March 28, 2023

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As the pandemic came into full force in the middle of the year 2020, it landed a huge blow into the global economy. The pandemic resulted in mass lockdowns and the majority of the factories and companies were shut down on a global scale.

At that time, no one knew how long the impact of the pandemic would be felt even when the lockdowns were lifted. The sector that took the majority of the loss was the semiconductor one. Semiconductors are currently used in almost every appliance, electronic equipment, or vehicle running on electricity.

This is the reason why the car and pickup manufacturing companies started reporting a shortage towards the end of 2020. However, as the lockdowns stayed throughout the year 2020 and even the beginning of 2021, the chip shortage continued rising.

Now that the pandemic is going away and the companies are opening up, the demands for electronics and even cars are on the rise. Unfortunately, the shortage of chips is still there as the chip manufacturing companies are struggling to keep up with high demand and supply.

Another problem is that in some areas, the pandemic is still hovering so the on and off lockdowns are still adding to the shortage of the chips.

This is when Ford has made another alarming announcement in regards to the same problem. Ford has recently announced that it is still facing a shortage of chips and as a result, it has to cut down on the production of its vehicles.

Ford Motor has recently announced that it is going to have to cut the production of the F-150 pickup truck, which is one of the highest-selling vehicles.

Ford has announced that it is going to cut down the production of the F-150 pickup truck including two more vehicles in order to handle the chip shortage situation.

Ford has confirmed that the production of the particular vehicles would be cut down starting this week. Ford made the official announcement about cutting down the production of the vehicles on Friday, August 27, 2021.

Ford has announced that due to the shortage of chips, it is going to temporarily shut down its plants in two different locations. Ford announced that it will be shutting its Kansas City Assembly Plant, which is located in Missouri. Then another plant it is going to shut down on a temporary basis is the Oakville Assembly Plant, which is based in Canada.

The Kansas Plant reportedly readies F-150 while the Oakville Plant readies crossovers for Lincoln Nautilus and Ford Edge. As a result of the recent shutdown of the manufacturing plants, Ford is bound to experience a drop in its share prices.

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