August 11, 2021
By Timmy Bubak
GENERAL OVERVIEW
- There have been significant shipment delays that are impacting lead times due to the current full lock-down and reduced workforce capacity affecting Malaysia. We are currently facing lead times up 52 weeks+.
- We can see a bright light at the end of the tunnel with potential excess stock and oversupply availability predicted by the end of 2022 as the economy slowly recovers.
- Further price increase is expected across all commodities as both raw material and transportation costs continue to grow.
- Due to the low material availability suppliers are now expecting payments in advance to secure any orders.
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