MARKET UPDATES – 05.01.22

GENERAL OVERVIEW

  • With the on going supply chain disruptions caused by the pandemic and high demand for consumer electronics, it is predicted that the global chip shortage will last until at least 2023. We are currently facing lead times of up to 52 weeks.

 

  • Current power outages across China are having further impact on the rest of the world.

 

  • As we enter Q1. 2022, order backlog and visibility in customer forecasting is key for the supply chain due to continued price surges caused by the high raw material and transportation costs.