Ah, okay, that makes sense. Do I get it right that there are then essentially these two additional problems going on here, beyond short-term slots being a scarce resource:
- When manufacturers change their minds quickly and pay the price to buy up a lot of slots last minute, they are effectively also "burning" some slots that will simply no longer add to worldwide production of anything? and
- Being such a big customer with a high variance in demand, the car industry have are making it nearly impossible for the rest of the market to make rational decisions based on long-term forecasts?
(It might sound like I'm stating the obvious here but I know how often I think I understand something but later turn out to have missed the mark completely anyway.)
- When manufacturers change their minds quickly and pay the price to buy up a lot of slots last minute, they are effectively also "burning" some slots that will simply no longer add to worldwide production of anything? and
- Being such a big customer with a high variance in demand, the car industry have are making it nearly impossible for the rest of the market to make rational decisions based on long-term forecasts?
(It might sound like I'm stating the obvious here but I know how often I think I understand something but later turn out to have missed the mark completely anyway.)