COVID-19, Supply Chain Shortages, and the Automobile Industry

Modern automobile production line, automated production equipment. Shop for the Assembly of new modern cars. The way of Assembly of the car on the Assembly line at the plant

Written by Shayna Korsh Since the onset of the COVID-19 pandemic, automobile manufacturers have suffered from losses in sales. The automobile industry accounts for 3% of global economic output, and in some countries that percentage is much higher (Ewing and Cohen). Recessions can often take years to recover, especially in heavily impacted industries such as…