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According to reports, Kon Chikata, the President of Toyota who assumed office in April this year, has announced plans to streamline the variety of parts used in production as a means to boost profitability. He highlighted that there is substantial potential for optimizing expense utilization. Speaking about the break-even production volume, Chikata expressed that the current threshold is excessively high and outlined his ambition to reduce it. Simultaneously, he underscored the commitment to maintaining domestic production levels, emphasizing the pivotal role of Japan's manufacturing sector and supply chain. To ensure the resilience of the supply chain, Toyota will persist in its collaboration with suppliers, focusing on refining drawings, enhancing quality, and cutting costs.
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