Forty-two percent of automakers and parts suppliers say the ongoing global shortage of microchips has changed how they manage supply chain risk.
That's one of the findings from an Automotive News Research & Data Center survey of 475 Automotive News subscribers conducted from April 13 to 16. Among them, 22 percent say they are considering additional investments in technologies that would help create earlier warning signs of potential supply chain risk.
Among all respondents, including dealers, most feel the chip shortage will have a severe impact on the way they do their job (81 percent), the way their companies conduct business (88 percent) and the auto industry in general (98 percent). Most concerning for all respondents is how the crisis will impact the ability to keep up with consumer demand. Second was concerns related to missing production volumes.
To help mitigate the impact, 46 percent of automakers and suppliers say they are prioritizing components and products in high demand. Twenty-six percent say they are finding alternate sources for chips. Yet 43 percent express concern with the quality of chips sourced from alternate suppliers and half have concern about those chips meeting automotive-grade specifications.
A more detailed report will be published in May.