"It’s clear that chip shortages have a firm grip on the world, causing supply chains to be stretched to their absolute limits,” began Luc van den Hove, president and CEO of semiconductor research institute IMEC, in this article for EENews Europe. “Not surprisingly,...
The world economy could be headed for the “mother of all” supply chain stumbles, writes Bloomberg. Reporting on new research by HSBC economists, Bloomberg suggest that "if the highly infectious omicron variant which is already swamping much of the global economy...
According to Nikkei Asia, Murata's MLCC production site, Fukui Takefu, has suspended some production lines earlier this week due to the outbreak of a Covid-19 cluster infection. TrendForce says the Fukui Takefu Plant accounts for 20.7% of the company's production...
A combination of global risk factors will lead to the supply chain industry taking until 2023, and possibly beyond, to resolve the current electronic component shortage issues, says ABI Research. According to their new report, 70 Tech Trends that will/will not shape...
IPC: supply chain challenges continue to hamper electronics production
IPC’s January 2022 Economic Outlook report finds that supply chain challenges remain acute and have improved little from the previous month. Shortages continue to hamper production levels and lead-times remain long. Supply chain challenges will linger well into 2022, and in some instances, into 2023.
Among other data, IPC’s economic outlook report shows:
- Economic growth will be severely muted at the start of the year as Omicron slows economic activity – gross domestic product (GDP) growth in the United States could drop to as low as 2.5 percent in the first quarter of the year.
- Inflation in Europe shot-up to 4.9 percent in November, the highest level since records began in 1997, two years before the euro was launched.
- Consumer sentiment improved marginally in December, but the gains might be short-lived thanks to rising cases of COVID. Consumer sentiment reached lows in November not seen since 2011.
- The re-emergence of COVID had stymied Europe’s recovery early in the year, but Europe is quickly getting growth back on track. Growth in the third quarter was 3.7 percent higher than a year ago.
- The number of employed persons increased by 0.9 percent in both the Euro area and in the European Union during the third quarter, but the unemployment rate has declined slowly during the recovery.
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For more help with looking at supply chain options, contact Astute Electronics