A new year – the same semiconductor chip shortage that’s plaguing both the automaker and electronic industries. Back in June, I wrote about the chip shortage in reference to Tesla. But Tesla isn’t the only company struggling with lack of inventory amid the shortage. The lack of chips are driving the price of new cars up nearly 12% and causing a significant loss of revenue to the tune of $2.10 billion dollars.

Taxi cabs are seeing an influx of business due to rising costs of ride sharing apps such as Uber and Lyft. Cities like San Francisco, Chicago, and New York has seen an increase in demand for taxis and a decline in Uber and Lyft rides.

“A lot of the challenges that we have been experiencing this year will continue into next year,” Transportation Secretary Pete Buttigieg confessed while on CNN’s “State of the Union” about the ongoing supply chain constraints. Fortunately, Buttigieg explained, “there are both short-term and long-term steps that we can take to do something about it."