📊Executive Summary

Jaguar Land Rover (JLR) reported a significant impact on its sales and profitability due to ongoing global semiconductor shortages in Q2 2021. The company experienced a 12.8% year-on-year decline in wholesales and an 18.4% drop in retail sales, with substantial losses reported. Despite these challenges, JLR noted strong demand for its vehicles, with record retail orders exceeding 125,000. The company is focusing on optimizing its product mix and controlling costs to improve its financial position amidst the semiconductor crisis. The situation underscores the critical need for procurement teams to monitor semiconductor availability closely and consider strategic sourcing options....