This article is reproduced from Gasgoo. According to foreign media reports, consulting firm AlixPartners said that the global shortage of semiconductor chips will result in a loss of US$110 billion in revenue for automakers in 2021, exceeding the previous estimate of US$61 billion; the company expects this to affect the production of 3.9 million vehicles. .

　　Mark Wakefield (Image source: Mark Wakefield LinkedIn)

　　On May 14, AlixPartners stated that, now, the tightness of chips makes automakers urgently need to "preemptive" and create "supply chain resilience" in the longer term to avoid future supply interruptions.

　　Automobile manufacturers have been directly signing supply agreements with some raw material manufacturers in the past, including precious metals such as palladium and platinum that can be used to produce waste washing systems. But after the chip market was under-supply and prices soared, car companies adopted a more direct approach to guarantee the supply of precious metals.

　　AlixPartners global automotive market co-head Mark Wakefield said that now, automakers are seeking to establish direct contact with semiconductor manufacturers. The risk of production cuts caused by semiconductor shortages is real, not a potential risk. Wakefield said, "This is shocking." In the past, automakers were reluctant to sign long-term contracts for the purchase of semiconductors or other raw materials and assume financial liabilities for such agreements.

　　On May 13, Ford said that it is redesigning auto parts to use more available chips to cope with the global semiconductor shortage.