MARKET UPDATES – 19.01.22

GENERAL OVERVIEW

  • Prices across the whole market continue to rise as both raw material and transportation costs remain high.

 

  • Computer chip shortage pushes European car sales to record low, we are currently facing lead times of up to 52 weeks.

 

  • The Omicron variant is causing further disruption to the supply chain due to global staff shortages. It is predicted that the supply chain crisis will take years to recover.

 

  • It is advised that all customers should place their orders for the whole of 2022 and beyond as soon as possible to avoid further delays.

 

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