- Significant raw material cost increase forces suppliers to increase their pricing in order to support customer’s demand and sustain their supply chains.
- Toyota, Ford and Volvo slows down production due to global component shortages.
- The current component shortages and low material availability are causing lead times of up to 52weeks+ across the whole market.
- New COVID-19 infection spikes are causing nation lock-downs resulting in further delays due to reduced workforce capacities.
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