The outbreak of coronavirus in China has forced U.S.-based suppliers to industri...
FILE PHOTO: A worker drives a vehicle carrying bicycles from Didi Chuxing's bike sharing service in the morning after the extended Lunar New Year holiday caused by the novel coronavirus outbreak, near Zhongguancun Software Park, in Beijing, China February 10, 2020. REUTERS/Tingshu Wang/File Photo
Baughman said the company has asked customers to shoulder the higher costs for the components “as we couldn’t absorb them.” Woodridge, Illinois-based Morey Corp expects to face shortages for circuit boards and casting parts next month if the stocks are not replenished. A Moline, Illinois-based supplier of Caterpillar and Deere that declined to be named said it is paying 40% more to domestic vendors for components that used to come from China - costs it is passing on to customers.
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