📊Executive Summary

The article discusses the ongoing semiconductor shortage in the automotive sector, highlighting the factors contributing to the crisis and its implications for the industry. It notes that the shortage is expected to continue into 2023 due to supply chain disruptions, increased demand for electric vehicles, and geopolitical tensions. The article emphasizes the importance of strategic sourcing and the need for automotive manufacturers to adapt their procurement strategies to mitigate risks associated with semiconductor availability. Procurement teams should closely monitor supplier capacity and consider diversifying their supplier base to ensure continuity in production....