📊Executive Summary

The article discusses the ongoing auto parts shortage affecting the automotive industry, driven by supply chain disruptions, labor shortages, and increased demand post-pandemic. Key components in short supply include microchips and other electronic parts, leading to national back orders and rising prices for both new and used car parts. Vehicle owners and repair shops are exploring alternatives like used and aftermarket parts. The shortage has resulted in longer repair times and increased costs, complicating vehicle maintenance and sales. This situation necessitates close monitoring by procurement teams in the automotive sector....