From The Guardian

www.theguardian.com/business/2021/mar/23/ineos-fou...s

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A warning from Swedish truckmaker Volvo that the global shortage of semiconductors will hit its production is weighing on the auto sector today.

Volvo reported last night that it will introduce “stop days” across its global truck manufacturing operations, as it is struggling to obtain chips.

In a statement last night, Volvo said the global shortage of semiconductors will have a substantial impact on its production in the second quarter of this year.

It explained:

In the beginning of the quarter, the Group will implement stop days across its global truck manufacturing operations. In total, these are currently estimated to between two and four weeks depending on production site.

In addition, disturbances are also expected to impact the Group’s other business areas.

Visibility into the global supply chain of semiconductors as well as other components is currently very low and the uncertainty about the development is high.

The disturbances are expected to have a negative impact on earnings and cash flow.

Manufacturers have been warning for weeks that semiconductors were in short supply due to a surge in demand, as the global economy recovers from the pandemic.

This means consumers face price rises and shortages of products, analysts say, with TVs, mobile phones, PCs and games consoles affected as well as cars.

Global shortage in computer chips 'reaches crisis point'

Edited by _ORB_ on 23/03/2021 at 18:58