Get ready for price increase
This is so true^^. I hear so many horror stories from my customers who do work for the auto companies. The worst one is they dont get paid for their work for 1 year AFTER the goods are delivered. After all the bullshit they go thru with delays and delays on new programs. Then, when finally released, they want them to build the products in mostly impossible timelines, then engineering changes with more impossible timelines. Finally, when all that is complete, they dont get paid a nickle for a full YEAR. I'm talkiing multi-million dollar programs too.The people who run the automotive supply chain own a lot of this. For decades they have treated their suppliers like garbage, and now those suppliers have other, higher margin, customers who can eat up all of their capacity. Who would you rather sell to, some total asshole customer who always bitches about EVERYTHING and demands you almost put yourself out of business to supply them, and who is constantly pulling in and pushing out orders because they can, or somebody who is waving cash in your face at asking price and agrees to your standard T&Cs and lead times and doesn't expect you to sit on millions of dollars of inventory for "reasons" ? Auto mfgs have been warned for years this would happen, that as technologies converge the non "automotive specific" component suppliers would push them down the list. They didn't believe it but now it is happening and they are acting like they didnt see it coming. Toyota bought up plenty of stock ahead of this.. the others think they can still bully the suppliers but those days are over.