Supply Chain Visibility ‘Continues to be Low,’ Says Volvo CEO

The COVID-19 pandemic and its “ripple effects” on different industries, especially automotive, "is yet not over," said Volvo Group CEO Martin Lundstedt on a Q4 earnings call Friday. Supply chain visibility and predictability continue "to be low,” he said. Demand will continue to outpace supply in the coming quarters, he said: “Since the summer, we have taken an even more conscious choice to run our productions on high levels and with extra flexibility.” The strategy is “not optimal in the short term when it comes to efficiency,” but it made Volvo more nimble “in a bumpy second half,” and deliveries and market share increased, he said.