Michigan economic consulting firm Anderson Economic Group LLC estimates economic losses have totaled over $1.6 billion so far, largely concentrated in the handful of areas where UAW strike actions or layoffs have occurred.
The supply base for the Detroit Three reaches deep into the economy, especially in the upper Midwest, and touches everything from chemical and metal producers to electronics.
“A lot of these companies were just starting to get their legs underneath them again” after COVID and semiconductor chip shortages, said Laurie Harbour, CEO of Harbour Results Inc., a manufacturing advisory firm in Southfield, Michigan.
