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January 24, 2022updated 25 Jan 2022 5:27pm

Toyota announced further production cuts in January

This was in addition to the planned production cuts announced earlier this month for February, affecting eight of 14 plants in Japan.

Toyota Motor announced further production cuts at the end of last week due to a combination of semiconductor shortages and covid-prevention measures.

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How is Toyota ensuring its future success?

Toyota is accelerating digital growth and serving their clients better. The company is investing in emerging technologies to maintain its segment operations, drive site traffic and revive its business prospects amid COVID-19.  Toyota AI Ventures along with Toyota Research Institute (TRI) launched the Call for Innovation initiative to promote innovation around robotics technology. It made a significant amount of investment in startups working on mobile technologies for assistive robots.  Our Enterprise Tech Ecosystem report on Toyota provides you with information and insights into their digital transformation strategies, including: 
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Japan’s leading automaker said it would halt operations at 20 of its 28 Toyota and Lexus production lines, in 11 of its 14 vehicle domestic assembly plants, for up to three days from last Friday. Operations are scheduled to resume on this Tuesday.

This comes in addition to the planned production cuts announced earlier this month for February, affecting eight of its 14 plants in Japan. The company had already warned that it is unlikely to meet its global production target of 9 million vehicles in the current fiscal year ending on 31st March,

With this latest announcement, Toyota will cut production by a total of 47,000 vehicles in January, as the struggle to secure enough semiconductors to carry out its production plans. The company is having to rethink its lean production strategy, based on minimal inventory, which has made it the world’s most efficient vehicle producer over the last 30 years.

A Toyota spokesman said in a statement: “we are doing our utmost to deliver our vehicles to our customers as soon as possible. We deeply apologise.”

Free Report
img

How is Toyota ensuring its future success?

Toyota is accelerating digital growth and serving their clients better. The company is investing in emerging technologies to maintain its segment operations, drive site traffic and revive its business prospects amid COVID-19.  Toyota AI Ventures along with Toyota Research Institute (TRI) launched the Call for Innovation initiative to promote innovation around robotics technology. It made a significant amount of investment in startups working on mobile technologies for assistive robots.  Our Enterprise Tech Ecosystem report on Toyota provides you with information and insights into their digital transformation strategies, including: 
  • Overview of technology initiatives covering partnerships, product launches and investments 
  • Insights into its accelerator & innovation programs 
  • Details of estimated ICT budgets and major ICT contracts 
  • Partnership network map 
Download the full report to align your strategies for success and get ahead of the competition. 
by GlobalData
Enter your details here to receive your free Report.

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