- Semiconductor manufacturers across the globe are continuing to feel the pressure as the demand continues to surge for consumer electronics.
- Recent reports state that average microchip lead time have risen to a record 22 weeks due to current transportation tariffs imposed on imported goods and power reduction mandates affecting China.
- Thanks to the rollout of coronavirus vaccines, the global economy is slowly starting to emerge from the Covid-19 pandemic.
- With most markets emerging from lock downs on gradual basis it is predicted that the economy will recover to pre-pandemic levels. However, not until at least 2023.