Automobile manufacturers may be forced to spend $210 billion this year because of supply chain delays: Report
Global automakers may want to lose $210 billion in sales this year due to supply chain disruptions, almost double a forecast in advance this yr, consulting firm Alixpartners stated Thursday. A scarcity of semiconductors is just a part of the problem, Alixpartners said in a new forecast. High charges and tight resources of commodities which include metal and plastic resin are riding up expenses and forcing automakers to curtail production. Automakers are on the right track to lose manufacturing of seven.7 million cars in 2021, in line with the brand new forecast. Alixpartners advises automakers on supply chain and other problems. In May, the firm expected automakers might lose $110 billion in revenue and fall three.9 million cars short of manufacturing plans for the year. The dour new forecast comes amid warnings from automakers and commercial truck producers that semiconductor shortages and commodity fee spikes are not easing as 2021 heads into its final months...