Caterpillar believes dealers will reduce inventories as much as $1.5bn in 2020 in response to depressed equipment demand
The CAT logo is seen on the front of a Caterpillar machine on a lot at Milton CAT in North Reading, Massachusetts, the US in this January 23 2013 file photo. Picture: REUTERS/JESSICA RINALDI
It anticipates dealers will reduce their inventories by as much as $1.5bn in 2020 in response to depressed equipment demand. As of mid-April, the company said about 75% of its primary production facilities were in operation. It said some facilities that had been temporarily closed had reopened.
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