John Deere seeing reduced inventories for construction equipment, particularly compact equipment, and expects demand to exceed production this fiscal year, which ends in October 2021.
“Demand for earthmoving and compact construction equipment will exceed our production for the year, resulting in low inventory levels as we exit the fiscal year,” said John Stone, president of the Construction & Forestry Division.
The company also continues to experience supply-chain challenges, particularly freight and material costs.
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