As most consumers are painfully aware, the chip shortage has wreaked havoc on automotive production for well over two years at this point, and while it’s been joined by various other supply chain problems, it remains a concern for automakers and shoppers alike. Ford has removed a number of features from its vehicles over that time span in an effort to keep its assembly lines rolling, and has stored countless unfinished vehicles on storage lots as well. But while opinions on when, exactly, the chip shortage might end vary greatly, Ford Pro CEO Ted Cannis recently stated that he believes the situation will improve as soon as this year.
“Unfortunately, on the supply side, the situation remains tenuous. We expect the chip situation to get a little better this year, but it’s still an ongoing issue,” Cannis said while speaking during the ninth annual Evercore Utility Conference recently, which aims to provide access to the decision makers who drive the U.S. energy transition and the outlook for solar, wind, and energy storage.
This comment coincides with Ford CFO John Lawler’s statement from November, when he said that he expected the chip shortage to extend into 2023, though he also noted that “we don’t think there’s going to be a significant relief from that standpoint. So we’re going to be constrained,” throwing a little cold water on that particular prediction at the same time.
As for Ford CEO Jim Farley, he recently stated that he believes that there is no foreseeable end to the various supply chain issues plaguing the automaker, noting that the automaker is simply trying to navigate these shortages as effectively as possible. At the same time, Ford is also forging deals with chipmakers in an effort to boost its supply of that specific product, too.