📊Executive Summary

The article highlights a warning from an automotive trade group about impending shutdowns of U.S. assembly plants due to a new chip shortage, specifically linked to the ongoing Nexperia chip crisis. This situation may lead to significant disruptions in the automotive supply chain, particularly affecting vehicle electronics and production timelines. Procurement teams should prepare for potential allocation issues and increased lead times as manufacturers struggle to secure necessary components, impacting overall production capacity and delivery schedules....