Semiconductors: Without a chip, there is no new car
PRODUCTION LOSS Due to the ongoing chip shortage, 7.7 million fewer vehicles are expected to be produced worldwide this year. This volume corresponds to a shortfall of around $210 billion. Global consulting firm AlixPartners, which also has a presence in Switzerland, has published an updated forecast on the impact of the chip shortage in global automotive production. Overall, the firm forecasts, [...]
Global consulting firm AlixPartners, which also has a presence in Switzerland, has published an updated forecast on the impact of the chip shortage in global automotive production.
Overall, the firm forecasts that 7.7 million vehicles will be out of production worldwide in 2021. The new estimate thus states that automakers will be unable to produce vehicles worth $210 billion due to the supply shortage.
Suppliers hit particularly hard
Marcus Kleinfeld, Managing Director at AlixPartners: "Contrary to earlier expectations, production capacity in the chip sector has not recovered so far, and pre-crisis levels are far from being reached. While automakers are able to compensate for this with higher vehicle prices in some cases, suppliers are finding it harder to do so and, in our estimation, are even more affected."
In Switzerland, too, the shortage of semiconductors is mainly noticeable in the form of long delivery times and vague promises as to when the new car can be waiting on the doorstep.
