What Could Happen to the Auto Industry If the Chip Shortage Were to Get Worse?

Car makers are still feeling the impacts of the pandemic in a major way. According to a new forecast from IHS Markit inventory shortages and higher prices will likely be plaguing car makers until the first half of 2023, at which point it will hopefully enter a recovery phase. In the meantime, is there any financial resiliency lessons that were taken from 2008 bailouts throughout the auto industry that can apply to this current crisis? We tapped Zach Shefska, the CEO of Y.A.A, (Your Advocate Alliance) to give us some insight.

Follow us on social media for the latest updates in B2B!

Image

Latest

Black leadership
DisruptED in the D: The Power of Black Leadership with Dwan Dandridge (Ep. 1)
February 5, 2025

Detroit has long been a city of resilience, innovation, and reinvention. Once the heart of American industry, its rebirth has been marked by waves of economic and social transformation. But as new developments reshape the city, the question remains: who gets to be part of this transformation, and how can Black leadership play a…

Read More
Portia Roberson
DisruptED in the D: A Story of Hope with Portia Roberson (Ep. 2)
February 5, 2025

Detroit is experiencing a renaissance, but its revival is still unfolding. Leaders like Portia Roberson, CEO of Focus: HOPE, are committed to ensuring that this transformation is inclusive and benefits all communities. As new industries take root and technology reshapes the workforce, Detroit must prioritize equitable access to opportunities. With initiatives like Black Tech…

Read More
Black Leaders Detroit
DisruptED in the D: Building an Inclusive Future with Black Leaders Detroit’s CEO Dwan Dandridge (Ep. 2)
February 5, 2025

Detroit’s comeback is defined by perseverance, creativity, and inclusivity—but who is ensuring that all Detroiters benefit from the city’s economic revival? Black Leaders Detroit, under the leadership of CEO Dwan Dandridge, is addressing this challenge head-on by providing capital and support to Black entrepreneurs in the city. Since its founding in 2019, the organization has…

Read More
Breaking Sound Barriers in Assistive Audio with Maile Keone
February 4, 2025

The significance of high-quality audio solutions tends to be overlooked as technological advancements often prioritize and cater to the visual appeal. But clear and intelligible sound is very much a crucial factor in many types of environments, which can range from large stadiums to modern museums. Poor audio quality can lead to fatigue, frustration,…

Read More