Finance News.

digital, supply chain, Covid-19, transformation

How Covid-19 Could Accelerate the Digital Supply Chain

Supply chain services are getting more creative as the Covid-19 pandemic stresses global commerce and businesses prioritize the safety of their workforce. Online tools and services are becoming more popular with vendors offering free assistance and emphasizing their utility in times of crisis. Tradeshift, an open-source transaction platform, notes buyers, suppliers and their partners all…

chip, forecast, slash, Covid-19

Chip Forecasts Slashed Amid Pandemic’s Grip

Grim global semiconductor forecasts agree on a pandemic-driven market contraction, with the only variable being how steep and for how long chip demand and revenues will decline. As the unrelenting spread of the novel coronavirus and the resulting lockdown slow consumption and hobble global supply chains, forecasters continue to slash their growth forecasts across market sectors and applications. Demand…

small business, tech, Covid-19, ECIA

How Small Tech Businesses Are Faring With Covid-19

Big, flashy tech companies dominate the news – Apple, Intel and Cisco among them. But smaller enterprises, such as manufacturers’ representatives (reps), support these businesses by creating and driving electronics component demand. One of the critical factors to arise during the Covid-19 pandemic has been the devastating impact of the government mandated economic shutdown on…

manufacturing

Pressure Grows for U.S. Manufacturing Revival

Government initiatives aimed at reviving U.S. manufacturing were already underway when the coronavirus effectively knocked out distribution channels linking Chinese manufacturers and U.S. consumers. For example, the Defense Department’s Industrial Base Analysis and Sustainment Office has aggressively sought to secure the electronics supply chain for critical infrastructure. Meanwhile, several industrial base proposals have been floated…

freight, demand, US, essential goods

Global Freight Demand Sinks; U.S. Focuses on Essential Goods

U.S.-China freight rates have been heavily impacted by the ongoing developments in Covid-19, according  logistics expert Freightos, which also provides insight on global shipping trends. China-US West Coast prices (FBX01 Daily) rose 1 percent since last week to $1,533/FEU. Rates are 3 percent lower than last year’s prices for this week. China-US East Coast prices…

Covid-19

EU Chip Makers Weigh Production Risks Amid Covid-19

As the Covid-19 outbreak has worsened in Europe, semiconductor manufacturers have had to examine the health issues and risk factors for their workers. Most of Europe is under lockdown, paralyzing the economy and daily life of hundreds of millions of people. PSA Group, Renault, Fiat Chrysler, Volkswagen, Ferrari, among other car manufacturers, have suspended production…