📊Executive Summary

The article discusses how escalating trade tensions between the U.S. and China have led automakers to urgently seek alternative sources for semiconductor chips. With the ongoing geopolitical risks, companies are scrambling to secure their supply chains to avoid disruptions. The article highlights the impact of these tensions on chip availability, with automakers facing potential shortages and increased lead times. As a result, procurement teams must adapt their strategies to mitigate risks associated with sourcing critical components from affected regions....