- Since the beginning of 2021, the market has changed dramatically and ongoing strong demand continues to outstrip supply, resulting in very long lead times and pricing surges.
- With a challenging Q1, we do believe there are some signs of hope. Current shortages of raw materials may improve throughout the year, leading to stabilization of lead times in the second half of 2021.
- A ramp up of investments to boost production capacity will also help in the long term.
- However, we would still advise order schedules to be placed out to at least Q4 2021.