How is the global semiconductor shortage impacting thermal and powertrain suppliers?
The persisting shortage of semiconductors had ripple effects on the global automotive ecosystem, creating disruptions in production schedules and inflationary cost pressures across raw materials, logistics, labor, and inventory
The global automotive industry reported a semiconductor shortage for the first time in the second half of calendar year (CY) 2020. That was the time when major automakers, which were looking to scale up production and revive industrial activities across the automotive supply chains, struggled to secure necessary supplies of mainly electronic and electrical components powered by the semiconductors.
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