The latest forecast from consulting firm AlixPartners is that the chip shortage may cost the global auto industry $110 billion; it will reduce global auto production by 3.9 million this year. For the global chip shortage, AlixPartners analyzed that the main reason is that the chip production cycle is too long; at the same time, other uncontrollable risks from the industry chain have also affected the production rhythm. As the chip supply shortage continues to intensify, some automakers' factories have been forced to stop production for several days Even weeks, which companies such as Ford, GM, Stellantis, and others have been hit particularly hard. Even BMW, which was previously less affected, is beginning to show difficulties, with its Oxford plant in the UK shutting down for three days from April 30 and its Regensburg plant in Germany starting to reduce production shifts this week.
Chip supply shortages drive Alloy Inconel718.
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As the duration of the conflict between Russia and Ukraine grows, its impact on commodities is widening amid the tug-of-war. Recently, European and American sanctions against Russia have been issued one after another. In response, Russia has taken advantage of its role as an important supplier of many energy and commodities, requiring exports of commodities, including energy, grain, metal, and wood, to "unfriendly" countries to be settled in robles. Therefore, it is expected that the price of the Alloy Inconel718 will continue to increase.
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