Global giants Ford, Honda, Caterpillar, BMW, Apple and Samsung are in the grip of the global chip crisis after making billions from rising demand for electronics in the pandemic
The global crisis due to the lack of a chip is getting worse every day, due to the pandemic, and global technology giants are suffering consequences, such as Apple and Samsung. Carmakers such as Honda, BMW, Ford and Caterpillar are also reporting production cuts and lost revenue, and the world's industry could collapse.
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- Electrolux, the largest appliance manufacturer in the world, invites candidates with no experience for vacancies in its factories in Brazil
- Volkswagen invites candidates without experience in all areas for vacancies in factories in SP and PR
- Caterpillar, the leading multinational manufacturer of machines, engines and heavy vehicles, has job vacancies in its factories
- After Volkswagen, Ford, Chevrolet and Fiat, the multinational Yamaha suspends production of motorcycles in its factories and puts employees on collective vacations
- After the departure of Ford from the country, the multinationals Honda and Chevrolet paralyze vehicle production in Brazil and the car industry may collapse
Japan's Honda has said it will halt production at three factories in Japan. Germany's BMW will reduce shifts at factories in Germany and England. The giant automaker Ford Motor, which recently left Brazil, has revised downwards its annual profit forecast, due to the shortage of chips, which should last until next year.
The multinational Caterpillar, manufacturer of machines, engines and heavy vehicles, also said that it may not be able to meet the demand for machines used by the construction and mining sectors.
"Double-edged sword"
The same companies that made money in the pandemic, with the increase in demand for electronics, which consequently triggered the lack of chips, are in the grip.
The high demand for technology products during the lockdowns has left the global giant Apple in a tight spot, and the multinational has faced chip supply problems that have affected sales of iPads and Macs, said Luca Maestri, the company's chief financial officer.
“It's a struggle, and you have to be in daily contact with suppliers. You need to make sure it's important to them," said Nokia Chief Executive Pekka Lundmark in an interview on Thursday with Bloomberg Television. “When there's a shortage in the market, it's things like how important you are overall, how strong your relationships are, and how well you manage expectations.”
In contrast, semiconductor manufacturers see profits grow and will invest billions to expand capacity and meet high demand.
Qualcomm, the world's biggest smartphone chipmaker, said demand for devices was starting to recover as some markets that were paralyzed by the Covid-19 pandemic returned to normal.
