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    Global Truck Players: Q1 2022 Review

    Munich, May 2022

    Global Truck Players: Q1 2022 Review

    Munich, May 2022
    T

    he global truck players Daimler, Traton, Paccar and Volvo are regularly monitored by Berylls commercial vehicle expert Steffen Stumpp.

    Here are his major findings for Q1 2022:

    • Supply chains remain uncertain
      The Ukraine war has added even more uncertainty to supply chains which have been under stress since the recovery from the sharp market decline in Q2 2020. With Shanghai being in lock-down, there are significant risks looking forward.
    • No signs of weakness on the demand side
      Although there are first signs of economic slow-down on the horizon, the need for new trucks is still considerably high. There is a massive pent-up demand and a huge order backlog – 2022 production is sold out.
    • German OEMs have homework to do
      While Volvo and Paccar are very profitable with double-digit margins, both Daimler and Traton need to improve performance, namely for Fuso, MAN and Navistar which are below 5% RoS.

    Can’t wait to read more? Download the Insight now!

    Berylls Insight
    Global Truck Players: Q1 2022 Review
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    Authors
    Steffen Stumpp

    Partner

    Andreas Oesinghaus

    Associate

    ABOUT THE AUTHOR

    Steffen Stumpp (1970) joined the Berylls Group in October 2020 as Head of Business Unit Commercial Vehicles. At this point, he already looked back on extensive professional and leadership experience in the commercial vehicle industry. Stumpp started his career in an OEM and went through different roles in research, marketing, product planning and after-sales service. When he switched to the automotive supplier industry, he took over the responsibility for worldwide sales and marketing of a medium-sized tier 1 supplier. After another step as head of sales he decided to join Berylls, where he is now responsible for the commercial vehicle business.

    Stumpp is a graduate engineer and has studied industrial engineering at the KIT in Karlsruhe and the Technical University of Berlin with focus on logistics.