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How can the automotive industry navigate the current semiconductor shortage, mitigate negative impacts, and rethink global supply networks to help future-proof sector growth? Our new report examines the challenges presented by the computer chip shortage, then explores opportunities to reinvent the automotive supply chain and build a road map for resiliency.
Semiconductor shortage shines a spotlight on the automotive supply chain
Sometimes the smallest thing can have a big impact on an ecosystem. In response to automotive vehicle assembly slowdowns in the early days of the pandemic, semiconductor manufacturers shifted to higher-demand sectors with shorter lead times. The resulting global semiconductor shortage is forcing companies, including automotive original equipment manufacturers (OEMs), to make production cuts that may last into next year. As a result, the industry is taking a hard look at reimagining the automotive supply chain.
Along with significant near-term financial pressures, the semiconductor shortage has been a call to action for stakeholders to identify and manage risks through advanced collaboration, multi-tier visibility, and predictive threat response.
Many companies are beginning to recognise that rebuilding supply networks around the core principles of efficiency and resilience is not only possible, but long overdue and imperative to remain viable in a rapidly transforming global automotive sector.
We need to develop dual sourcing strategies from different geographics for critical commodities.
– Chief procurement officer, global OEM
Gaps in semiconductor demand and supply for the automotive sector challenge the supply chain.
For insights on building a more resilient automotive supply chain, download our report.
Peter is an Audit Partner with 28 years of experience, the last 17 as Partner. He specialises within the automotive and wider manufacturing and consumer sectors and has acted as Audit Partner on a range of UK and foreign listed groups and private companies. He is also a qualified corporate treasurer
Nick is the Automotive sector leader for Deloitte UK. He has over 20 years of consulting and technology experience. He works with clients to help them shape and deliver technology-enabled change programmes, primarily focusing upon the automotive sector.
Sarah is a Partner within Deloitte’s Supply Chain Transformation practice, delivering large-scale operational improvement programmes across the end to end value chain with a focus on profit, resilience and sustainability. She leads the UK’s Automotive Consulting sector as well as being the founder of Women at the Wheel, a Deloitte organisation focused on gender diversity in the automotive industry.