📊Executive Summary

The global automotive industry is facing significant challenges due to ongoing semiconductor shortages, which have severely impacted production lines. Mexico, as a key hub for automotive manufacturing, has experienced production halts and economic setbacks, with a 20% decline in car production in 2021. The shortage has led to the removal of features in vehicles and rolling shutdowns in production. The article highlights the critical role of various semiconductor components, including microcontrollers, power semiconductors, and sensors, in modern vehicles, emphasizing the urgency for procurement teams to address these supply chain vulnerabilities....