IHS Markitestimates a
global production loss of 1.3 million units in Q1 2021 resulting from the ongoing semiconductor shortage, as well as shortages of steel and polypropylene, and transit delays at ports. IHS notes the “
impact on new vehicle sales remains to be seen at this stage, as inventory levels remain healthy enough to meet today s demand.”
Due to the semiconductor shortage, production of Ford’s highly profitable F-150 is affected by shutdowns scheduled for
Dearborn Truck Plant the weeks of April 5 and April 12, and the truck side of
Kansas City Assembly the week of April 5. Production of various crossover models is affected by shutdowns of Ford’s Louisville Assembly Plant the weeks of April 12 and April 19, as well as production shutdowns at Oakville Assembly in Ontario the weeks of April 12, 19 and 26; the automaker has cut overtime at multiple plants.
Tuesday, April 6, 2021
This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.
Key developments
IHS Markit predicts a
global production loss of 1.3 million vehicles in Q1 2021 due to supply chain challenges that include shortages of semiconductors, steel and polypropylene.
Due to the semiconductor shortage,
F-150.
Preliminary estimates for
U.S. new light-vehicle
inventories have declined by 21% industrywide compared to the same period one year ago.
potential shift away from the just-in-time production model for certain critical components.
The
Biden administration will host a meeting with automotive and semiconductor companies on April 12 to discuss the global chip shortage.
America’s Imports Are Stuck on Ships Floating Just Off Los Angeles
The giant container ship that blocked the Suez Canal for six days was freed Monday, but another bottleneck in the supply chain remains, this one in Southern California.
On Monday morning, 24 container ships with a combined maximum carrying capacity nearly 10 times that of the newly freed ship were anchored off the coast waiting for space at the ports of Los Angeles and Long Beach, according to the Marine Exchange of Southern California, which keeps tabs on vessels and directs ship traffic.
The ships are carrying tens of thousands of boxes holding millions of dollars’ worth of washing machines, medical equipment, consumer electronics and other of the goods that make up global ocean trade, all of it idling in the waters in sight of docks that are jammed with still more containers.
Another step was taken Friday toward the construction of a new waterfront Oakland Athletics ballpark and adjacent development including a stadium seating 35,000 fans and housing, office, and retail space.
Draft environmental report released for Oakland A s waterfront ballpark - Silicon Valley Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.