In spite of the negative impact of component and raw material shortages, executives at American automotive suppliers reveal continued strength in light-vehicle demand. That is according to the Q1 Original Equipment Suppliers Association (OESA) Supplier Barometer Index (SBI), released March 3, a gauge to measure the sentiments of North American suppliers.
Shortages of certain components and raw materials are impairing suppliers’ ability to fulfill customer volumes, resulting in a drop in the supplier outlook to 62, down from Q4 2020’s SBI of 67. However, that is still 12 points above a neutral level of 50. The Q1 OESA Supplier Barometer focused on production, planning and electrification.