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Global electronics shortage puts Northwest manufacturers on the spot

05 Sep 2021, 12:30 IST05 Sep 2021, 12:30 ISTRelevance: 85%
Global electronics shortage puts Northwest manufacturers on the spot

📊Executive Summary

The article discusses the ongoing electronics shortage affecting manufacturers in the Northwest, particularly Silicon Forest Electronics in Vancouver, Washington. The company is experiencing significant delays, with some components backordered by up to a year and prices for certain parts increasing tenfold. This shortage is impacting a wide range of industries, including automotive and consumer electronics, as demand surges post-pandemic. The labor shortage is exacerbating these issues, as new hires require extensive training. The article highlights the broader implications of these shortages on production timelines and pricing, emphasizing the need for manufacturers to adapt quickly to changing market conditions....

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Classification

Industries

Consumer Electronics
Automotive

Components

Semiconductors & ICs
Passive Components

Regions

United States
China
Taiwan

Topics

Supply Shortage
Pricing Trends
Semiconductor

Risk Categories

Supply Shortage
Lead Time Increase
Price Volatility