Continental CEO Sees Chip Shortage Continuing Into 2022

Continental CEO Sees Chip Shortage Continuing Into 2022

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the ongoing chip shortage affecting the auto industry, expected to continue into 2022. Businesses are adapting by implementing various strategies, including dual supply and inventory adjustments. The transition to electric vehicles is positively impacting the tire division, while competition from car manufacturers producing components in-house is noted. COVID-19 safety measures in manufacturing facilities are also addressed.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected timeline for relief from the chip shortage?

End of 2021

Second half of 2022

End of 2022

Second half of 2021

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which strategy is NOT mentioned as a response to the chip shortage?

Reducing workforce

Dual supply

Higher inventory levels

Changes in volume prediction models

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason for increasing prices in the rubber business?

To cover increased input costs

To improve product quality

To reduce production

To expand market share

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the shift towards electric vehicles impact the tire division?

Negatively, due to reduced demand

Positively, due to demand for specialized tires

Negatively, due to increased competition

No impact

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant challenge faced by manufacturers due to the Delta variant?

Increased production costs

Workforce isolation and stay-at-home orders

Decreased consumer demand

Lack of raw materials

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key factor that allows tire makers to differentiate in the electric vehicle market?

Faster production times

Lower production costs

High R&D level and quality

Wider distribution network

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of Continental in the production of electric vehicle components?

They supply base technology and high voltage components

They do not participate in electric vehicle production

They only assemble components

They produce all components in-house