Stephen Foreman, Lead Economist at Oxford Economics joins Reuter’s Kyoko Gasha to discuss the impact of the global semiconductor shortage on the auto sector and the economy.
While global supply-chain disruptions have eased considerably since last spring, they have not disappeared. A global shortage in semiconductors is forcing some automakers to put the brakes on vehicle production. Semiconductors have been in short supply since the end of 2020, as the auto industry rebounded from the COVID-19-related drop in demand more quickly than anticipated.
Watch and listen to the full interview below:
Topics: Auto and motor vehicles, Economic outlook, Economic forecasting, Covid19, Supply chain