Continental CFO Sees Chip Shortage Continuing Into 2022

The transcript discusses the ongoing chip shortage affecting the auto industry, with expectations of continued impact into 2022. Businesses are adapting through various strategies, including dual supply and inventory adjustments. The transition to electric vehicles is seen as positive for the tire division, offering opportunities for differentiation. Despite increased competition from car manufacturers producing components in-house, there remains significant business for suppliers. The impact of COVID-19, particularly the Delta variant, on manufacturing facilities is also addressed, with measures in place to ensure safety.

What are the expected trends regarding the chip shortage in the second half of the year?

How is the demand for cars affecting the chip shortage situation in 2022?

What measures are being taken by businesses to adapt to the chip shortage?

What long-term changes are businesses considering in response to the chip shortage?

How are input cost increases impacting the pricing strategies of products?

What is the impact of the shift towards electric vehicles on the tire business?

How are manufacturing facilities managing the challenges posed by the Delta variant?