1、MUNICH/GERMANYTHE ECONOMIC ENVIRONMENT CONTINUES TO BE DIFFICULT FOR AUTOMOTIVE SUPPLIERSGlobal automotive supplier study 20223Global Automotive Supplier StudyRoland BergerCONTENTShat was expected to be a year of recovery from the Covid-19 crisis turned out to be the year of semiconductor shortages

2、and supply chain problems.At the end,the ongoing frictions in the markets have eradicated five years of growth for the global automotive supplier industry.And 2022 is also a challenging year for suppliers,according to a new study by Roland Berger and Lazard.In this first part of a three-part series,

3、we detail the mounting pressures and financial health of the industry.Starting with the Covid-19 pandemic,the automotive industry is going into the third consecutive crisis year with an above-average financial burden,especially for traditional automotive suppliers.With the semiconductor shortages,th

4、e war in Ukraine,and subsequently skyrocketing raw material prices and factor cost increases,multiple additional short-term challenges came on top of the pandemic aftereffects.Especially Europe as a market is facing structural problems and will most likely not have seen pre-crisis volumes by the end

5、 of the decade.While electronics suppliers and aftermarket players could outpace their peers in terms of profitability,the majority of traditional players face deteriorating margins in this environment.In the light of these effects,also 2022,2023 and most likely even 2024 will stay or be difficult f

6、or automotive suppliers.Taking actual inflation into account,also refinancing for automotive suppliers will become much more difficult.Central banks are fighting the development with increasing interest rates,making capital more expensive in a time where it is most needed to finance technological ch