Navistar International's Suppliers recorded an increase in sales by 64.14 % year on year in Q2 2021, sequentially sales grew by 51.86 %, Navistar International recorded an increase in cost of sales by 6.59 % year on year, sequentially cost of sales grew by 14.86 % in Q2.
Navistar International's Suppliers recorded an increase in sales by 64.14 % year on year in Q2 2021, sequentially sales grew by 51.86 %, Navistar International recorded increase in cost of sales by 6.59 % year on year, sequentially cost of sales grew by 14.86 % in Q2.
We purchase raw materials, parts, and manufactured components from numerous third-party
suppliers. To avoid duplicate tooling expenses and to maximize volume benefits,
single-source suppliers fill a majority of our requirements for parts and manufactured
components. Some parts and manufactured components are generic to the industry
while others are of a proprietary design requiring unique tooling, which require
additional effort to relocate. However, we believe our exposure to a disruption
in production as a result of an interruption of raw materials and supplies is
no greater than the industry as a whole.
The Company’s costs for trucks and parts sold consist primarily of material
costs which are influenced by commodities prices such as steel, precious metals,
resins, and petroleum products. We continue to look for opportunities to mitigate
the effects of market-based commodity cost increases through a combination of
design changes, material substitution, alternate supplier resourcing, global sourcing
efforts, and hedging activities. The objective of this strategy is to ensure cost
stability and competitiveness in an often volatile global marketplace. Generally,
the impact of commodity cost fluctuations in the global market will be reflected
in our financial results on a delayed basis, depending on many factors including
the terms of supplier contracts, special pricing arrangements, and any commodity
hedging strategies employed.
Navistar International's Comment on Supply Chain
We purchase raw materials, parts, and manufactured components from numerous third-party
suppliers. To avoid duplicate tooling expenses and to maximize volume benefits,
single-source suppliers fill a majority of our requirements for parts and manufactured
components. Some parts and manufactured components are generic to the industry
while others are of a proprietary design requiring unique tooling, which require
additional effort to relocate. However, we believe our exposure to a disruption
in production as a result of an interruption of raw materials and supplies is
no greater than the industry as a whole.
The Company’s costs for trucks and parts sold consist primarily of material
costs which are influenced by commodities prices such as steel, precious metals,
resins, and petroleum products. We continue to look for opportunities to mitigate
the effects of market-based commodity cost increases through a combination of
design changes, material substitution, alternate supplier resourcing, global sourcing
efforts, and hedging activities. The objective of this strategy is to ensure cost
stability and competitiveness in an often volatile global marketplace. Generally,
the impact of commodity cost fluctuations in the global market will be reflected
in our financial results on a delayed basis, depending on many factors including
the terms of supplier contracts, special pricing arrangements, and any commodity
hedging strategies employed.
NAV's Suppliers Net Income grew by
NAV's Suppliers Net margin grew in Q2 to
209.66 %
9.47 %
NAV's Suppliers Net Income grew by 209.66 %
NAV's Suppliers Net margin grew in Q2 to 9.47 %
Navistar International's Suppliers Sales Growth
in Q2 2021 by Industry
Sources:
Navistar International Corporation's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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