This time two years ago, electronics industry forecasters were projecting 2020 would be a banner year for the electronics industry after the roller-coaster ride of strong growth in 2018 and a slump in 2019. A case in point was the 5.9 percent semiconductor growth rate for 2020 by the World Semiconductor Trade Statistics (WSTS) based…
As the Christmas holiday approaches, consumer awareness of the supply chain has heightened. Global supply networks have actually been struggling for 18 months. Continual disruptions have elevated the rates of ocean shipments and air-cargo costs are now on the rise. Additionally, delays at U.S. seaports have not abated. Transatlantic air cargo rates climbed this week,…
Trade wars, tariffs and geopolitical concerns have spurred global electronics manufacturers to reassess their strategies regarding China. But rather than abandon the nation entirely, China Plus One is taking hold as a way to diversify supply chain risks. “Trade dynamics with China have changed,” said Vipul Kumar, manager, procurement and supply chain intelligence for business…