GENERAL OVERVIEW Significant raw material cost increase forces suppliers to increase their pricing in order to support customer’s demand and sustain their supply chains. Toyota, Ford and Volvo slows down production due to global component shortages. The current component shortages and low material availability are causing lead times of up to 52weeks+ across the whole market. New
GENERAL OVERVIEW We are seeing no relief in lead time reduction, the ramp-up in demand continues to drive further increases in lead times across the entire market. We are currently facing lead times of up to 52weeks+. Lead times are rising due to global shipment delays caused by the current lock downs that are affecting Malaysia and the Philippines.
GENERAL OVERVIEW All new customer orders and forecasts for 2021 have been rejected by suppliers due to the ongoing high demand. It is recommended that all customers should place their orders for 2022 and beyond as soon as possible to avoid delays. With product availability being under constant constraint, there has been a continued rise in lead times across
GENERAL OVERVIEW Since the beginning of 2021, the market has changed dramatically and ongoing strong demand continues to outstrip supply, resulting in very long lead times and pricing surges. With a challenging Q1, we do believe there are some signs of hope. Current shortages of raw materials may improve throughout the year, leading to stabilization of lead times in