SURVEY FINDS AUTO INDUSTRY HIT HARDEST BY SUPPLY CHAIN DISRUPTIONS DURING COVID PANDEMIC

CNBC August 2021 / by Yen Nee Lee / Read original article

The automotive sector was hit the hardest by supply chain disruptions during the Covid-19 pandemic, according to a survey that covered six broad industries.

The survey was conducted by the Economist Intelligence Unit and sponsored by Citi. It surveyed 175 supply chain managers — more than 70% of which were based in Asia — in February and March this year, and its findings were released on Wednesday.

In addition to auto, the respondents came from five other industries:

  • Footwear and apparel;
  • Food and beverage;
  • Manufacturing;
  • IT, tech and electronics;
  • Healthcare, pharmaceuticals and biotechnology.

 

Around 51.7% of respondents from the auto sector said disruptions to supply chains were “very significant” — the highest proportion across the six industries.

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