Chip crisis could cost automakers 180 billion euros

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supply chain problems could cost the automotive industry a whopping 210 billion dollars , that is; just under 180 billion euros. This bleak prediction comes from the company; Alixpartners consultancy. The shortage of semiconductors & egrave; only part of the problem. The builders, in fact, are also facing further difficulties; including the lack of raw materials such as steel, resin and plastic. As a result, costs are rising and car manufacturers are forced to reduce car production.

According to estimates by AlixPartners, 2021 is; destined to close with a loss of 7.7 million vehicles . A far worse scenario than that always predicted by this company & agrave; a few months ago and which reflects a problem that seems to have to last several months. Previously, in May, AlixPartners experts had estimated a loss of 110 billion dollars and 3.9 million vehicles less than the production plans for the year.

The new forecasts of the company of consultancy are not surprising because & eacute; they come at a time when manufacturers are announcing several production cuts. Even Toyota, which until recently seemed immune to these problems, had to reduce production by 40% in September.

Analysts actually thought the supply chain problem would be easing already. during 2021. However, the outbreak of outbreaks of the dangerous virus in Malaysia led to a slowdown in semiconductor production in this country.

Analysts also highlight the difficulty; of the sector that today no longer has & ugrave; no tool to absorb any crises. In short, any problem affecting the supply chain impacts car production. The crisis looks like it may not end in 2021 as it takes 21 weeks to receive semiconductors. Precisely for this reason, the car manufacturers would be anticipating orders by 40 or 50 weeks.

All these problems eventually spill over to dealerships as well. The times to receive the new cars are getting longer and the stock of the models ready for delivery is always more and more; reduced.

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