The continued peak in ocean container demand is keeping ports congested, equipment scarce and creating knock on effects on ocean rates — beyond the Asia-U.S .lanes that are generating most of the demand, according to Freightos. Prices from Asia to the Mediterranean – which are normally 37% lower than Asia-U.S. East Coast rates – skyrocketed…
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Telematics technology — which can refer to any piece of tech that combines telecommunications and information technology — is used across the business world, but it’s particularly valuable for logistics professionals, who face the challenge of managing an increasingly complex network of goods and delivery vehicle fleets. With the right piece of technology, entrepreneurs can…
DetailsAmphenol, an interconnect, antenna and sensor solutions specialist, has entered into a definitive agreement with MTS Systems, a supplier of test systems, motion simulators and precision sensors, under which will acquire MTS for USD 1.7 billion. “We have long admired MTS’s technology and position across a variety of attractive end markets,” said R. Adam Norwitt,…
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The cloud and edge computing have come to the industrial world and they’re here to stay. Whether one thinks that’s a good or bad thing, it’s now inevitable. These shifts have been accelerated by the enormous expansion in remote workers due to Covid-19 and their many unmanaged or insecurely managed devices, along with the connection of millions…
DetailsDutch automotive chip supplier NXP Semiconductors has told customers that it must raise prices on all products because it is facing a “significant increase” in materials costs and a “severe shortage” of chips, according to a letter to its customers seen by Reuters. “To address the unforeseen increase in costs from our suppliers, we reluctantly…
DetailsElectrocomponents says it will acquire Synovos, a developer of integrated supply solutions in the Americas, for a total consideration of $145 million on a debt-free, cash-free basis, reported DistiBlog. The acquisition is subject to customary closing conditions, including US anti-trust, and is expected to complete in Q1 calendar year 2021. Electrocmponents says Synovos will accelerate…
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KMC Systems Inc. isn’t just surviving the Covid-19 pandemic — it’s thriving. The medical equipment it manufactures is, of course, in critical demand. But the proximity of KMC’s suppliers – 90 percent are within 200 miles of the Merrimack, NH, electronics manufacturing services (EMS) provider — enables it to fulfill surging orders. The supply chain’s…
DetailsNewark, an Avnet Company and global distributor of electronic components, products and solutions, has signed a global franchise with XinaBox to broaden its market leading range of educational devices and kits. The XinaBox range provides a low-cost entry into the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML) and automation and helps educators…
DetailsSK Hynix said on Tuesday that its semiconductor packaging factory at Chongqing, China has resumed operations after briefly shutting down due to a factory-wide COVID-19 test ordered by the local government, According to ZDNet. The Chongqing City government had ordered the factory to be shut down after a company employee, a South Korean national, was diagnosed…
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Over the past 20 years, there has been a move toward a more diverse component sourcing model. But, with the logistical challenges that Covid-19 has presented to the global supply chain, what had been a steady drift has become a seismic shift. With an unpredictable global market, purchasers find themselves considering new vendors and markets…
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