September 1, 2021
By Timmy Bubak
GENERAL OVERVIEW
- We are seeing no relief in lead time reduction, the ramp-up in demand continues to drive further increases in lead times across the entire market. We are currently facing lead times of up to 52weeks+.
- Lead times are rising due to global shipment delays caused by the current lock downs that are affecting Malaysia and the Philippines.
- To avoid delays, all customers are now being advised to place order schedules for the whole of 2022 and beyond as lead times from most suppliers are being pushed further out.
- Further price surges are expected across all commodities as the cost of raw materials and transportation continues to grow.
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