Wards Intelligence partner LMC Automotive estimates 8 million units of light-vehicle production will be lost in 2022 because of the seemingly innumerable ways the supply chain is being attacked. Goosed primarily by a new wave of Covid lockdowns in China, and Russia's invasion of Ukraine, forecast losses in 2022 from supply-side disruptions are double the roughly 4 million units projected just two months ago. The ongoing semiconductor shortage, logistical impediments and other issues also continue to crimp production on a global scale. China and Europe have been hit especially hard, with losses in 2022 in both regions now expected to top 2021. On a positive note, global production in 2022 still is expected to rise from 2021: 81.6 million units vs. 76.9 million.
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Global Production Losses from Myriad Supply Disruptions Mounting
The Analyst Team
Haig Stoddard
Follow AnalystPrincipal Analyst, Forecast & Markets
Haig has followed the auto industry for over three decades, starting as a reporter and editor for Wards Automotive Reports, then transitioning to an automotive market analyst. He analyzes market trends related to new-vehicle demand, production, and powertrain take-rates, and forecasts vehicle connectivity and automation levels
Haig focuses on tying together demand, vehicle production, and powertrain trends. He also has created and co-created several of the company’s current analytical outputs related to forecasts, plant capacities, product cycle plans, market segmentation, and future vehicle propulsion reports. Currently, he supports the Wards Intelligence database and produces regularly scheduled and custom subscription-based posts tied to North American production, sales analysis, forecasts, and general global market analysis. He also is working on projects to help expand the company’s coverage of future trends by creating vehicle-based forecasts related to factory-installed equipment, such as ADAS and mobility.
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