How The Auto Industry Is Adapting To The Chip Shortage

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Automotive industry executives are paying more attention to the supply chain while monitoring suppliers as the industry moves to adapt fast and strong methods to cope with the high demand for automotive products caused by the global chip shortage.

Looking at the different car manufacturers, many seem to adapt individually to the situation.

While Ford plans to shut down one plant and reduce revenue by $2.5 billion in 2021, General Motors has developed a method whereby the best-selling and fastest-spinning models are brought to the top of the product range through targeted orders.

Other well-known manufacturers have also been affected by the chip shortage, and as AutoForecast Solutions puts it: “Virtually no manufacturer nor a region has been untouched.”

For more information, read the original story in TechRepublic.


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