While supply chain problems have eased since last year, auto manufacturers are still grappling with issues. In addition to microchips, companies have faced shortages of everything from raw materials to other electronic parts, leading to delays and plant stoppages.
Semiconductor supply has improved in recent months due to a drop in the demand for personal computers and other home electronics. However, a new set of challenges has arisen, which could introduce new delays and higher costs. These problems stem from persisting shortages due to competing demands for the same resources from other industries.
