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;
- 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.