Rivian's production is set to be reduced by 18% due to a critical supply chain miscommunication with its sole supplier of copper windings, Essex Furukawa.
The impact of this supply chain fumble is significant, demonstrating how a single error in planning can ripple through production schedules and financial forecasts.
Rivian's stock price took a hit after the announcement, reflecting investor concerns over the mismanaged supplier relationship and its implications for future growth.
This incident underscores the inherent challenges within the EV industry, where precise coordination with suppliers is crucial for maintaining production targets and stock performance.
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