Steve Wybo: West Michigan auto suppliers ‘under threat’ from tariffs seek to pass costs along – MiBiz
Steve Wybo was featured in MiBiz‘s article titled “West Michigan auto suppliers ‘under threat’ from tariffs seek to pass costs along.”
Pridgeon & Clay is part of a much larger group of auto suppliers in West Michigan and around the country that are feeling the brunt of the tariffs, according to Steve Wybo, a senior restructuring and management consultant at the Grand Rapids office of Conway MacKenzie Inc., a turnaround firm.
“It’s on the minds of every CEO and every auto supplier in the world right now, but certainly in North America, just because some of these margins are thin,” Wybo told MiBiz. “If you’re a metal stamper or a metal bender of some sort, your input costs went up big time. They went up pretty sharply, almost overnight.”