‘Structural' Chips Shortage ‘Should Improve’ in 2022: Daimler CFO
Economic conditions for worldwide automotive demand “are likely to remain favorable during the rest of the year,” said Harald Wilhelm, Daimler chief financial officer, on a Q3 call Friday. “One must assume, however, that strained supply chains and bottlenecks for…
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key components will continue to have a considerable impact on worldwide vehicle production in the fourth quarter.” The company continues to expect “a gradual normalization of the semi supply chain situation” in Q4, said Wilhelm. But he cautioned that “visibility” into “how the supply situation will actually develop further is still low, and suppliers are having problems making firm commitments.” Virtually all tech and automotive companies expect that the “overriding structural shortage” of semiconductors will “remain an issue for 2022, but should improve compared to 2021,” he said.