📊Executive Summary

The global automotive industry is facing a renewed semiconductor crisis, which is driving up car prices and exacerbating existing shortages. This crisis is attributed to ongoing supply chain issues that have persisted since the pandemic, leading to increased costs and longer lead times for vehicle production. As automakers struggle to secure the necessary chips, the situation is expected to impact vehicle availability and pricing significantly. Procurement teams must be aware of these developments as they navigate sourcing strategies and supplier relationships in a tightening market....