Volkswagen: Chip shortages will continue until 2024

At the end of 2020, roughly ten months after the outbreak of the novel coronavirus pandemic, the first signs of the effects of the restrictive measures around the world, at least in terms of shortages and insufficiency in semiconductors, began to appear.

The months and we have reached 2022, and the problem in the supply chain can hardly be considered solved, with the months of waiting for new car deliveries having skyrocketed. And while most expected the semiconductor problems to be resolved by 2022, Volkswagen estimates that shortages will continue into 2023 and supply chain disruptions will become the new “normal.”

More specifically, Volkswagen procurement chief Murat Aksel, speaking recently to a German media outlet, noted that geopolitical concerns with leading chipmakers have created new and challenging issues, stressing:

With the new geopolitical issues, if nothing else, the issue will become even more complex and challenging. Investments in new capacity are now on track, but a structural semiconductor deficit will likely remain through 2023.

Source: by

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