Forums » Challenges » Mexico's auto parts lobby sees chip shortages by December
INA, Mexico's main auto parts association, forecasts the severe shortage of semiconductor chips affecting braking systems in the global automotive industry will ease in July and return to normal by the end of the year.
Semiconductor chips are essential components of modern automotive electronics. including touch screen driver assistance system and other security systems
The chip shortage in North America alone led regional automakers to cut production of previously estimated 1.16 million vehicles in May. That's a number that has been accelerating every month since the start of the year, according to data from IHS Markit.
Alberto Bustamante, INA's head of ทางเข้าslot foreign trade, predicted in an interview on Thursday that The semiconductor shortage will begin to ease in the second half of July. before returning to normal in December.
The supply crisis began last year as the coronavirus pandemic forced the North American auto industry to shut down for a few months. which resulted in continuous cancellations of orders.
Bustamante points to steadily increasing vaccination rates in major economies and declining infections. which helps push the automotive sector back to normal
He noted that after Mexican auto parts production fell 20% in terms of value last year due to the pandemic. This year, production is expected to increase nearly 18% to reach $92.4 billion. A full recovery to pre-epidemic levels is expected by 2022.
Mexico's huge auto sector is the country's highest foreign currency earner. and employs more than 850,000 people. Bustamente forecasts that by 2023 the country's value of auto parts production will exceed $102 billion. This was driven by a revised North American trade agreement that provides incentives for regionally produced content. among other factors
All cars assembled in the USA include Mexican-made parts costs up to $5,500.
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