📊Executive Summary

Daimler AG is reducing work hours for up to 18,500 employees and temporarily idling two factories due to a global semiconductor shortage. The company will suspend production at its Bremen and Rastatt assembly centers for one week starting April 23, as it lacks sufficient electronic parts to maintain normal output. Other automakers, including Stellantis and Jaguar Land Rover, are also cutting production due to the ongoing chip crisis. While the semiconductor shortage has been severe, recent comments from TSMC's CEO suggest a potential easing of the crisis in Q2 2022, as they increase output. This situation highlights the ongoing challenges in the automotive sector related to semiconductor supply, which has significant implications for procurement strategies....