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Stock impact report

A Very Agile Supply Chain: The Inside Story Of AGCO’s Response To COVID-19 [Forbes]

Deere & Company (DE) 
Last deere & company earnings: 2/21 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.deere.com/home/default.aspx
Company Research Source: Forbes
AGCOAgricultural equipment manufacturers have certain advantages that other multinational manufacturers do not. The world needs farmers to continue to plant and harvest crops. As such, companies like AGCO and Deere & Company are what the U.S. calls “federally designated essential critical infrastructure businesses.” That ungainly phrase means these companies are critical and can stay open if they can demonstrate and maintain safe working conditions for their employees.The other advantage agricultural equipment manufacturers have is that despite the recession, demand for their products remains high. For AGCO, there are plants that have order banks extending many months. And the need for spare parts never goes away.Greg Toornman, Vice President, Global Materials, Logistics, and Demand Planning at AGCOBehind the scenes there is a remarkable story of resiliency occurring at AGCO. I’ve long admired AGCO’s supply chain risk management and strategic sourcing capabilities. AGCO supply chain e Show less Read more
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