Supply Chain ‘Continues to Deteriorate,’ Says GM CFO

COVID-19 factory disruptions are exacerbating global supply chain woes in “a very, very fluid situation,” General Motors Chief Financial Officer Paul Jacobson told an RBC virtual investor conference Friday. “The global supply chain continues to deteriorate a little bit,” and has “worsened” the semiconductor shortage, he said. “Inventories have been very, very thin all year.” Lack of global wafer fab capacity was the big challenge at 2021's start, and disruptions in Southeast Asia “back-end processing facilities” are more recent headaches, he said.