M1 Macbook Air speaker volume way too low

I just bought 2 units of the latest Apple Silicon M1 MacBook Air, and the speaker volume on both of them are way too low compared to previous generations MacBooks.

The speakers have to be cranked to the 75% mark to produce what would be normal audible volume. Any lower and the audio is unusable. When outdoor with gentle breeze and pedestrian passing by, even 100% is barely audible (you can hear sound but not audible/clear enough to make out the lyrics). Previous generation MacBooks only need 40-50% to reproduce the same volume.

Is anyone having the same issue, and if so, have you found any solution please?