Automotive suppliers face many of the same issues that have bedeviled the industry throughout 2021, as well as a host of all-new challenges. The relative stability in the global supply chain that the automotive industry enjoyed for many years is unlikely to be restored.
According to the Center for Automotive Research, the crisis in Ukraine may result in shortages and price increases for neon gas, palladium, aluminum and nickel. Numerous automakers suspended business activities in Russia. European auto plants reduced or stopped production.
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