Even though COVID-19 upended the auto industry last year, shut down production lines for weeks and forced executives to reevaluate the long-term viability of their businesses, some suppliers now think 2021 is even worse.
The list of challenges is long and getting longer, Julie Fream, CEO of the Original Equipment Suppliers Association, said last week during an Automotive News Congress Conversations webcast.
"I think suppliers are navigating more than they ever have," Fream said as part of an industry panel. "Surprisingly, 2021 has become a more challenging and difficult year for suppliers than even 2020 was.
"At that point, the industry went down and then we came back up," she added. "But it is such a challenge to navigate all of these individual areas that are causing concerns and problems for suppliers."