What can we learn from the great chip famine?


Source: supplychainasia.org supplychainasia.org

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Manufacturing supply chain lessons from the global semiconductor shortage On 19 August 2021, Toyota, the world’s largest car manufacturer by volume, announced it would cut its production by 40 percent in September, in response to the global shortage of microchips. For some experts, this announcement confirms the worst is yet to come from the great chip famine. Here, John Young, APAC sales director at automation parts supplier EU Automation, assesses what’s in store next for manufacturing. The automotive sector has been hit especially hard, but few will escape the clutches of the global chip shortage. Recent predictions, unfortunately, suggest the...