Deere Workers Strike for First Time Since 1986

The video discusses a major worker strike at Deere, affecting 36% of its US and Canadian workforce. Despite short-term production risks, the strike is not expected to have a significant financial impact unless prolonged. Supply chain disruptions are a major concern, but Deere has managed well with strong pricing strategies. Wage increases are inevitable, but Deere's leadership in pricing is expected to mitigate cost pressures.

What is the primary reason for the labor strike at Deere & Co.?

• A shortage of agricultural machinery

• A decline in global market share

• A national labor shortage

• An increase in production costs

How does the timing of the strike help mitigate its impact on Deere & Co.?

• It happens when demand is at its highest

• It aligns with a major product launch

• It coincides with a peak in production

• It occurs during a seasonal production decline

What challenge is Deere & Co. facing in addition to the labor strike?

• A shortage of skilled labor

• A rise in competitor market share

• Supply chain disruptions

• A decrease in global demand

How has Deere & Co. managed to offset some of the cost pressures?

• By expanding into new markets

• Through effective pricing strategies

• By increasing production

• By reducing employee wages

What is the expected impact of wage increases on Deere & Co.'s margins?

• No impact due to high demand

• Significant margin pressure

• Minimal impact due to pricing strategies

• Complete offset by cost reductions