by Justin Metz on October 22, 2021
What do bicycles, toilet paper, hand sanitizer, refrigerators and kayaks have in common? They’ve all been in short supply at times during the COVID-19 pandemic.
The past year’s global health crisis has led to unprecedented changes in supply and demand. Production shutdowns sent the price of lumber sky-high. Months spent quarantining led homeowners to spend more time outdoors, some taking on more DIY renovation projects. And fear of the unknown led to hoarding and stockpiling.
Now, nearly two years after the pandemic began, the global supply chain has mostly stabilized. But there’s still one industry where shortages continue to abound: semiconductor chip manufacturing.
And the auto industry has been one of the hardest hit.
Why are computer chips putting the brakes on new car production? Keep reading to find out. Continue reading “Car Chip Shortage 2021: What’s Going On?”