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You absolutely should be quick to fault them... They cut off nearly all orders from suppliers anticipating an economic downturn and had no risk mitigation strat
by genmud 6y ago
You absolutely should be quick to fault them... They cut off nearly all orders from suppliers anticipating an economic downturn and had no risk mitigation strategy if they were to resume production. In essence they left the line at a concert after hearing rumors the band wasn't going to show.
Now they know the concert is definitely on, they want their place in the line back and the manufacturers told them to pound sand, since there are tons more people paying more money than they are.
Automotive manufacturers think they have much more weight than they actually do when it comes to purchasing electronic components. They definitely came to a rude awakening when the chip fabs and manufacturers told them to go to the back of the line.
For reference, the entire automotive market in 2020 spent 38 billion on semiconductors. Apple alone spent 53 billion in 2020.
If you are going to prioritize something, who do you think is going to get special treatment?