The semiconductor shortage has been forcing international auto manufacturers to shut production in some countries. The disruption is expected to last for several months, experts say.
Max Keiser interviews Wolf Richter of wolfstreet.com, who has worked for a decade as general manager and COO of a large Ford dealership and its subsidiaries, about the ongoing chip turmoil.
âThe semiconductor shortage is a real problem,â says Wolf, adding, âone of the drivers behind it is that we have the sudden boom in durable goods sales in the United States and other countries too.â
He explains that thereâs been a historic spike in durable goods and manufacturers just werenât ready for it. âThis goes up the supply chain, thereâs all kinds of problems in shipping now.â
âItâs pretty crazy, Iâve never seen anything like that,â Wolf says, pointing out that the semiconductor shortage has hit the car industry particularly hard.
For more stories on economy & finance visit RT’s business section
Originally posted on https://www.rt.com/business/520447-global-semiconductor-shortage-auto-industry/?utm_source=rss&