- Significant material cost increase is forcing suppliers to rise their pricing in order to support customer’s demand and sustain their supply chain.
- Big tech giants such as Apple, Samsung and Sony warn about chip shortage impacting their production.
- Lead times are expected to remain extremely high, and further growth is predicted throughout 2021 due to component shortages. We are now facing lead times of up to 52 weeks across the whole market.
- Customers are now being advised to place order schedules for 2022 as lead times from most suppliers are being pushed further out.