📊Executive Summary

The article discusses the significant impact of a semiconductor chip shortage on the automotive industry, particularly affecting new car sales at Carter Myers Automotive. With inventory dropping from 2,200 cars to just 363, the dealership has seen a 30% decline in new car sales and is shifting focus to used cars. The ongoing shortage, exacerbated by increased demand during the COVID-19 pandemic, is expected to last until next year, creating a challenging environment for procurement in the automotive sector. This situation highlights the critical role of semiconductors in vehicle functionality and the need for strategic sourcing decisions....