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Aryan Yadav is a document available to read on EtoBox.
The automotive industry faces several challenges including issues with logistics and supply chains, rising costs of energy, and a more environmentally conscious consumer base. It must transition to electrification while facing competition from new entrants. The industry is a major employer but restructuring threatens jobs. Shutdowns can have large economic effects due to interconnected supply chains. Semiconductor shortages in particular have cost the industry billions in lost revenue.
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- EN