📊Executive Summary

The European automotive industry is preparing for imminent disruptions in semiconductor supply, prompting car manufacturers and suppliers to engage in crisis meetings with government officials. This proactive approach aims to develop contingency plans to mitigate potential impacts on production and delivery schedules. The urgency of these discussions highlights the critical role that semiconductor availability plays in the automotive sector, particularly as the industry faces ongoing challenges in sourcing essential components. Procurement teams should closely monitor these developments to anticipate potential supply shortages and adjust their sourcing strategies accordingly....