Lead times on engine sensors, control modules ,and fuel injectors have stretched to 8-12 weeks in many cases, one logistics executive dealing with the auto industry remarked. Prices for memory chips in the auto industry have reportedly climbed as much as 70%. Stuart Mitchell, VP of finished vehicles at Circle Logistics, described the repercussions for automotive supply chains as “transformative”. This new reality calls for a structural re-alignment of supply chains, he said. This requires better visibility of supply chains, allowing for problems to be identified before their impact, he noted.