📊Executive Summary

The article discusses the significant impact of the ongoing semiconductor chip shortage on U.S. automakers, leading to a notable decline in vehicle sales. The shortage has forced manufacturers to halt production lines and reduce output, resulting in constrained availability of vehicles in the market. Automakers are struggling to meet consumer demand, which has led to increased prices for new and used cars. This situation highlights the critical need for procurement teams to monitor semiconductor sourcing and consider alternative suppliers to mitigate risks associated with the ongoing shortage....