Why the wiring harnesses that underpin the electrics in modern cars are in short supply from war in Ukraine. The boss of Skoda reveals the logistical problems resulting 🔌
Analysis and what it means to motorists
Speaking after the annual results where Skoda announced €1.1 billion operating profit despite selling fewer cars, chairman Thomas Schäfer said: 'The Ukraine is an integral part of our supply chain. It's not just cable harnesses, we have switch suppliers and other components from there, as well as raw materials. The biggest impact for us is the cable harness suppliers. Why? Because it stopsproduction of vehicles.
The Skoda boss admitted that the outlook for raw material prices remained bleak. 'If it carries on like this, price increases are unavoidable.' Skoda has stopped production in both of its locations in Russia.The Russian invasion of Ukraine is having a wide-ranging impact on the automotive industry and is piling pressure on a sector already under duress from the past few years of Brexit, the pandemic, chip shortage and political pressures to electrify.
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