Latest / The Productivity Podcast with Fexingo: Output, Efficiency, and Long-Term Economic Growth
How One Chip Shortage Reshaped Auto Production
In early 2021, a single factory fire at a Renesas chip plant in Japan idled more than a million cars globally. This episode traces how a two-millimeter microcontroller became the bottleneck for the entire automotive industry, why Toyota's famous just-in-time system broke, and what carmakers are doing now to prevent the next shortage. Lucas and Luna walk through the specific supply chain decisions — from Renesas to Toyota to Ford — that turned a localized disaster into a multi-billion-dollar production crisis. They also look at the longer-term shift: carmakers building their own chip…
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