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Detecting counterfeit electronics & materials – event announced

The Anti-Counterfeiting Forum will be co-hosting the Counterfeit Electronics and Materials Symposium at the Manufacturing Technology Centre in Coventry, UK, on 14-15 March 2023 alongside the U.S. electronics bodies, SMTA and CALCE. The event will focus on current...

Industrial sensor sales remain strong

Sales of semiconductor sensors are expected to continue to achieve double-digit YOY growth, driven by the popularity of smart embedded controls and rising sales prices due to semiconductor shortages, reports IC Insights. Tight supplies and shortages of sensors for...

Designers are adapting to the chip shortage

As OEMs continue to struggle to secure essential components, engineering teams are being asked to consider component sourcing when developing the next generation of their products, reports EPS News. A recent survey found a majority – 74 percent – of global companies...

IC market expected to rebound – IC Insights

The IC market is expected to rebound in 2Q23 after a short bottoming out, reports IC Insights. "Given that the IC industry has never registered a four-quarter sequential IC market decline, expectations are high for a return to IC market growth beginning in 2Q23....

Freight costs lowering but logistics remain a setback

Sep 30, 2022
Freight Costs decline

While shipping costs are showing an improvement, logistics are still grappling with challenges posed by growing wait times for ships arriving at the Gulf and East Coast ports, according to the Descartes Datamyne trade databases.

“While down slightly from August 2021 and July 2022, the August numbers show that the U.S. economy, inflation and high fuel costs still have not had the anticipated adverse effect on container import volume,” said Chris Jones, EVP, industry and services at Descartes. “The continued shift from West Coast ports and higher overall volumes are lengthening delays at major East and Gulf Coast ports and keeping the number of ships waiting on the water high, which will prolong the unpredictable nature of global supply chain performance.”

In response to easing demand and falling rates, carriers are canceling some transpacific sailings through October, Freightos reports. And as spot rates are now well below most contract rates, there are reports that many importers are trying to renegotiate ocean contracts with carriers.

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