Newswise, March 2, 2012, Friday

Newswise

March 2, 2012, Friday

Newswise (full article)

One Year Later, Impact of ‘Great Tohoku’ Quake Still Being Felt

Art Wheaton is a Workplace and Industry Education Specialist for the Buffalo, N.Y.-based Institute for Industry Studies at Cornell’s School of Industrial and Labor Relations.

“The deadly and devastating Tsunami in Japan had a serious impact on Toyota production and inventory. Toyota suffered more than $1.3 billion in losses attributed to production delays and losses from its suppliers. On this one-year anniversary, Toyota is focused on recapturing market share and building better vehicles.

“In my view, the impact of the tsunami on Toyota will not be significant for 2012.”