IHS Markit

2021 Americas Automotive Briefing

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Challenges arising from the pace of transformational change
As countries around the world rush to deploy vaccines in an effort to open up societies, the pandemic is far from over. In emerging markets it could take years before access to vaccines is widely available.
In the middle of this public health crisis the auto industry continues to recover from the deep shock of 2020, but disruptive shortages across the supply chain are challenging the industry again, threatening efforts to rebuild inventories and support significant pent-up demand.
Additionally the industry faces an accelerated transformational change, pivoting towards an electrified future driven by the Paris COP-21 agreement and the intensification of green policy initiatives by governments around the world. The timetable for change is increasingly led by legislation rather than the consumer preference.