📊Executive Summary

The automotive industry is facing renewed concerns over a potential chip shortage, reminiscent of the disruptions experienced in previous years. Major automakers are reportedly ramping up their procurement strategies to secure semiconductor supplies, fearing that demand from other sectors could once again outstrip supply. This situation is exacerbated by ongoing geopolitical tensions and production capacity constraints in key manufacturing regions. Procurement teams should closely monitor semiconductor availability and consider securing longer-term contracts to mitigate risks associated with potential shortages....