Turnover loss due to the chip crisis in the automotive industry will reach $210 billion this year

In the statement made by the consultancy firm AlixPartners, it was noted that it is expected that there will be a production loss of 7.7 million vehicles in the automotive sector this year due to the chip crisis. In the company's estimates in May, the production loss was expected to be 3.9 million this year.

In the statement, it was stated that the loss of turnover in the global automotive industry due to the chip crisis is estimated to reach 210 billion dollars. In its May estimates, the company had predicted that the turnover loss would be $110 billion.

AlixPartners' Automotive and Industrial Applications Global Co-Leader Mark Wakefield stated that the chip crisis is expected to subside so far, but the quarantine measures implemented against the new type of coronavirus (Kovid-19) epidemic in Malaysia and the ongoing problems in other places have made things worse.

Pointing out that the chip shortage is just one of the many disruptions the industry is facing, Wakefield said: "There's no room for error for automakers and suppliers right now. They need to calculate every alternative and make sure they only implement the best options." made its assessment.