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Honda projects profit despite supply chain damage

from Material Handling & Logistics

Despite the extensive supply chain damage Japanese automakers experienced as a result of last year's earthquake and tsunami in Japan and flooding in Thailand in the autumn, Honda still is projecting a net profit at 470 billion yen ($5.99 billion) on sales of 10.3 trillion yen ($131.27 billion) for the fiscal year to March 2013. "Strong sales of new models as well as a strong recovery from the supply chain disruption caused by the [natural disasters] contributed to a significant increase in profit in Japan and North America automobile operations," the automaker said in a statement. more

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