MARKET UPDATES – 27.10.21

GENERAL OVERVIEW

• The current global component shortage supply continues to severely impact our industry with no signs of short-term recovery. We are currently facing lead times of up to 52weeks+.

• Price increase across the whole market continues to rise as both raw material and transportation costs remain high.

• The on-going power outages across China are having further impacts on the current supply chain.

• Order backlog and visibility in customer forecasting is key for the supply chain as prices continue to rise.