
As the world enters 2021 with a cautious optimism, its global markets are still feeling many of the repercussions of the COVID-19 pandemic that have yet to be eradicated. Many people have pivoted toward remote work. This has increased smartphone and laptop demand, leading to shortages of essential components like semiconductors. One industry that is beginning to experience the impact of these shortages is automakers. If semiconductor manufacturers can’t catch up, it could spell more delays for several major automotive companies.