Yokohama Tire Corp. continues to grow its tire portfolio in 2022, most recently launching the ultra-high-performance Advan AO55, a DOT-approved "max-grip" shallow-grooved tire designed for use in open-tire category racing classes.
Stan Chandgie, Yokohama executive vice president of sales and support, said the company plans for two more ultra-high-performance product launches this summer and will also unveil an all-season van tire this fall.
How would you describe business thus far in 2022?
A lot like the past two years, there have been a lot of uncertainties (inflation, interest rates, etc.) and rising costs (fuel, labor, supply chain, etc.). Nevertheless, we have been able to grow the business and outpace the rest of the market. We'll continue to actively monitor the market conditions and work closely with our partners to ensure mutual success.
How has Yokohama managed supply chain issues in the last year? When do you expect the situation to ease?
For starters, we have been able to generate more domestic production for both our consumer and commercial divisions. We also opened up a new distribution center in Wilmer, Texas, last year, which allows us to not only hold more inventory but reduces transit times both from the plants and ultimately to our customers when the product is needed most.
Finally, we continue to try to find creative solutions with our customers to respond to these challenges. As far as "easing" is concerned, one only needs to look at some of the port congestion overseas today to recognize the log jam that we could see on our shores very soon. Ultimately, we are preparing as if these issues will be with us for the foreseeable future.