August 4, 2021
By Timmy Bubak
GENERAL OVERVIEW
- With the new coming wave of COVID-19 infections and component shortages worldwide, the current lead times continue to extend sharply across the entire market.
- The continued acceleration in component demand is causing further pressure on supplier bases and we are currently facing lead times up to 52 weeks+.
- Further price increase across all commodities is expected as raw material and transportation costs continue to rise even higher.
- Customers are advised to validate their backlog to ensure all their orders remain accurate and reflect real demand as the lead times continue to rise.
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