Strong peak season demand pushed China-U.S. ocean rates up yet again this week, marking the sixth successful general rate Increase since the end of May and sending China-U.S. East Coast rates past the $4,000/FEU mark. Ocean demand out of China to the U.S. continued to outstrip capacity. The pandemic (and trade war) have not reduced…
The combined challenges of the Covid-19 pandemic and the United States-China trade war have created somewhat of a perfect storm for electronics procurement specialists. As a supply shortage abounds, they must think ahead and respond promptly to avoid the worst effects. The trade war causes numerous knock-on effects The trade war between the United States…
In spite of Covid-19 case numbers rising in the U.S., optimism in the electronics and manufacturing industries is improving. ECIA’s latest supply chain survey on the impact of the virus points to lessening concern over component supply. Additionally, the U.S. manufacturing index has increased for 3 consecutive months. Developments over the past month on Main…
5G remains the electronics industry’s best hope to kickstart a global economy that’s been decimated by Covid-19. Although network rollout is far from uniform across the globe, supply analysts are beginning to form a picture of what the 5G supply chain will look like. As of March, 5G was live in 24 markets globally, according…
Freightos’ monthly ocean rate report for July has arrived. The company has also developed a new monthly report tracking industry adoption of digital air cargo, much like IATA’s periodic report on eAWB implementation. Its first report is available here. In July, ocean rates from China to the U.S. increased slightly: Key insights: Peak…
U.S. manufacturing activity in July expanded to its highest level in nearly 18 months as orders and production rose despite a resurgence in global Covid-19 cases. The Institute for Supply Management’s factory index, the PMI, increased by 1.6 percent in July to 54.2. Any reading above 50 indicates expansion. New orders reached 61.5 percent, up…
Editor’s note: The decline of the U.S. semiconductor industry has as much to do with decades of American inaction as with China’s aggressive industrial policy. As a result, few chips are ‘made in America.’ This Aspencore Media special project examines how the U.S. has fallen into a new kind of cold war: a technology cold…
The complexity of global supply chains depends largely on what and how much you’re sourcing. With some materials — like paper — you’ll find a suitable supplier almost anywhere in the world. However, in the electronics industry, things are not so straightforward. Multiple commodities from multiple suppliers across various geographic locations mean global electronics supply…
Freightos, a logistics marketplace, reports that carriers have introduced their third general rate increase (GRI) since the beginning of June. High Level Freight Update Growing import demand enabled a rare third consecutive GRI to push China-U.S. ocean rates up again, even as capacity gets closer to normal. Even the trade war lead-up in late 2018…
Earlier this month, Renesas Electronics Corp. consolidated its distribution channel in Asia-Pacific, China and Taiwan. The semiconductor company terminated its relationship with global distributor WPI Group and added regional distributor WT Microelectronics. The move is notable as late last year World Peace Group (WPG), WPI’s parent, made a controversial bid to acquire a 30 percent…