December 8, 2021
By Timmy Bubak
GENERAL OVERVIEW
- China is expected to double down on its ‘zero-COVID’ policy that may cause further disruptions across the supply chain as the new Covid-19 variant is spreading across the globe. This may result in mass lockdowns of entire cities, enforced quarantines, as well as strict checks at ports, including monitoring ships and cargo, and cause potential longer lead times. We are currently facing lead times of up to 52 weeks.
- Further price surges are expected across the whole market as the demand is at an all time high.
- Due to the current low raw material availability, supplier are now expecting payments in advance to secure your orders.
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