Japan parts shortage looming, suppliers say

This spring, U.S. suppliers are going to be hammered by the aftermath of the earthquake that crippled Japan's auto industry.

Just in case you have any doubts about this, consider a recent survey of 103 automotive suppliers by the Original Equipment Suppliers Association.

Seventy-nine of the respondents said they receive parts from Japan. Of those, only 37 percent said their Japanese suppliers had assured them they would meet delivery schedules.

One third of the U.S. suppliers have been unable to assure transportation of components out of Japan. And two-thirds said their customers may cut production over the next 45 days.

This disaster isn't limited to Japan. We're all in this together.