Photo: Hendrik Schmidt/dpa-Zentralbild/dpa (Photo by Hendrik Schmidt/picture alliance via Getty Images) dpa/picture alliance via Getty ImagesThe semiconductor chip crisis that hit companies around the world shows no signs of ending any time soon and will continue to impact the supply chains for many industries. Surprised By PandemicMike Noonen, CEO of Mixcomm, observed that, “... semiconductor supply chains were kind of surprised by the pandemic. He noted that, “Because of the semiconductor chip shortage, new car buyers are turning to alternatives, like used cars, and paying high[er] prices for them. [Demand] for used cars was high in the first place due to government stimulus payments, and many Americans [were] getting back into road trip mode. “We've seen used car values shoot up considerably, more than 5% in the past month and 50% in the past year!

Source: Forbes July 12, 2021 10:07 UTC