- Although, the rest of the economy is edging closer to the highly anticipated ‘new normal’, we unfortunately are still facing strong market demand.
- We are seeing no relief in lead time reduction, the ramp-up in demand continues to drive further increases in lead times across entire portfolios resulting in wafer and substrate shortages and allocation on some products.
- Lead-times for both onshore and offshore manufacturing are extending. The Chinese economy is still recovering from the damage of COVID-19 and demand is outstripping available capacity in the Far East, pushing more builds into Europe and the UK.
- Manufacturer price increases are frequent and often multiple increases are being observed over many weeks. This is a global issue, affecting all products, commodities, manufacturers and supply chains.