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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16669734" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3740854-citron-ceo-sees-chip-shortage-lasting-quite-substantially-into-2022" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3740854-citron-ceo-sees-chip-shortage-lasting-quite-substantially-into-2022" target="_blank">Citroën CEO sees chip shortage lasting 'quite substantially' into 2022</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">CEO Vincent Cobée of French automaker Citroën called the car industry's current shortage of semiconductors a "very complex crisis" that will likely last "quite substantially" into 2022.</li> <li data-xf-list-type="ul">"Fundamentally, the whole supply chain is in a sort of chaos," he told CNBC on Friday.</li> <li data-xf-list-type="ul">The CEO, whose firm is a unit of Peugeot (<a href="https://seekingalpha.com/symbol/PEUGF" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite7" alt=":p" title="Stick Out Tongue :p" loading="lazy" data-shortname=":p" />EUGF</a>), noted that the global economy's uneven reopening following the COVID-19 pandemic has created "uncertainty on supply and demand."</li> <li data-xf-list-type="ul">Cobée added that 2020 represented a year of "agility, reactivity and volatility," while 2021 "presents its own dose of challenges."</li> <li data-xf-list-type="ul">As to Citroën's ability to manage the crisis, Cobée asserted that the company had taken steps to increase its visibility along the supply chain and could take advantage of the overall Peugeot (<a href="https://seekingalpha.com/symbol/PEUGF" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite7" alt=":p" title="Stick Out Tongue :p" loading="lazy" data-shortname=":p" />EUGF</a>) operation, giving it increased leverage with suppliers.</li> <li data-xf-list-type="ul">On the demand side, Cobée gave a bullish assessment, saying that orders are currently at "unprecedented levels."</li> <li data-xf-list-type="ul">Citroën is just one of many automakers that have faced supply constraints. General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) revealed this week that it was extending downtime <a href="https://www.autonews.com/manufacturing/gm-extends-downtime-crossover-plants" target="_blank">at several assembly plants as a result of the chip shortage</a>.</li> <li data-xf-list-type="ul">Meanwhile, another shortage forced GM to extend a shutdown of a Michigan assembly plant production the Chevy Bolt. In this case, <a href="https://seekingalpha.com/news/3740529-general-motors-extends-bolt-production-halt-due-to-battery-pack-shortage" target="_blank">the bottleneck relates to a lack of battery packs</a>.</li> <li data-xf-list-type="ul">The chip shortage has led to a drop in auto purchases, as companies have had trouble meeting demand. However, <a href="https://seekingalpha.com/news/3739629-cathie-wood-echoes-the-chip-shortage-is-not-the-only-reason-auto-sales-have-declined" target="_blank">famed investor Cathie Wood sees other reasons for the sales dip</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16669734, member: 137766"] [URL='https://seekingalpha.com/news/3740854-citron-ceo-sees-chip-shortage-lasting-quite-substantially-into-2022'] Citroën CEO sees chip shortage lasting 'quite substantially' into 2022[/URL] [LIST] [*]CEO Vincent Cobée of French automaker Citroën called the car industry's current shortage of semiconductors a "very complex crisis" that will likely last "quite substantially" into 2022. [*]"Fundamentally, the whole supply chain is in a sort of chaos," he told CNBC on Friday. [*]The CEO, whose firm is a unit of Peugeot ([URL='https://seekingalpha.com/symbol/PEUGF']OTCPK:PEUGF[/URL]), noted that the global economy's uneven reopening following the COVID-19 pandemic has created "uncertainty on supply and demand." [*]Cobée added that 2020 represented a year of "agility, reactivity and volatility," while 2021 "presents its own dose of challenges." [*]As to Citroën's ability to manage the crisis, Cobée asserted that the company had taken steps to increase its visibility along the supply chain and could take advantage of the overall Peugeot ([URL='https://seekingalpha.com/symbol/PEUGF']OTCPK:PEUGF[/URL]) operation, giving it increased leverage with suppliers. [*]On the demand side, Cobée gave a bullish assessment, saying that orders are currently at "unprecedented levels." [*]Citroën is just one of many automakers that have faced supply constraints. General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) revealed this week that it was extending downtime [URL='https://www.autonews.com/manufacturing/gm-extends-downtime-crossover-plants']at several assembly plants as a result of the chip shortage[/URL]. [*]Meanwhile, another shortage forced GM to extend a shutdown of a Michigan assembly plant production the Chevy Bolt. In this case, [URL='https://seekingalpha.com/news/3740529-general-motors-extends-bolt-production-halt-due-to-battery-pack-shortage']the bottleneck relates to a lack of battery packs[/URL]. [*]The chip shortage has led to a drop in auto purchases, as companies have had trouble meeting demand. However, [URL='https://seekingalpha.com/news/3739629-cathie-wood-echoes-the-chip-shortage-is-not-the-only-reason-auto-sales-have-declined']famed investor Cathie Wood sees other reasons for the sales dip[/URL]. [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Frying Pan Into the Fire -- Chip Shortage
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