MARKET UPDATES – 08.07.21

GENERAL OVERVIEW

  • There has been no sign of supply improvement as shipping delays continue to drive further increases in lead times across entire portfolios.

 

  • We are facing lead times up to 52 weeks+ as continued acceleration in demand is causing huge pressure on supplier bases.

 

  • With ongoing shortages and the demand for raw materials, we have seen instability in manufacturing prices. We expect to see further price surges throughout Q3.

 

  • Due to the increase in lead times, it is critical that customers validate their backlog to ensure all orders remain accurate and reflect real demand.