04 Nov 2021 -
 General

Shortages and delays slow U.S. manufacturing

U.S. manufacturing activity slowed in October as record-long materials lead times, shipping bottlenecks and component shortages took their toll on factories. The Institute for Supply Management’s PMI dipped 0.3 percent to 60.8 last month although long-term demand signals remain robust.

“New order levels remain expansive and low-customer inventories are positive for future production,” said Tim Fiore, chair of the ISM’s manufacturing survey committee. Although new orders dropped by 6.9 percent to 59.8, any number above 50 indicates manufacturing expansion.

Computers and technology was one of the top-performing sectors for October but still faces an uphill battle for supply. “Global supply chain issues continue,” one tech executive told the ISM. “Getting anything from China is near impossible — extreme delays. Microchip and circuit breaker shortages continue and are expected to continue into 2022.”

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics here

Related News

04 Mar 2024 - Industrial

Groundbreaking USB-C Technology from Pulsiv and Astute Electronics Signals the End of Bulky Wall Chargers

Read more

04 Mar 2024 - General

DRAM market boom, set to soar in ’24

Read more

01 Mar 2024 - General

Rising shipping costs adding to core inflation

Read more

01 Mar 2024 - General

Power module market to boom, but costs under pressure

Read more

29 Feb 2024 - General

Electronics industry optimistic: bright start to 2024

Read more

26 Feb 2024 - General

India’s WTO stance raises concerns for chip industry growth

Read more