February 2021
MARKET UPDATE – 24.02.21
GENERAL OVERVIEW Standard level of lead times remains at 20-26 weeks. Pricing continues to rise with material and transportation costs being the main driver for these cost increases. Ongoing and significant ramp-up in customer demand across all key markets: Automotive, Industrial, 5G / IoT, Data, and Security. ON Semiconductor CEO expects auto chip backlog to end by
WHY NORTHERN IRELAND?
Following the UK’s exit from the European Union (EU) and ending of the transition period on 31 December 2020, Northern Ireland continues to have access to Great Britain (GB) and the EU markets for goods. Beyond its breathtaking natural beauty and strategic position as an integral part of the United Kingdom, Northern Ireland is gaining significance as a buzzing business
MARKET UPDATE – 17.02.21
GENERAL OVERVIEW Ramp up in demand is driving an increase in lead times, standard level is now 20-26 weeks. Price increases being issued by manufacturer base by 5-8%, due to raw material and transportation costs both increasing. Severe shortages on Semi-Conductors with General Motors to close 3 plants. They will be operating in South Korea only, at half
MACROECONOMIC FACTORS AFFECTING OUR SUPPLY CHAIN
As the Coronavirus wreaks economic turmoil around the world, modern supply chains face unprecedented stress and are drawing an increased level of scrutiny. Today’s globalized supply chain network has been optimized to identify minimum lead times at the lowest possible price. We want electronics made in China, so we can buy them cheap. However, rapid political developments, a shift towards
