📊Executive Summary

The global chip shortage has significantly impacted the automotive industry, leading to production slowdowns and vehicle delivery delays. Manufacturers are struggling to source essential components, particularly semiconductors, which are critical for vehicle electronics. This shortage has resulted in constrained availability and increased lead times for automotive manufacturers, prompting them to adjust production schedules and prioritize certain models over others. The situation underscores the vulnerability of the automotive supply chain to semiconductor availability, highlighting the need for procurement teams to closely monitor supplier capabilities and market conditions....