Component Prices Rise 10% to 40%

Increased component prices are inevitable when demand outstrips supply. But the electronics supply chain is being hammered on all sides – from materials to logistics — with rising costs. As one freight expert put it: “In 2020 and 2021, global logistics just can’t seem to catch a break.” For months, the Institute for Supply Management…

Channel Feels the Impact of Logistics Costs & Backlog

While manufacturing has rebounded from the long Covid quarantine, the supply chain has not. Logistics operations – already short-handed – are dealing with a seemingly unending series of disruptions. And there’s no relief in sight, experts say. Shipping operations at the Port of Yantian, which were scaled back due to a Covid outbreak, have improved,…

U.S. Manufacturing Expands in January at Slightly Slower Pace

U.S. manufacturing activity remained robust at the start of the year although pandemic-related supply and worker constraints curtailed production and drove prices up. The Institute for Supply Management’s manufacturing index, the PMI, decreased by 1.8 percent in January to 58.7 from the December level of 60.5. The index remains well above 50, the line of…

U.S. Manufacturing Expects 6.9% Sales Growth in 2021

Expansion of U.S. manufacturing growth that began trending upward last summer is expected to continue through 2021, along with growing capital spending and rising capacity utilization, according to the Institute for Supply Management. ISM’s semiannual economic forecast predicts U.S. manufacturers will record a healthy net increase in revenues totaling 6.9 percent this year, reversing a…