Shinichi Sasaki, a three-stage strategy will be implemented as the firm continues to recover from the effects of the Japanese disaster, including the standardization of parts, developing technology and enhancing procurement processes.
Speaking to Reuters, he said: "We're making checks now to see what needs to be done to enable a recovery within two weeks when the next one - expected in the Tokai region - hits."
A number of carmakers in the UK were forced to suspend or cut back production at their plants as a result of parts shortages caused by supply chain disruption in the wake of the Japanese earthquake and tsunami.