Sony Cuts Off Majority of Suppliers
According to MarketWatch, Sony is planning to trim down it’s supplier roster by over 50%. This seems in line with most corporate restructuring. It wouldn’t be surprising to see suppliers buying other suppliers out. If you lose a client like Sony, that is a challenging void to fill.
“Sony Corp. plans to cut ties with more than half of its parts and materials suppliers by the end of 2010, aiming to save at least 500 billion yen in procurement costs in the current fiscal year, according to a Nikkei report Wednesday. Sony’s roster of suppliers will shrink from about 2,500 to 1,200, the report said, with Sony expecting its procurement costs to fall to around 2 trillion yen ($21.2 billion) in the year ending March 2010, down from about 2.5 trillion yen a year currently.”
- MarketWatch Inc.
[Source]
5 Responses to “Sony Cuts Off Majority of Suppliers”
Leave a Reply
You must be logged in to post a comment.
May 22nd, 2009 at 8:50 AM
ummm ok, how about dropping the price of the ps3.
May 22nd, 2009 at 11:33 AM
@Sneeches
lol shouldn’t matter to you or me.. we BOTH have one.
May 22nd, 2009 at 4:20 PM
Yeah but don’t you want 2?
May 22nd, 2009 at 4:39 PM
Lol ya Sneeches unless you want to buy another one.
May 22nd, 2009 at 9:16 PM
Holy shit!
And no. I only need one PS3