March 30, 2021—Already dealing with semiconductor shortages and other issues, the auto industry is facing additional strain following the blockage of the Suez Canal, NBC News reported.
The auto industry depends heavily upon the canal, which facilitates the move of raw materials, parts and finished vehicles, the report said. As of Friday morning, Europe’s Car Dealer magazine reported at least two large auto transport vessels, the Morning Star and the Hoegh London, were blocked by the grounding of the Ever Given.
The cargo ship “Ever Given” which was finally freed from the Suez Canal in Egypt on Monday, but it could still cause shortages.
“It only takes a shortage of one part to mess things up,” Kristen Dziczek, vice president of research for the Center for Automotive Research, told the publication.
