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Topic : Hardware

Chip / Automotive / Hardware
Time to read5 min
Written By Vera Solovyova / April 1, 2021
How to Tackle Electronic Components Shortage in the Automotive Industry
Automotive industry manufacturers are struggling to get enough chips to build their products—from airbags to navigation systems.This global electronics parts shortage is the result of several factors: pandemic-related work stoppages, increased demand, and broken transportation logistics. As a result, automotive manufacturers worldwide are expected to lose more than $14 billion in revenue in the first quarter of 2021 and approximately $61 billion for the year, as predicted by advisory firm AlixPartners.
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