Crisis as a Catalyst for Change: Supply Chain and Powering a Future of Electric Vehicles
Helping Executives Understand Areas of Growth and Identify Key Risks in the Transforming Electrification Supply Chain
August 06, 2021
Crisis as a Catalyst for Change: Supply Chain and Powering a Future of Electric VehiclesDownload Article
Part two of a three-part custom-content series by FTI Consulting examining the push toward electric vehicles, the implications to the supply chain and opportunities for automakers, suppliers and other companies throughout the value chain.
"The global automotive industry faces a production loss of 6.2 million vehicles because of the disruption in the semiconductor supply chain. It’s another example of how vulnerabilities in a supply chain that is often decentralized and built upon layers of suppliers can grind an entire industry to a halt.
The microchip shortage, unfortunately, is also not the first time that auto manufacturers have faced massive production stoppages because of supply chain disruption. A 2012 explosion at a plant in Germany that was one of the largest producers of a resin used to make fuel tanks, brake components and seat fabrics threatened to cripple global output. Similar disruptions were caused in 2011 by the tsunami in Japan and a fire at a supplier plant both in March 2011."