Chip crisis: Chip crisis threatens to cut auto output by 7.1 million cars
Low vaccination rates and rising infection rates in Southeast Asia are prompting shutdowns of plants assembling all types of semiconductors.
Source: indiatimes.com
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Will Worsening Shortage Trigger Next Economic Crisis? – Investment Watch
As the global chip shortage crisis deepens, waiting times have reached an all time high. Here’s everything you need to know pic.twitter.com/n92roSValw The shortage crisis is going to be even more insane. t.co/wqlfPCAmoa The $300 pandemic UI boost is causing labor shortage even across the pond in U.K.!t.co/bCMOeiRugl Small businesses are struggling to hire as they compete with jobless benefits and wage hikes at larger firms. Some 75% of small businesses expect to expand over the next year, but more than two-thirds of them report difficulties finding qualified workers. t.co/5pZ4ADO7yB
Source: investmentwatchblog.com
Auto Chip Crisis Is Threatening Recovery From the Pandemic
Photo by Liu Yucai/VCG via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. A global chip crisis is roiling the auto industry. Major automakers have been unable to complete hundreds of thousands of vehicles. The crisis was unexpected and caused by numerous factors that all hit at the same time. If you've driven past a car dealership lately, you might have noticed that something was missing: cars. With a post-pandemic recovery in full swing, those lots should be pa...
Source: businessinsider.com