Automotive
Semiconductor Shortage Costs Automakers Billions in Lost Output
Published on July 29, 2021
Ambrose Conroy explains how semiconductor shortages slashed production volumes, disrupted sales, and eroded profitability across the automotive industry.
The global shortage of computer chips continues to hammer automakers, forcing factory shutdowns and sapping sales and profits, with mixed views on when relief might arrive.
In some cases, the lack of computer chips and workers are related problems. When auto-parts makers couldn’t get enough semiconductors, some furloughed employees and then had a hard time getting them back amid booming demand for manufacturing workers, said Ambrose Conroy, founder of Seraph Consulting.
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