Remember all those concerns about suppliers? How they were going to have to ramp up production with extra costs for viral safety and without any money coming in for several weeks?
So far, it looks like they've made it through. Production ramped up, workers went home safely. The global gears of automaking started cranking again, apparently with enough cash to grease the chains.
Government support, such as the Paycheck Protection Program, helped. But at least as important, according to Martin French, a longtime supplier executive who is now a consultant with Berylls Strategy Advisors, was the value of experience: Managers who suffered through the Great Recession were smarter this time — preserving cash during the wind-down to fund the restart, for instance.
And at the same time, the industry took care of its own: sharing best practices for safety and in some cases providing financial flexibility, said French, who spent about two decades with Webasto, the German sunroof giant.
"Everyone is going to feel the squeeze," he said. "But the feedback that I'm getting is that everyone's trying to be really supportive of everybody else."
That sounds swell, doesn't it? And it is! But the story is far from over.