Chip shortages make manufacturers prioritise how to allocate resources

Manufacturers are warning that production will continue to be affected because of the deepening chip crisis.

The chip shortage is persisting and spreading. But there may be a good side to it after all.
 
Despite all the moaning and groaning around the lack of semiconductors, automakers globally have posted pretty stellar results even as they’ve had to idle facilities and halt some production.
 
Hyundai Motor tripled its profits in the first three months of 2021 compared to the same period a year earlier. Orders for Volvo’s trucks more than doubled in the first quarter and operating profit rose 66 per cent. Daimler has forecast that the Mercedes-Benz unit is going to be the most