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Yeah, I'm not convinced, given GM's (and most automakers) reaction to Covid and the continuing chip shortage. Maybe things have changed; I'd certainly be glad

• giantrobot 3y ago
  > But we all know of Wall Street's long history of hatred towards physical inventory. Accounting and taxes on physical inventory are pretty stupid and cause a lot of Wall Street's hate for inventory. The more costs there are to storing inventory the less desirable or even viable it is to store inventory.
• bluGill 3y ago
  GM miscalculated what COVID would do and made mistakes. Having information isn't always enough to make the right decisions. All we know from COVID is GM isn't perfectly able to mitigate issues, but they still try.
• wewtyflakes 3y ago
  When all countries shut down, it does matter? There is no alternate or backup. What could you have reasonably expected GM to do, even if they had perfect information?
  • lostapathy 3y ago
    Not cancel all their orders and end up at the end of the line for chips.
• bsder 3y ago
  > Yeah, I'm not convinced, given GM's (and most automakers) reaction to Covid and the continuing chip shortage. Automakers (and everybody else) reacted very quickly and shut down/decreased staff almost immediately. Where they got caught out was in assuming that the semiconductor industry would return to normal quickly. That was a huge mistake. Everything in business is so hyper-optimized to hold no inventory that nobody can absorb demand increase shocks of any amount, anymore. In addition, the fact the companies actively downsized during Covid meant that things couldn't even go back to pre-Covid levels quickly.