Automotive Industry Uses Analytics To Solve Pressing Supply Chain Issues
Smart Data Collective
JUNE 23, 2022
The automotive industry is struggling to meet demand as a growing supply chain shortage cripples the global economy. Chip shortages, among other components, have fueled a steep increase in car prices, as much as USD$900 above the manufacturer-suggested retail price (MSRP) for non-luxury cars and USD$1,300 above MSRP for luxury ones. . Market analysts predict the supply chain to normalize in the third quarter of 2022, which is only a few months away as of this publication.
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