supply, forecast, grim

U.S. Supply Execs Prepare Grim Forecast for 2020

U.S. purchasing and supply executives expect the nation’s economic downturn will continue for the rest of the year as the Covid-19 pandemic obscures forecasts in the manufacturing sector. Factory revenue is expected to drop 10.3 percent in 2020 —  down 15.1 percent from December 2019 forecasts. The manufacturing and services sectors are both signaling contraction…

U.S. Moves to Cut Huawei’s Access to Global Chip Suppliers

The global electronics supply chain could be bracing for another disruption as the U.S. government moves to block semiconductor shipments from global chip makers to Huawei Technologies, the Chinese 5G and networking giant. Chip makers deal directly with large global customers such as Huawei, but electronics distributors often manage the logistics of semiconductor shipments to local markets. Most…