WALL STREET WEEK: SUPPLY-CHAIN SOLUTIONS

The video discusses the impact of the COVID-19 pandemic on the auto industry, highlighting how factory shutdowns in Malaysia have caused a ripple effect, slowing down auto manufacturing. Recovery signs are emerging as Malaysian chip factories resume operations and major auto plants in America restart. However, GM's Mary Barra emphasizes the need for a permanent fix, with expectations of improvement by the second half of 2022. Michigan Congresswoman Haley Stevens advocates for the Chips Act to boost U.S. chip manufacturing, providing certainty for automotive companies and relief for Americans.

What has been the effect of the pandemic on the auto industry according to President Biden?

How did the shutdown of a factory in Malaysia affect auto manufacturing?

What improvements have been observed in the auto industry as per Fed President Neel Kashkari?

What steps are being taken to ensure that the auto industry does not face similar constraints in the future?

What is the significance of the Chips Act mentioned by Congresswoman Haley Stevens?