Volkswagen no longer believes the chip shortage will end in 2023, and the German carmaker is preparing for a "new normal" of supply chain disruptions, Murat Aksel, head of purchasing on Volkswagen's board of directors.
"Investment in new capacity is now on track, but there may still be a structural shortage of semiconductors through and including 2023," Aksel said, adding, "It's a structural problem, it can't be Fix it quickly."
Aksel also said that the supply of wiring harnesses was in short supply after the Russian-Ukrainian conflict, but the problem has now been resolved.
However, Aksel warned that "what we've seen in the supply chain over the past two years, this is the new normal." He added that Volkswagen is investing heavily in early detection. "As new geopolitical issues emerge, if any, it will become more complex and challenging," Aksel added.
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