(VIDEO) Focus On Global Lingering Chips Shortages On Automobile Sector

For many automotive suppliers, 2021 was a year defined by shortages, increased costs, and other unprecedented supply chain challenges as the lockdowns of 2020 quickly gave way to shortages of many raw materials and components, as supply could not keep up with surging demand.
With no end in sight, the semiconductor chip shortage is now expected to cost the global automotive industry $210 billion in revenue this year as the forecast is almost double its previous projection of $110 billion in May

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