Pains, Chains and Automobiles
ING THINK aloud28 Juli 2021

Pains, Chains and Automobiles

The global car industry was forced to slam on the brakes this year, as a shortage of semiconductors hit production just as demand was starting to pick up. While the problem is expected to be temporary, unresolved supply issues and the rise of electric cars, which are even more reliant on chips, suggest there may be bumps in the road ahead, as ING's Oleksiy Soroka explains.


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