Chip Shortage Hits Automakers

Chip Shortage Hits Automakers

Assessment

Interactive Video

Business

University

Hard

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The video discusses the sharp market decline, attributing it to a combination of factors such as semiconductor shortages, winter storms in Texas, and a factory fire in Japan. It highlights how some manufacturers like Toyota and Hyundai have managed better than others, such as Mercedes, which faced a significant sales decline. The video also addresses the difficulty in forecasting future market conditions due to ongoing adverse factors.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the impact of the semiconductor chip demand on automakers?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do manufacturers face in forecasting future supply chain stability?

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