The past few years have proved challenging for the auto manufacturing industry. Automakers faced a slew of obstacles amid the COVID-19 pandemic, but few were as far-reaching and disruptive as the chip shortage.
Median semiconductor inventories fell from 40 days in 2019 to less than five in 2021. Even as chip manufacturing has regained momentum, automakers still face demand far outpacing their semiconductor supply. Uncertainty still surrounds the chip supply chain and auto industries, and this shortage will undoubtedly have lasting effects.
