Global chip shortages and supply chain disruptions have most likely had the greatest impact on the automotive industry. Demand is great, but there are not enough chips available, resulting in companies being unable to build the appropriate number of vehicles. As a result, if you purchase a car model now, you may have to wait a year or longer to receive it.

Toyota has seen its financial status deteriorate even further as a result of this predicament, which is detrimental to both purchasers and automobile producers. Due to cyber attacks on their supplier of plastic parts and electronics Kojimu Industries, the Japanese firm will halt production in its factories in Japan starting tomorrow, meaning that around 13 thousand fewer automobiles will roll off the manufacturing lines than previously planned. It is unclear whether the halt in production will continue after that, and it is also unclear who is to blame for the hacker attack on the company's computers.

According to Reuters, the incident occurred shortly after Japan joined Western countries in imposing sanctions against Russia; however, there is yet no indication that the attack was the work of Russian hackers or that the attackers were acting in retaliation for the sanctions. Following the announcement of a thorough investigation by Japanese Prime Minister Fumio Kishida, it is possible that things may become a little clearer.

As if Toyota's North American operations couldn't handle the unexpected, the company has experienced new production issues this month. The reason for the halt in manufacturing was a shortage of parts as a result of widespread protests by Canadian truck drivers.