MARKET UPDATES – 21.07.21

GENERAL OVERVIEW

  • Due to the current full lockdown and reduced workforce capacity affecting Malaysia, there has been significant shipment delays which has had a further impact on lead times.

 

  • With these ongoing issues, the supply chain lead times and shortages are not improving, and we are currently facing lead times of up to 52 weeks+.

 

  • There has been a further increase in pricing across all commodities with both raw material and transportation costs continuing to rise.

 

  • Suppliers are now expecting payments in advance to secure supply for raw material due to its low availability.