The mixture of transformation, missing chips and rising raw material prices is particularly affecting automotive suppliers.
(Photo: dpa)
Dusseldorf For many automotive suppliers in Germany, it is currently about the bare existence. They can’t get rid of their components because the lack of chips is slowing down car production. The numbers are dramatic.
According to the strategy consultancy Boston Consulting Group (BCG), up to eleven million vehicles will not be produced this year alone. The consulting firm Alix Partners puts the loss in sales at almost 180 billion euros. After a difficult Corona year 2020, many suppliers had actually expected higher sales figures for 2021. Instead, sales even threaten to slip below the 2020 figures.
BCG partner Albert Waas says: “Medium-sized suppliers with sales of less than one billion euros are particularly at risk of insolvency.” Boris Engelhardt, Managing Director of the German Rubber Industry Association, puts it even more drastically: “We receive reports that it is not five to twelve , but five past twelve. “
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