September 8, 2021
By Timmy Bubak
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 COVID-19 infection spikes are causing nation lock-downs resulting in further delays due to reduced workforce capacities.
Leave A Comment