Toronto, Ontario — A new future trends report from SEMA is predicting that supply chain constraints in the global automotive industry will finally start to ease by the end of this year.
According to SEMA’s data, more than 80 percent of automotive companies reported moderate to severe impacts on their business through 2021, as a result of factors like production delays and shipping issues.
The report claims to have the numbers showing that the supply chain should see signs of improvement by the end of the year, though elevated prices will likely persist into 2023.
Click here to download SEMA’s January 2022 Future Trends Report.
